Huntsman digs deep into his own pockets
June 30th, 2011
08:24 PM ET
12 years ago

Huntsman digs deep into his own pockets

(CNN)-After pledging that he wouldn't use his own wealth to support a bid for the presidency, former Utah Gov. Jon Huntsman has dipped almost $2 million deep into his own pockets after all.

According to his campaign, Huntsman has raised $4.1 million in the second fundraising quarter as he seeks the 2012 GOP nomination for president, but almost half of it comes from the candidate's personal funds.

But Huntsman told reporters in early May that he would do no such thing.

"If we were to get in the race – no self-financing," he said. "Unless you can raise it legitimately, you're not going to win."

In 2009, Huntsman owned personal assets totaling between $17.8 million and $84.0 million, according to federal records. The bulk of his wealth comes from investments in the Huntsman Corporation, a multi-billion dollar chemical company founded by Jon Huntsman, Sr., the former governor's father.

The former U.S. Ambassador to China, who was nominated by President Obama in 2009, stepped down from that post in April to consider a bid to unseat the man who appointed him. He formally announced his candidacy for president in late June but under federal election regulations is not required to file a full campaign fundraising report to the Federal Election Commission until mid-October.

The second quarter of fundraising ends June 30.

CNN's Peter Hamby and Robert Yoon contributed to this report.

Filed under: 2012 • Fundraising • Jon Huntsman
soundoff (17 Responses)
  1. thomas

    Please spend your own money !

    Your the best the GOP has in the ring . Yet you wont win the election. However you most likely will be appointed a secretarial position , maybe department of trade !

    June 30, 2011 08:37 pm at 8:37 pm |
  2. CoffeePartyMember

    I hate to see this decent American, an endangered specie in the Republican party, has all his fortune down into drain for something totally beyond his reach

    June 30, 2011 09:07 pm at 9:07 pm |
  3. vic , nashville ,tn

    We knew its coming. it will happen all the republican candidates except Rep Michele Bachmann

    June 30, 2011 09:12 pm at 9:12 pm |
  4. maliichi

    Maybe he got the extra money when he closed the accounting offices at Huntsman Ind. Woodland Texas headquarters and
    shipped the jobs to India. See he's Business savy. We need an American. I dont know if there is one left.

    June 30, 2011 09:51 pm at 9:51 pm |
  5. bb

    Mere pocket change for Richie Rich. Yet if he gets elected he's going to nix millions of seniors' medicare in order to fund additional tax breaks for the wealthy, like himself. They'll be paying around $20K more each year for the same level of care they receive now. It's a gamble, but he should recoup this minimal lay out of cash within a few months of being elected. Huntsman = A wolf in a thousand dollar suit.

    June 30, 2011 10:00 pm at 10:00 pm |
  6. John

    Just another LIE from a Publican. So what new.

    June 30, 2011 10:01 pm at 10:01 pm |
  7. S.B. Stein E.B. NJ

    Not all the time that people can buy their election. It didn't happened to Romney in Iowa when he lost to Huckabee.

    June 30, 2011 10:47 pm at 10:47 pm |
  8. Patrick from Minnesota

    He should really put his money to better use since he will never win.

    June 30, 2011 11:44 pm at 11:44 pm |
  9. loriot

    I'll vote for him if he converts to Christianity.

    July 1, 2011 12:56 am at 12:56 am |
  10. Donna

    If all of you think that Huntsman is spending a lot of his own money( 2 mil.), on this campaign, consider this:
    In 2008, then Gov. Romney spent over 47 million (out of his own pocket) on his campaign ( a nomination which he eventually lost).
    At least we know that President Obama wasn't raised in the lap of luxury; he pulled himself up by his own bootstraps.
    He wasn't born with a silver spoon in his mouth, like many in the G.O.P. field now running . How can voters really believe that people who inherited significant amounts of their personal wealth possibly understand what so many Americans are going through?

    July 1, 2011 01:29 am at 1:29 am |
  11. LNB

    Campaign finance reform needs to happen. I love Russ Feingold. All persons running should get public finance in the same amount. No private monies, no donations. They should have 6 weeks prior to the election on public airways to pose their positions. There should be 3 debates on network TV/public TV leading up to elections. End of story. What we have now is not democracy; and what remnant we did have of democracy fell to its final death with Citizens United. WAKE UP AMERICANS!!!

    July 1, 2011 02:07 am at 2:07 am |
  12. j blackburn

    cult religion

    July 1, 2011 03:05 am at 3:05 am |

    "If we were to get in the race – no self-financing," he said. "Unless you can raise it legitimately, you're not going to win."

    After saying that he puts in $2M of his own money. Sounds like your standard GOP operating procedure, say one thing and do the opposite. He didn't lie, he misspoke. Can't you just hear it now!?! But it's ok to lie to the American people IF you're a republican!

    July 1, 2011 06:06 am at 6:06 am |
  14. MarineVet

    Sarah and Michelle get rich off campaign contributions and Huntsman is spending his own money????

    July 1, 2011 06:24 am at 6:24 am |
  15. johnmenacherjr

    Oh Geez another millionaire republican teabagging moron! I wonder where this non-christian was born??? Yes i know he is mormon and yes I said non-christian. Its a new wealthy republican tradition! Don't care wont vote for another republican ever. I only need to be lied to once. The rest of American just lines up for more "Sheeple?"

    July 1, 2011 06:31 am at 6:31 am |
  16. The Greedy Old Pigs have declared war on US!

    "The bulk of his wealth comes from investments in the Huntsman Corporation, a multi-billion dollar chemical company founded by Jon Huntsman, Sr., the former governor's father."

    And we can assume, therefore, that Hunts Man is interested not in the needs and concerns of average Americans but rather those of his fellow billionaire corporate welfare queens and their completely unnecessary and damaging tax cuts. This is not the background of a "man of the people."

    July 1, 2011 07:07 am at 7:07 am |
  17. diridi

    These GOP guys are all crooks, and work for Oil companies, and super rich....o.k, They do not work for you and I, middle class Americans....o.k, Obama2012....

    July 1, 2011 07:48 am at 7:48 am |