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MEET THE MILLIONAIRES

From private equity to speaking tours: how the candidates made their money

By Max Brallier,  Newser User

Posted May 17, 2007 11:44 AM CDT
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(Newser) – No surprise that they're wealthy—at least 10 of this year's presidential candidates are millionaires. But how they brought in the big bucks is the focus of the Washington Post 's analysis of their latest financial disclosure forms and other documents. Rudy Giuliani, for instance, made $11 million last year from speaking engagements alone.

Add to that a lucrative array of investments and businesses, for a net worth of $20 to $70 million. Not bad for a guy who had under $2 million when he left office as New York mayor. Or take John Edwards, who made his initial fortune as a personal injury lawyer: Edwards has more than $7.5 million in a hedge fund that's engaged in two practices he opposes: offshore tax havens and subprime mortgage lending.

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Republican presidential hoepful Rudy Giuliani shakes hands with an elementary school student during a town hall meeting at the College of Charleston in Charleston, S.C., Wednesday, May 16, 2007. Upon questioning, the boy told Giuliani that he wanted to be a police officer. (AP Photo/Alice Keeney)
Republican presidential hoepful Rudy Giuliani shakes hands with an elementary school student during a town hall meeting at the College of Charleston in Charleston, S.C., Wednesday, May 16, 2007. Upon...   (Associated Press)
Republican presidential hopeful and former New York City mayor Rudy Giuliani responds to questions during a town hall-style meeting at the College of Charleston in Charleston, S.C., Wednesday, May 16, 2007. (AP Photo/Alice Keeney)
Republican presidential hopeful and former New York City mayor Rudy Giuliani responds to questions during a town hall-style meeting at the College of Charleston in Charleston, S.C., Wednesday, May 16,...   (Associated Press)
Republican presidential hopeful and former New York City Mayor Rudy Giuliani responds to questions during a town hall meeting at the College of Charleston in Charleston, S.C., on Wednesday, May 16, 2007. (AP Photo/Alice Keeney)
Republican presidential hopeful and former New York City Mayor Rudy Giuliani responds to questions during a town hall meeting at the College of Charleston in Charleston, S.C., on Wednesday, May 16, 2007....   (Associated Press)
Democratic presidential hopeful, former North Carolina Sen. John Edwards, delivers his remarks at a gathering of the International Association of Machinists and Aerospace Workers, Wednesday, May 16, 2007, in Washington. (AP Photo/Manuel Balce Ceneta)
Democratic presidential hopeful, former North Carolina Sen. John Edwards, delivers his remarks at a gathering of the International Association of Machinists and Aerospace Workers, Wednesday, May 16, 2007,...   (Associated Press)
Democratic presidential hopeful John Edwards speaks during an interview with The Associated Press Tuesday, May 15, 2007, in Des Moines, Iowa. If you look at what I've done since the last election, it is true that I did consulting work for a hedge fund, part time, Edwards told The Associated...
Democratic presidential hopeful John Edwards speaks during an interview with The Associated Press Tuesday, May 15, 2007, in Des Moines, Iowa. "If you look at what I've done since the last election, it...   (Associated Press)
Democratic presidential hopeful John Edwards speaks greets potential supports during a town hall meeting, Tuesday, May 15, 2007, in Des Moines, Iowa. (AP Photo/Charlie Neibergall)
Democratic presidential hopeful John Edwards speaks greets potential supports during a town hall meeting, Tuesday, May 15, 2007, in Des Moines, Iowa. (AP Photo/Charlie Neibergall)   (Associated Press)
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John Edwards • Rudy Giuliani • money • hedge fund • Election 2008

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