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Bush discloses income of at least $2 million
July 2, 1999 WASHINGTON (July 2) -- While his campaign coffers are brimming with record contributions, Texas Gov. George W. Bush isn't doing too badly in the personal income department either, reporting Friday that he earned between $1.7 million and $9.7 million last year. According to reports filed with the Federal Election Commission (FEC), most of Bush's wealth came from sales of his interests in oil, gas, real estate and a professional baseball team, the Texas Rangers. Financial disclosure reports to the FEC are required of all presidential candidates. Assets are only required to be disclosed in broad dollar ranges. The governor earns a $97,890 salary. This year he also received a $106,250 advance for an unspecified book. The advance was donated to several youth charities including the Boy Scouts and Girl Scouts. On top of that, the Bush family has no debt and listed a diversified trust valued at between $1 million and $5 million as its largest asset. He also reported owning more than $500,000 in U.S. Treasury notes and having three checking accounts valued at between $3,000 and $45,000. Bush has a few thousand dollars invested in high-tech stocks, including Intel, Microsoft and Lucent Technologies. He also owns two money market accounts with a total value between $600,000 and $1.25 million. The largest source of income for Bush was the $1 million to $5 million he received from the sale of his interest in the Texas Rangers. Other capital gains income came from interest sales in Crescent Real Estate Equities (between $100,000 and $1 million); Advance Paradigm (between $100,000 to $1 million); and GFW Energy LP (between $50,000 and $100,000). The front-runner for the GOP 2000 presidential nomination in national surveys, Bush also holds a commanding lead in the money race. He announced this week that his campaign has raised a staggering $36.2 million this year. That number is record in presidential fund-raising for this point in the cycle. The Associated Press contributed to this report. |
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MORE STORIES:Friday, July 2, 1999
• Gore courts New Hampshire votes - in Washington • Bradley to pick up Kerrey endorsement • Bush discloses income of at least $2 million • Orrin Hatch enters White House race • Gore campaign shuffles staff • House OKs financial privacy measure • GOP Congress goes home with tax talk blueprint in hand • Democrats climb out of debt • Senate continues ban on buying federal employees abortions • California state Senate sends gun-a-month bill to governor • Analysis: For Clinton, scant credit for a foreign policy success • Clinton plans to nominate commissioner for second term | ||||||||||||||||||||||||||||
