As the GOP National Convention in Tampa rapidly approaches, speculation continues to build over who Repubican presidential nominee Mitt Romney will select as his vice presidential running mate. From a host of potential choices, the man who seems to have emerged as the likely candidate for the VP nod is Senator Rob Portman (R-Ohio).
In case there was any lingering doubt about which side represents the 1% in this election, here's how a Romney-Portman ticket stacks up against Obama and Biden in terms of net wealth:
Sen. Rob Portman
The Ohio Senator is firmly ensconced in the millionaires' club. Portman's wealth climbed to at least $6.7 million in 2011, according to his financial disclosure form. That represents a 26% jump from 2010. In that year, the former Office Rentals of Management and Budget Director reported $5.3 million for his minimum net worth. Portman’s liabilities dropped from at least $1 million in 2010 to at least $750,000 last year. Portman also has sizable holdings in real estate. He has a $1 million asset, for example, tied into an S corporation that has commercial rental property, buildings and vacant land in Cincinnati and Lebanon, Ohio, as well as in Erlanger, Ky.
The 1% Ticket: Mitt Romney net worth ($200 million) + Portman net worth ($6.7 million) = $206.7 million.
I don't know about you, but to me that screams:
The Obama-Biden Ticket: President Obama net worth ($11.8 million) + Joe Biden ($500,000) = $12.3 million.
You do the math.