Romney VP pick is well-off but not megarich

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Associated Press

Posted on August 16, 2012 at 12:02 PM

Updated Thursday, Aug 16 at 12:02 PM

WASHINGTON (AP) — Republican presidential candidate Mitt Romney found a running mate wealthier than most of us.

Although he's not nearly as rich as Romney, congressman Paul Ryan has a net worth of $4.5 million and he earned at least $344,000 last year. That puts him in the top 5 percent of income earners.

Most of his money comes from his marriage and inheritances.

At a glance, Ryan's finances reflect an upper middle-class family. Ryan mortgages his home — six bedrooms with 5,700 square feet on less than one acre. He and his wife, Janna, support three children, and she's now a stay-at-home mom.

Romney's fortune is estimated at $250 million while President Barack Obama's net worth hovers around $11.8 million.

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