Mitt RomneyFebruary 22. 2013 5:40PM
Mitt Romney, two-time Presidential candidate, American businessman, savior of the 2002 Salt Lake City Olympic Games and the 70th Governor of the State of Massachusetts, was born in Detroit on March 12, 1947. His mother was an actress before she married Mitt's father George who never graduated from college only to later become the head of American Motors and later, the Governor of Michigan. Mitt was brought up in the City of Bloomfield Hills where he attended the prestigious college-preparatory Cranbrook School. After graduation, he went to Stanford University for a year before leaving for a 30 month mission in France as a member of the Mormon church.
Upon his return, he enrolled in Brigham Young University and earned his undergraduate degree from the school in 1971. He followed that by attending Harvard Law School and Harvard Business School, where he earned an M.B.A. and a J.D. in 1975. He also holds four honorary doctorates: an Honorary Doctor of Business from the University of Utah in 1999, an Honorary Doctor of Law from Bentley College in 2002, an Honorary Doctor of Public Administration from Suffolk University Law School in 2004, and an Honorary Doctor of Public Service from Hillsdale College in 2007.
Romney worked for the management consulting firm Bain and Company, eventually becoming CEO of the company before he co-founded a private equity investment firm, Bain Capital, in 1984. The company would become one of the largest firms of its kind in the nation, helping such companies as Corning, Inc., Outboard Marine Corporation and Burlington Industries. Later, the firm invested in companies such as Staples, Inc., Domino's Pizza, Sealy Corporation and Sport's Authority. During the 14 years he headed Bain Capital, the company's internal rate of return was 113 percent.
In 1997, Romney and his wife purchased a home in Wolfeboro on Lake Winnipesaukee. The home is a 3-story, 6-bedroom, 5,400 square foot home on an 11-acre lot with approximately 800-feet of water frontage. The couple continues to own their summer home in Wolfeboro but their primary residence is an oceanfront home in La Jolla, California.
In 1999, Romney was asked to serve as the President and CEO of the Salt Lake City Olympic Games Organizing Committee. He rescued the Olympics from financial and ethical turmoil to turn around the Salt Lake City Olympic Games in 2002 and make it a successful venture.
In 2002, People Magazine listed Romney in its 50 Most Beautiful People issue. He also wrote a book about his experience with the Olympics titled Turnaround: Crisis, Leadership, and the Olympic Games. The book was published in 2004.
Mitt was elected Governor of Massachusetts in 2003. During his time as governor (2003-2007), Romney signed into law Massachusetts Health Care Reform legislation which provided almost universal access to healthcare via subsidies and state-level mandates. The law was the first of its kind in the nation.
In 2008 he ran for President but, despite winning several Primaries before losing the nomination to John McCain. Following his unsuccessful run, Romney continued to remain active in politics, founding Free and Strong America PAC, a political action committee, to help raise money for other Republican candidates. In 2010, he served on the Board of Directors of Marriott International and also gave speeches before business, educational and motivational groups. He also published another book, No Apology: The Case for American Greatness, that same year.
In June 2011, while speaking at a farm in Stratham, Romney once again announced the start of his 2012 Presidential campaign. He is considered a front-runner for the Republican nomination.
Mitt first met his wife Ann Davies in grammar school when he was a Cub Scout. They reconnected again later and the two were ultimately married in 1969. They have five children, all boys, and sixteen grandchildren.
On August 11, 2012, Mitt Romney announced that Senator Paul Ryan was his Vice Presidential pick.