We were able to find common ground and get things done.
The Highs and Lows of Mitt Romney's Campaign The impact of Romney's 47 percent comment and first debate performance. Politics and public service have always been part of Mitt Romney’s life. His mother, Lenore, ran for the U.S. Senate in 1970 and his father, George, was a three-term governor of Michigan. But Mitt did not enter politics himself until later in life. After serving his Mormon mission in France and earning degrees in law and business administration from Harvard University, Romney worked for Bain and Co., a Boston-based consulting firm, later becoming the CEO of a spin-off private equity firm Bain Capital.
In his years at Bain, Romney amassed most of his personal fortune, estimated to be as high as $250 million. He first tested the political waters in 1994, boldly challenging longtime Massachusetts Sen. Ted Kennedy for his Senate seat, but ultimately falling short and returning to the private sector. In 1998, he was asked to take charge of Salt Lake City’s 2002 Winter Olympics, which was in disarray following a scandal. After successfully turning around the Salt Lake Olympics, Romney won the 2002 gubernatorial race in Massachusetts, where under his leadership, the state would become the first in the nation to enact a universal health care system.
In 2008, Romney threw his hat—and about $45 million of his fortune—into pursuing the presidency, but despite winning 11 contests, he finished a distant third behind the party’s ultimate nominee, Sen. John McCain of Arizona. Back for a second run in 2012, however, Romney would win the Republican nomination and become the first Mormon ever selected as a major party nominee. Despite a stellar performance in the first debate and polls showing that he was the candidate most Americans trusted to solve their economic problems, he was overwhelmed by the Obama campaign’s ground game and fundraising advantage, and ultimately lost the election by 51 to 47 percent in the popular vote.
After his 2012 election loss, Romney has kept a low public profile until recently when he emerged as an outspoken opponent of the next GOP nominee for president, Donald Trump.