Bricks and Politics

Real Estate, Other Investments, Key to Paul Ryan Fortune

Republican vice presidential candidate and P90X fanatic Paul Ryan owes a bit of his net worth–valued between $927,000 to $3.2 million–to a mix of trusts and inheritances, along with investments that include real estate, according to a recent report.
Mr. Ryan paid upwards of $250,000 for three rental properties in his native home of Janesville, Wisconsin in 1998, for which he collected up to $50,000 a year from tenants, according to Business Insider.
paul ryan Real Estate, Other Investments, Key to Paul Ryan Fortune

Rep. Paul Ryan (Photo courtesy of Getty Images)

The purchase was financed with a mortgage from Anchorbank SSB.

Mr. Ryan sold the properties in 2001, when they were valued close to $500,000. 
The three rental units were owned by the Ryan-Hutter Investment Partnership, according to public documents. Hutter is the maiden name of his mother, Elizabeth.
Other investments by Mr. Ryan include a 10 percent stake in Blondie & Brownie gravel company, which is believed to be valued at $250,000, and Red River Pine LLC, a timber company in which his stake is rumored to be worth upwards to $100,000.
The Wisconsin representative also owned a 21 percent stake in Ryan Limited Partnership prior to joining Congress. That stake, valued at $45,358 in 1998, is now estimated to be worth upwards of $250,000 in 2011. RLP has shares in Altria Group, Amazon.com, Apple and Philip Morris, according to Business Insider.