Bricks and Politics

Bricks and Politics

Real Estate, Other Investments, Key to Paul Ryan Fortune

Rep. Paul Ryan (Photo courtesy of Getty Images)
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.

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.  Read More