Republican U.S. Senate candidate Peter Schiff is worth millions of dollars, but unlike one of his rivals, he does not intend to finance the bulk of his campaign. Schiff, a broker, author and financial pundit from Weston, says he has raised a total of close to $1.6 million, almost all of it in small donations from individuals. About $300,000 came in the past month.
“I don’t mind spending some of my own money on the campaign but I’m running for a cause and I shouldn’t be paying for it all myself,” Schiff said.
Schiff earned a salary of $17 million and reported dividends, interest and capital gains of at least $1.4 million over a 23-month period ending in mid-December, according to financial disclosure forms filed in connection with his run. Not listed among his assets is the Weston home he bought in December for $2.4 million.
Schiff’s wealth, while considerable, is overshadowed by the vast fortune of former World Wrestling Entertainment CEO and fellow Republican Linda McMahon, who has said she would spend up to $50 million to fund her own Senate bid.
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