WASHINGTON – Republican presidential candidate Rudy Giuliani reported a whopping $16.1 million in earned income over the past 16 months, including millions in speaking fees.
The former New York mayor also reported $13 million to $45 million in assets, including his share in Giuliani & Co., a partnership that provides an array of consulting services.
Giuliani's finances are contained in a disclosure report made public Wednesday. It is the first detailed glimpse of his vast holding and income since his term as mayor ended. Since then, Giuliani parlayed his image as an in-charge mayor during the Sept. 11, 2001, terrorist attacks into lucrative speaking fees and business enterprises.
His assets include a personal loan to of between $250,000 and $500,000 to Kenneth Caruso, a senior lawyer at Bracewell & Giuliani, and a decades-long aide to Giuliani.
Meanwhile, Democratic presidential candidate John Edwards and his wife reported $29.5 million in assets, including millions of dollars in a hedge fund he worked for part-time.
The couple also reported investment income of nearly $6 million over the past 16 months and earned income for Edwards of $1.25 million.
His biggest single source of earned income was his $479,512 salary from Fortress Investment Group, the hedge fund for which he was a consultant last year.
Edwards has made fighting poverty a signature element of his campaign. He has said his work for a fund that generally caters to the wealthiest of investors was designed to educate him about the relationship between poverty and wealth and should not overshadow his work for the poor.
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