Wednesday, May 16, 2007

Silky Pony Gets Rich Learning About the Poor

No wonder he can afford $400 haircuts.
WASHINGTON (AP) - 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.
How many hours of work did he put in for the $479,512, I wonder?

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