John Edwards reminds us about his “two Americas”…
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.
And the lesson he learned? It’s a hell of a lot nicer being wealthy than poor.
Thanks, Daniel for pointing out my error. I inadvertently claimed Edwards was still in Congress while he worked at the hedge fund. I apologize for the error.