[L]et’s try to figure out how Reid’s career in public service ended up being so lucrative. He hasn’t released his tax returns, which makes this an imperfect science, but looking at a few of his investments helps to show how he amassed his wealth. – NRO

 

 

By Betsy Woodruff at National Review Online

EXCERPTS:

Imagine that someone grows up in poverty, …. You probably wouldn’t expect him to have millions in stocks, bonds, and real estate.

 

net worth is between 3 and 10 million dollars ….

 

In 2004, the senator made $700,000 off a land deal that was, to say the least, unorthodox. …

 

He had managed to get $18 million set aside to build a bridge  …. His ownership of 160 acres of land nearby that stood to appreciate considerably from the project had nothing to do with the decision …

 

He put $10,000 into a pension fund his friend Clair Haycock controlled, to take over the 160-acre parcel at a price far below its assessed value. Six months later, Reid introduced legislation that would help Haycock’s industry,

FULL ARTICLE

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