McCain Releases Financial Disclosure Report
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Some land owned by Republican presidential candidate John McCain slipped in value last year, but the senator from Arizona remains a wealthy man, largely because of investments and holdings controlled by his wife, Cindy, his latest financial disclosure report showed.
All presidential candidates must file an up-to-date accounting of their finances with the Federal Election Commission. McCain released his forms late yesterday, and they show that little has changed since his last disclosure, issued in May. The forms allow him to report the value of holdings within broad ranges, making his net worth difficult to calculate with confidence. Previous reports have put it at roughly $15 million.
Most of that money stems from his wife, the millionaire daughter of an Arizona beer magnate. One tract of land McCain owns in Sedona, Ariz., was worth between $500,000 and $1 million in May, but now is listed as being worth between $100,001 and $250,000, the report showed. A McCain spokesman could not be reached last night to explain the disparity.
McCain also listed as income a 2006 deal to write a nonfiction book that is timed for release late this year. The book, whose working title is "Hard Call," is to explore "historically significant decisions" and the qualities that distinguished successful decisions from failures.
-- Matthew Mosk
