The Washington Post

Newt Gingrich’s personal finance report out: Tiffany’s credit line closed

Former House Speaker Newt Gingrich speaks at a news conference on Thursday, March 3, 2011 in Atlanta. (AP Photo/Mike Stewart) (Mike Stewart/AP)

The document confirms that Gingrich closed his interest-free credit line at Tiffany’s. The Post reported last month that Gingrich had a second 2010 credit line of $500,000 to $1 million at the jewelry company. In May, personal financial disclosure forms for Gingrich’s wife, Callista, showed that the family had carried a line of credit ranging between $250,000 and $500,000 at Tiffany’s during 2005 and 2006.

Gingrich’s campaign has been struggling since its inception. Profligate spending was a factor in the mass exodus of many of his staffers early in the campaign, and employees worried that the Tiffany’s spending in particular would hurt Gingrich’s bid.

The disclosure also shows a convertible promissory note worth at least $5 million and as much as $25 million from the Gingrich family of companies, Gingrich Group LLC,  to the documentary production company his wife Callista runs, Gingrich Productions.

The purpose of the promissory note is unclear. The company has produced public policy and history documentaries for film, including recently A City Upon a Hill, America at Risk, Nine Days that Changed the World, Ronald Reagan: Rendezvous with Destiny, Rediscovering God in America, Rediscovering God in America II: Our Heritage, and We Have the Power.

 Numerous former Gingrich aides and employees said that Callista Gingrich's production company was getting more of Gingrich's time and attention in recent years.

Rep. Ron Paul (R-Texas) has also released his personal financial disclosure report. Former Massachusetts governor Mitt Romney, former Minnesota governor Tim Pawlenty, former Godfathers’ Pizza CEO Herman Cain, Rep. Michele Bachmann, former Pennsylvania senator Rick Santorum, and former Utah governor Jon Huntsman all filed for extensions.

Gingrich’s full report is below. You can also read a larger version here.


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