* The Tribune has a story on Bruce Rauner’s wealth…
“Bruce has never let his success change him,” declares the campaign’s official bio. “He still drives a 20-year-old camper van, wears an $18 watch, and stays in the cheapest hotel room he can find when he’s on the road.”
But while Rauner may have a bargain-basement Timex on his wrist, his real estate portfolio is pure Rolex.
* Illinois Review helpfully compiled the nine Rauner homes into a handy list…
* A New York penthouse on Central Park in a century-old Beaux Arts style building known as The Prasada, which they paid $10 million for eight years ago, and now worth possibly $48 million.
* An oceanfront home in Key Largo, Fla., currently worth almost $7 million.
* A farm in Wyoming where he grows barley, alfalfa and winter wheat
* His New Moon Ranch in Livingston, Mont with a 6,000-square-foot home valued at $2.2 million
* A condominium in the luxury Deer Valley Resort in Park City, Utah, east of Salt Lake City valued at $1.75 million
* Two condominium units on East Randolph Street in Chicago’s Loop. Records show Rauner paid more than $1.2 million for the smaller one, $4 million for the other.
* A second ranch in McLeod Montana.
* A Winnetka house estimated at $3.3 million, the property the Rauners consider their primary residence, on which they paid $64,337.84 in property taxes this year.
* More from the Trib piece…
Rauner, 57, who describes himself as just a middle-class kid “who worked his fanny off,” grew up mostly in upscale North Shore suburbs. His father was a vice president at electronics giant Motorola.
The watch stuff I can take because it appears to be real. The myth about his hard scrabble upbringing is just goofy, however.
* Meanwhile, the Sun-Times looks at the history of wealthy candidates…
With the exception of former U.S. Sen. Peter Fitzgerald — the Illinois Republican who self-financed his campaign and spent one term in Washington — a good number of millionaire statewide candidates who attempted to fund their own campaigns, in whole or in part, have suffered sound defeats.
There are common pitfalls: They’re too touchy and too stuffy. Many, having been CEOs, are not used to taking orders, not willing to get in a room with voters or not willing to listen to expert staff, particularly when it’s the candidate’s own money on the line.
They’re rigid enough for business but lack warmth needed on the campaign trail.
“If you wrote a sentence about any of those guys, would the word ‘charisma’ be in it?” said Paul Green, director of the Institute for Politics at Roosevelt University.
Green said millionaire candidates often fly off the handle at debates and crumble under criticism.
“When everyone’s telling you ‘yes’ your entire adult life, you develop an awfully thin skin,” Green said. “It develops because they’re used to people kissing their butt.”
Except that really doesn’t apply to Rauner. He seems to be enjoying himself out there.
* Also this…
Gidwitz spent $4 million of his own money and raised another $5 million. In the end he got roughly 75,000 votes.
Rauner has already raised over $4 million from people other than himself. Rauner has far greater appeal to donors than Gidwitz did.