Financial Blog

Net Worth: $52.2 million

Where he got it:

Absent 9/11, Rudy Giuliani would have very likely followed the path of other retired mayors, joining a local law firm and reeling in politically connected clients. Instead he’s become a publishing, consulting and speech-making juggernaut.

He received a $3 million advance for “Leadership,” a tome on management that appeared in 2003. He founded Giuliani Partners, a lobbying and security consulting company that paid him an income of $4.1 million in 2006.

He became a named partner at Bracewell & Giuliani, a Houston-based law firm with close ties to the energy industry. That job pays the ex-mayor another $1 million.

But Giuliani’s greatest financial triumph has been his speech-making. In 2006 he took in $11.4 million by delivering 124 talks for up to $200,000 each, one speech every three days.

Where it goes:

Giuliani’s finances partly reflect his somewhat messy personal life. Nearly $100,000 in assets are half owned by Donna Hanover, his second wife, whom he divorced in 2002. (She got a $6.8 million settlement, according to news reports.)

He has since married Judith Nathan, a former pharmaceutical sales rep. With her he shares about $11.6 million in assets, and she has assets of $2.4 million in her own name.

Giuliani’s most significant holding is his 30 percent stake in Giuliani Partners, which has some controversial clients, including the manufacturer of Oxycontin, a powerful painkiller that the government is trying to restrict. (A Giuliani spokesman said the company never discusses engagements.)

Of the couple’s nearly $28 million in investable assets, about 46 percent is in cash and 25 percent in bonds.

How he could do better:

Advisers Hugh Smith and Stewart Welch note that Old Westbury funds, in which Giuliani has invested much of his money, receive only one- to three-star ratings from fund watcher Morningstar, a mediocre record. (Top-ranked funds earn five stars. Not all Westbury funds are ranked.)

They think Giuliani would be better off if he had a manager invest in individual stocks. At his asset level, that would be a cheaper alternative to actively managed mutual funds.

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