Mitt Romney was born and raised in Bloomfield Hills, Michigan and then served as a Mormon missionary in France.
He received his undergraduate degree from Brigham Young University, and thereafter earned Juris Doctor/Master of Business Administration joint degrees from Harvard Law School and Harvard Business School.
Romney was heavily recruited after college and he entered the management consulting business which led to a position at Bain & Company, eventually serving as its CEO.
He was also co-founder and head of the spin-off company Bain Capital, a private equity investment firm which became highly profitable and one of the largest such firms in the nation.
As a result of this venture,by 2007 Romney and his wife had a net worth of between $190 and $250 million, most of it held in blind trusts and although retired from the company, Romney receives a passive profit share as a retired partner in some Bain Capital entities.
Romney also organized and steered the 2002 Winter Olympics as President and CEO of the Salt Lake Organizing Committee, and helped turn the troubled Games into a financial success.
Romney won the election for Governor of Massachusetts in 2002, but did not seek reelection in 2006.
During his term, he presided over a series of spending cuts and increases in fees that eliminated a projected $3 billion deficit.
Romney ran for the Republican nomination in the 2008 U.S. Presidential election, winning several caucus and primary contests, though he ultimately lost the nomination to John McCain.
In the following years he gave speeches and raised campaign funds on behalf of fellow Republicans. On June 2, 2011, Romney announced that he would seek the 2012 Republican presidential nomination.