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Former Pennsylvania Senator Rick Santorum describes himself on the campaign trail as a frugal man of faith and limited means.
“I come from a little different background than most Republicans,” he said at a Jan. 2 town-hall meeting in Newton, Iowa, where he recalled playing as a child outside the coal mines in which his grandfather toiled.
Yet Santorum, 53, has come a long way from those gritty early days to the top tier of the Republican presidential primary race after coming in second to former Massachusetts Governor Mitt Romney in the Jan. 3 Iowa caucuses.
Since his 2006 re-election defeat, the former Pennsylvania lawmaker has gone from being one of the poorer members of the U.S. Senate to earning $1.3 million between January 2010 and August 2011. In 2007, he spent $2 million to buy a 5,000-square foot home in Great Falls, Virginia, according to property records.
Santorum’s financial rise was powered by consulting contracts with fuel producer Consol Energy Inc. (CNX), faith advocacy group Clapham Group and American Continental Group, a Washington consultancy, as well as media engagements.
“If he’s claiming he’s not an insider, this is the thing that insiders do -- after public office they cash in,” said Kent Cooper, a campaign finance expert and former Federal Elections Commission assistant staff director.
Santorum Becomes Millionaire in Six Years After U.S. Senate Loss - Bloomberg