Thursday, October 11, 2007

Big Daddy Fred reports up to $12M in acting fees


Fred Thompson’s radio, television and movie career gave him a high profile that has helped his fledgling presidential campaign.

It also made him rich — and that could provide fodder for opponents who have worked to cast the Republican as more style than substance.

Thompson, a former Tennessee senator who is perhaps best known for his role in NBC crime drama “Law & Order,” earned as much as $12.1 million since Jan. 1, 2006, from his various entertainment-related gigs, according to a report released Wednesday by the Federal Election Commission.

The report, which is mandatory for presidential candidates, lists only wide value ranges for income, assets and debts.

But it shows entertainment likely accounted for significantly more than half — and possibly as much as 75 percent — of Thompson’s income of as much as $16.5 million between Jan. 1, 2006, and last month, according to a Politico analysis.

The report pegs Thompson’s total assets at between $2.6 million and $8.3 million and lists a Washington condo worth as much as $1 million and an investment account worth between $1 million and $5 million.

In addition to the entertainment-related income, Thompson reported making as much as $1 million each from a Washington speaking agency, a British think tank, a New York investment company where he served on the board and a British reinsurance company for which he lobbied Congress.

And he accepted as much as $50,000 from a U.S. government pension. Thompson railed against the size of congressional pensions during his 1994 Senate campaign.

Thompson’s wealth is not substantial enough to allow him to substantially underwrite his presidential campaign. And it’s actually at the low end of the 2008 presidential field.
More on Politico.

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