Michael Rounds Files Wealth Disclosure as Senate Candidate

Posted April 3, 2013 at 3:03pm

Former South Dakota Governor Michael Rounds (R) has filed a personal financial report as a 2014 Senate candidate. For the period 2012 and the first quarter of 2013 Rounds received at least $437,290 in earned income. This included $227,167 in salary from Fischer, Rounds & Associates; $149,934 in directors fees from ITC Holdings Corp. (an electric transmission corporation); $40,000 from the Bipartisan Policy Council; and $18,189 from the South Dakota Retirement System. His spouse received over $1,000 from Fischer, Rounds & Associates; and over $1,000 from the South Dakota Retirement System. His assets included $5 million to $25 million in Fischer, Rounds & Associates (an insurance and real estate agency); $100,0001 to $250,000 in FRA LLC (farm); $100,001 to $250,000 in Hawk Leasing LLC; $50,001 to $100,000 in 201 LLC (aircraft ownership); and $50,001 to $100,000 in Lake Sharpe Investments LLC; among others.