Montana Gov. Gianforte continues to rake in outside income as he seeks a second term

BILLINGS, Mont. (AP) — Montana Republican Gov. Greg Gianforte reported more than $23 million in income over four years ending in 2022, as the former technology executive who is seeking reelection to a second term continues to rake in money from investments, according to tax records released by his campaign.

Democrat Ryan Busse, a former firearms industry executive, is challenging Gianforte in November.

Gianforte spent more than $6 million of his own money on a failed bid for governor in 2016. After getting elected to Congress in a 2017 special election, he ran for governor again four years ago and spent more than $7.5 million defeating Democrat Mike Cooney by a wide margin, according to campaign finance reports.

So far this election cycle, he has contributed roughly $47,000 to his campaign, the reports show.

Most of Gianforte’s income since 2019 came from profits on investments, his tax returns indicate. He is paid about $120,000 a year for being governor.

Spokesperson Anna Marian Block said Gianforte was keeping a “commitment to transparency” with Montana residents by releasing his returns.

Since 2005 Gianforte has reported income of more than $265 million, according to previous disclosures. The bulk of that money came after Oracle Corp. bought Gianforte’s Bozeman-based company, RightNow Technologies, for $1.8 billion.

Democrats and Gianforte’s Republican primary opponents sought unsuccessfully in 2020 to turn Gianforte’s huge wealth into a liability, saying he wanted to buy the election.

Busse’s campaign declined to release his tax returns.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.