Gingrich Closes Tiffany’s Account

by Nat Brown

I never thought I’d see the day:

Newt Gingrich has closed a revolving line of credit with luxury jeweler Tiffany & Co. of between $500,000 and $1 million, according to financial disclosures filed with the Federal Election Commission earlier this month.

The former House speaker spent the first weeks of his presidential campaign defending the existence of the Tiffany & Co. account. The disclosures do not give a date for when Mr. Gingrich closed the account. Mr. Gingrich’s campaign declined to comment.

Mr. Gingrich’s campaign has since endured the mass resignation of its senior staff and disclosures that he already owes more than $1 million to former aides and outside vendors to his campaign. The former speaker owes nearly half of that debt to a company that books private airplanes.

All presidential candidates will eventually be required to file the forms; so far, Rep. Ron Paul (R., Texas) is the only other candidate to have filed.

Mr. Gingrich’s forms show his net worth to be at least $7.2 million, according to the minimum estimate of all the assets listed.\

Full story at WSJ.

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