The youngest child of a three-term governor of Michigan who ran for president in 1968, Mitt Romney was born into politics. Romney grew up in Michigan and attended Stanford before traveling to France for two years in a mission as a member of the Church of Jesus Christ of Latter-Day Saints. Romney made a fortune estimated between $190-$250 million in the business world, then made his first foray into politics in 1994, unsuccessfully challenging incumbent Sen. Ted Kennedy, D-Mass. In 1998, Romney was tapped to run the Salt Lake City Olympics after scandal left the games on the brink of disaster. Romney parlayed his Olympic turn into a successful return to Massachusetts politics. Romney decided against running for reelection in 2006 and formally announced his bid for the White House in February 2007.