Mitt Romney is a businessman and former Republican governor of Massachusetts. Romney’s political profile increased in the late 2000s, culminating with a failed presidential bid in 2012. Romney ran for the Republican nomination in 2008 but finished second to John McCain. In 2012, he assumed frontrunner status, and many looked for him to defeat Barack Obama. But Romney failed to break through in critical swing states and lost by 332-206 Electoral College votes. After the failed bid, Mitt Romney took a low profile but has emerged as an important fundraiser and still wields great influence in the GOP.