Democratic presidential candidate Tom Steyer has insisted publicly that he is divested from his once-extensive fossil fuel interests. But he also has hundreds of millions of dollars tied up in assets that he will not or cannot disclose.
The California billionaire filed a new personal financial accounting last week giving a broad view of his extensive assets and sources of income. But he declined to go into detail about significant segments of his investment portfolio, citing confidentiality agreements that bar him from publicly disclosing the underlying assets in which he is invested.
Those assets are worth between $370 million and $742 million, according to a Daily Beast review of the filing, which only discloses the values in ranges. The total could actually be higher than that, as four of the assets, holdings in two hedge funds and two private equity funds, are valued at more than $50 million, without an upper range (The Daily Beast pegged their values at $50 million precisely for the purposes of this analysis).
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