Car Czar Steve Rattner Is Really, Really, Really Wealthy

With Steve Rattner going from the private sector to serving as the Car Czar, he’s required to fill out a disclosure form, listing all of his assets. All told, here’s worth somewhere between $188-$608 million.

Zero Hedge has plucked out some of his more interesting holdings

– Between $500,000 and $1 million in Goldman stock.
– Less than $1,001 apiece in Bear Stearns Cos., Citigroup Inc., and Lehman Brothers Holdings Inc.

– Sold between $1,000,000 and $5,000,000 of LCDX10 CDS protection (long loans) on 3 occasions between October and December, 2008, and IG11 on three occasions (long investment grade credit).

– Less than $1,001 in Ford.
– Between $500,000 and $1 million in Cerberus Institutional Partners LP Series 2. (yes, the same Cerberus that owned Chrysler).
– An aeroplane, valued between $5 million and $25 million, used in an air charter business.
– A horse farm in North Salem, New York, valued at between $5 million and $25 million.
– 150,000 in General Motors Corp.’s senior secured loans using a credit-default swaps index that guarantees the secured debt of 100 companies, including GM, the filing shows.
– $105 million in various Quadrangle investments.

 

Rattner Scribd

Publish at Scribd or explore others: Creative Writing Short Stories Research maths & Engineering Magazines & Newspape magazines

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.