Politics

The $13-Million Man: Schuette Discloses Assets

May 25, 2018, 12:44 PM

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Bill Schuette during a Grand Rapids debate.

Republican gubernatorial candidate Bill Schuette has personal assets totalling more than $13 million, largely investments in blind trusts or property he inhereted in the U.S. Virgin Islands and Colorado, David Eggert of the Associated Press reports. 

Schuette is a stepson of the late Carl Gerstacke, who chaired the board of Dow Chemical Co.

On Thursday, he voluntarily showing the assets, AP reports:

The one-page document shows the value of investments and retirement accounts that are being kept “blind” to prevent any conflict of interests as attorney general. Schuette reported $6.5 million in the blind trusts.

He also listed “non-blind” assets held by limited liability companies in which he has full or partial membership interest – including two St. John parcels for sale for $4 million total, a one-third interest in an inherited family home on St. John shared with his two sisters and a $211,000 half-interest in another inherited home in Colorado.


Read more:  Associated Press


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