BY ALAN PYKE
POSTED ON
Illinois gubernatorial candidate Bruce Rauner (R) made part of his fortune from investments in a Caribbean tax haven, the Chicago Sun-Times reports. But because Rauner won’t release details on his tax filings it is impossible to tell just how much of his wealth comes from those offshore accounts.
The newspaper found five Cayman Islands-based investment funds among the dozens of income sources Rauner listed on state disclosure forms last year. Three of the five are funds set up by the private equity firm Rauner founded. Two others, including one that manages money for a large public pension fund in Illinois, are run by separate firms.
While Rauner’s income from each fund could be as low as $5,000 — the threshold for disclosure on the state forms — a more realistic guess would be in the millions of dollars.