Billionaire presidential candidate Tom Steyer releases tax returns with key omissions

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Billionaire presidential candidate Tom Steyer releases tax returns with key omissions
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Tom Steyer made nearly $1.2 billion in gross income over the course of nine years, according to personal tax returns he released in August

Democratic presidential candidate Tom Steyer made nearly $1.2 billion in gross income over the course of nine years, according to personal tax returns he released Thursday.

The Steyer campaign posted the tax returns on a web page titled “Transparency,” but did not disclose the omission of scores of pages that detail hundreds of millions of dollars of investments. The returns, released one day after Steyer failed to qualify for the Democratic debate in September, include the final four years he was the head of Farallon Capital Management, the high-risk investment pool for big investors that he founded in 1986.

The couple, who have pledged to give away most of their wealth in their lifetime, donated $190 million to charity during those nine years, according to the summary written by the campaign.Before becoming a presidential candidate, Steyer was an environmental and political activist and one of the Democratic Party’s largest donors.

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