Our two gubernatorial candidates are famous for two business connections — Terry McAuliffe’s with an electric car company that opted to set up a plant in Mississippi instead of Virginia and Ken Cuccinelli’s with a smokeless tobacco and diet supplement company that that’s involved in a tax dispute with the state.
But where else do they put their money?
Cuccinelli’s only investment reported on his latest annual conflict of interests filing with the state was his stake in Star Scientific, which he has since sold. His $20,000 fling on the over-the-counter stock in 2010 and 2011 resulted in a net loss of $3,000, according to his recently-released tax filings and other disclosures. In a way, it shows the perils of putting all your investment eggs in one basket. He reported no real estate holdings or other business interests, beyond $30,000 earned from his book The Last Line of Defense.
McAuliffe has more than $3 million invested in Virginia state and local government bonds, including more than $500,000 in Roanoke County and Roanoke County Industrial Development Authority paper. He has stakes of more than $250,000 each in five investment partnerships, and has investments worth more than $250,000 with four mutual funds. In addition to GreenTech, he has stockholdings worth more than $250,000 in a closely held investment company and another closely held land development company. The land company operates in Florida.