Billionaire Steve Feinberg Vows to Divest Cerberus Stake as Wealth Detailed

After spending decades largely out of the limelight, billionaire Steve Feinberg — President Donald Trump’s nominee to become No. 2 at the Pentagon — detailed his wealth for the first time and promised to divest his stake in Cerberus Capital Management, the firm he co-founded in 1992.

Over 1,827 pages and more that 10,000 individual line items, Feinberg declared his stakes in hundreds of holdings in Cerberus funds and other securities that took more than 700 pages to disclose, and listing assets worth at least $2 billion. (Trump, by comparison, detailed his sprawling empire in about 260 pages.) Feinberg, whose wealth is valued at $6.6 billion by the Bloomberg Billionaires Index, said in the US Office of Government Ethics filing that he has roles in 436 entities.