Trump advisers richer than previous White House officials
- Author: Zachary Reyes Apr 01, 2017,
Apr 01, 2017, 18:17
They appeared much wealthier than officials in previous administrations, including Barack Obama's White House, US media reported.
The broad White House document release also included the assets of Gary Cohn -the former president of Goldman Sachs who heads the White House National Economic Council - and Steve Bannon, the president's chief strategist.
Exact figures are not listed, and the disclosure laws only require ranges to be reported, such as a particular asset could be listed as valued at between $1 million and $5 million. Cambridge was the main data provider for Texas Sen.
Much of Bannon's income came from Cambridge Analytica, too. The disclosures showed she is a beneficiary of a trust established by her late fiance, actor Michael Clarke Duncan, worth between $1 million and $5 million.
White House Chief of Staff Reince Priebus, earned over $500,000 as chairman of the Republican National Committee. His disclosure showed he received at least $40 million from Goldman Sachs-related dividends, interest, salary and bonuses, about half of which was in some form of stock compensation.
Kushner's disclosure also showed that he took on tens of millions of dollars of bank debt with several worldwide institutions whose interests could conflict with the interests of the U.S. administration.
Cohn reported assets of between $253 and $611 million, and income in 2016 of up to $77 million.
He has handed off control to his two elder sons, but ethics watchdogs have complained that the arrangements do not go far enough to avoid conflicts, and have urged Mr Trump to divest fully or set up a blind trust for his assets.
"I think there is an element of going above and beyond what has been done in the past to make sure that people have access to this", Sean Spicer, the White House press secretary, told reporters.
Jared Kushner and Ivanka Trump brought in up to $195.5 million.
The hotel, which is just a few blocks from the White House, has raised concerns that foreign governments or special interests groups could stay there in order to gain political favours from the Trump administration.
Ivanka agreed this week to become a federal employee and will file her own financial disclosure at a later date.
Jared Kushner's disclosure shows he took on tens of millions of dollars of bank debt in 2015 and 2016, including liabilities with several global banks whose interests could come before the Trump administration.
The account includes data about the financial life of the president's daughter, Ivanka, and her husband Jared Kushner, whose family is involved in real estate development in NY. The couple's assets combined are valued at over $700 million, according to the documents.
Financial information for most members of Trump's cabinet - as opposed to White House staff - had already been released ahead of their Senate confirmation hearings.
These financial disclosures are required by law - revealing the incomes of President Trump's inner circle in the 12 months before they began working for the government, as well as the positions they had held.