White House releases financial disclosures for senior officials including Kushner, Bannon, Conway
- Author: Leroy Wright Apr 02, 2017,
Apr 02, 2017, 4:59
Director of the National Economic Council and a former Goldman Sachs president Gary Cohn is registered as having assets worth at least $230m - but potentially more as many are listed as "more than $1m". Bannon also disclosed he earned slightly less than $200,000 a year ago as executive director of Breitbart News Network, before he resigned in August to join Trump's campaign.
As for Kushner, the documents also provide details about his extensive real estate holdings.
While it remains to be seen how much of their previous ventures Trump's advisers have actually given up since occupying the White House, this administration is arguably the wealthiest in USA history, with Bloomberg estimating its worth at $12 billion in December.
The documents show that 27 officials in the Trump White House had combined assets worth at least $2.3 billion when they joined the administration, according to a Washington Post analysis.
Bannon reported $191,000 in consulting fees earned from the conservative outlet Breitbart News Network, which he formerly headed, as well as more than $125,000 for work at the data firm Cambridge Analytica, which worked for the Trump campaign, and more than $61,000 in salary for a conservative nonprofit group. Cohn also reported more than $1 million in income from the Industrial and Commercial Bank of China - something the White House has said he is in the process of divesting along with his Goldman holdings.
The White House documents show that Kushner and Ivanka Trump, both officially senior advisers to the president, are still receiving income from holdings valued at between $240 million and $740 million.
Most of Conway's assets, more than $31 million, are held in cash or money-market accounts - likely because she had to sell most of her investments before taking a job in the White House.
Trump's daughter Ivanka Trump just this week agreed to serve as a government employee, triggering the need for her to file financial disclosures.
A month after his Election Day victory, then-President-Elect Donald TrumpDonald TrumpTrump sends letter to Vietnam leader promoting better ties Trump signals deeper United States involvement in Yemen Drudge: Trump should do an interview with Oprah MORE boasted that he wanted "people that made a fortune" to join his fledgling administration.
Conway earned, through her company, slightly more than $800,000 in business income for her work in 2016.
The interests include a stake in Trump International Hotel, which earned Ivanka Trump between $1m and $5m previous year.
He also had between $3.3m and $12.6m in assets. "These are the holdings that everybody had at the time when they came into office".
Since his election in November, the president's own business empire has been scrutinised by ethics experts - who say it poses major conflicts of interest.
One of Bannon's employees at Breitbart - now his top lieutenant in the White House - has assets that could be worth as much as $2.3 million.
Critics have noted that interest groups or foreign governments could stay at the luxury hotel to get in the administration's good graces.
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.