White House releases financial disclosures on Bannon & Kushner among 180 high-ranking officials
- Author: Larry Hoffman Apr 03, 2017,
Apr 03, 2017, 9:37
The documents, which USA media have uploaded online, list asset values within a range, revealed Ivanka Trump's own business empire is worth more than $50m. Together, 27 White House officials have at least $2.3 billion in assets.
Trump's chief strategist, Steve Bannon, disclosed assets between US$13 million and US$56 million including his political consultancy Bannon Strategic Advisers, worth up to US$25 million.
The White House released financial details of its staffers Friday night, including that of President Donald Trump's son-in-law Jared Kushner and daughter Ivanka Trump. Though he technically stepped down from his management positions at his family's various real estate business, he's still a beneficiary through a series of trusts.
The special assistant to the president disclosed his primary asset was a stake worth between $1 million and $5 million in TGP Securities Inc, a New Jersey investment banking firm where he worked as a managing director.
But as top advisers and aides to the president bare their finances, Trump's own disclosures remain minimal.
Democratic lawmakers have expressed concern about potential conflicts of interest for Kushner, who like Trump is a NY real estate developer.
Financial disclosures released by the White House on Friday show that senior officials were among the wealthiest people ever to join a presidential administration.
Like the president, they retain a financial interest in many of them.
Former national security adviser Michael Flynn made as much as $1.5 million previous year.
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.
White House aide Omarosa Manigualt, who starred on NBC's The Apprentice, reported receiving a wedding package from Kleinfeld Bridal that included her wedding dress, a custom veil, and accessories in exchange for an appearance on "Say Yes to the Dress".
At the request of the White House, the Office of Government Ethics prepared a report to illustrate the complexity of the task of providing guidance on what the employees must sell off.
Cohn had income ranging from $48 million to almost $77 million in the year preceding his engagement in the White House, though it could be much higher.
Analysts believe the Trump International Hotel is of particular concern because large amounts of money and time that lobbyists or foreign countries could spend there as a way to curry favor with its owners in regards to government business. A list of all staffers' reports wasn't made publicly available. Kushner resigned from more than 260 entities and sold off 58 businesses or investments that lawyers identified as posing potential conflicts of interest, the documents show.
According to Spicer, the administration's wealth is something to be "celebrated" because it shows Trump has been able to surround himself with "very blessed and very successful" people.
After the election, Mr Epshteyn joined the White House press office, working with talk shows booking Trump administration figures.
Bannon, who has advocated a brand of protectionism and populism the Trump administration adopted, disclosed at least $1.3 million in income a year ago, largely from a consulting firm and entities backed by the billionaire Mercer family.