Top White House aides' finances revealed
- Author: Leroy Wright Apr 04, 2017,
Apr 04, 2017, 6:09
Gary Cohn, the former Goldman CEO and long-time banker is worth somewhere from $252 million to $611 million, according to a financial disclosure form released by the White House on Friday.
Top officials in the Trump White House tend to be far wealthier - and therefore more entangled in businesses that could conflict with their government duties - than people in previous administrations.
The privately held consulting business of the chief strategist and former head of conservative media company Breitbart News was valued between $5 million and $25 million.
The White House has many advisers who earned millions of dollars past year, including President Donald Trump's daughter, Ivanka, whose assets combined with her husband's could exceed $700 million. The couple remain beneficiaries of the 267 real estate assets in the Kushner empire even though Kushner has stepped down from managing his family's company amid conflict of interest concerns.
Fears have been raised that interest groups or foreign governments might stay at the luxury Trump hotel in Washington in a bid to win the administration's favour.
The White House chief of staff took in more than $500,000 in salary and bonuses from the Republican Party. Like the president himself, however, they retain a financial interest in many of them. But Kushner and his wife Ivanka were seen to be still holding on to assets and investments estimated to be worth up to $US741 million.
After initial plans to work in the White House in an unofficial capacity, Ivanka Trump made a decision to become an official government employee this week.
The disclosure shows the First Daughter, who now holds the position of an assistant to the President, and her senior advisor husband made $255m (AUD) of their $970 (AUD) real estate and investment fortune a year ago.
The disclosures on Friday exposed the assets of as many as 180 senior officials to public scrutiny. Omarosa Manigault, the reality-TV star who took a job as a White House communications staffer, has a 33 percent stake in a trust worth between $1 million and $5 million established by her late fiancée, the Oscar-nominated actor Michael Clarke Duncan, who died in 2012. He runs the president's National Economic Council.
As NPR notes, the release of the disclosures are in compliance with federal ethics laws that require executive branch appointees to disclose their financial assets and reach agreements to ensure there are no ethics violations or conflicts of interest.
Trump's cabinet is also rife with riches.
Housed in the former Old Post Office Pavilion in D.C., the hotel is on a 60-year lease from the USA government.
The documents show that have at least $240 million in assets.
White House general counsel earned US$2.4 million past year as a partner at a law firm.
"The President has brought a lot of people into this administration, into this White House, in particular, who have been very blessed and very successful by this country and have given up a lot to come into the government by setting aside a lot of assets", said White House press secretary Sean Spicer who, filings showed, had assets worth between US$2.9 million and US$6.6 million.