White House Financial Disclosures Detail Wealth, Assets Of Staffers

Ms. Trump, the elder daughter of the president who this week took a top role in the administration, also maintains partial ownership of the Trump International Hotel in Washington, D.C., which operates out of a historic post office owned by the US government.

President Trump's daughter Ivanka and her husband, Jared Kushner, have assets valued between $240m and $740m (£191m- £590m).

According to financial disclosure forms which became public, the combined net worth of senior staff in the White House is an astounding $12 billion.

The disclosed documents provide a snapshot of each appointee's holdings as they took office.

The White House on Friday held up the affluence of its staffers as a badge of honour.

Goldman Sachs COO Gary Cohn arrives at Trump Tower in NY, for a meeting with President-elect Donald Trump, Nov. 29, 2016.

Even before being named counselor to the president, Conway was worth as much as $40 million, derived mostly from her investments and her salary at her personal political consulting firm, "the polling company/WomanTrend".

The Trump Hotel in D.C. has been the subject of a variety of ethics concerns, including the potential that foreign government officials may stay at the hotel to please the Trump administration.

- Omarosa Manigault, a former contestant on Trump's reality show "The Apprentice" and now a top aide in the White House, was given an estimated $25,000 in merchandise from Kleinfeld Bridal for an appearance on the TLC show "Say Yes to the Dress".

Ivanka Trump, who just this week formally said she would join the West Wing after serving as an informal adviser to her father, has yet to file her own disclosure forms. This means, among other things, that its members have an unprecedentedly vast web of private financial interests that could ostensibly be impacted by their influence on public policy. Other income sources for him are Bannon Strategic Advisors, a consultancy firm valued at as high as $25 million, along with Affinity Media Holdings, which could have awarded him capital gains of as high as $1 million past year. Bannon earned just under US$200,000 previous year as executive director of the Breitbart News Network before he quit to join Trump's election campaign last August. This included his ownership of an entertainment company that produced last year's anti-Hillary Clinton documentary "Clinton Cash" and a stake in Cambridge Analytica. Among the most modest members of the senior staffers, spokesman Sean Spicer lists real estate holdings valued up to 5 million dollars. Between January 2016 and March 2017 she made between $1 million and $5 million in rent or royalties from the hotel, the documents showed.

The business is worth between $1 million and $5 million, according to her disclosure statement.

Kushner was recently tapped by his Republican father-in-law to lead a new White House office that aims to use business ideas to help streamline the government, according to The Washington Post. She also gave a paid speech to Point 72 Asset Management, the firm owned by billionaire hedge fund manager Steven Cohen.

Those are not the deepest pockets in the White House though - Gary Cohn, a former president of the Goldman Sachs bank who is now head of the White House National Economic Council, detailed assets worth at least $230m.

  • Larry Hoffman