Ivanka Trump and husband's finances laid bare
- Author: Salvatore Jensen Apr 09, 2017,
Apr 09, 2017, 20:26
The White House on Friday released documents that show the wealth and assets of numerous senior administration officials, including President Trump's son-in-law and adviser Jared Kushner, chief strategist Stephen Bannon and counselor to the president Kellyanne Conway.
President Trump's daughter Ivanka and her husband, Jared Kushner, are keeping vast real estate holdings, including Ivanka's share of the Trump Hotel blocks from the White House where they are both top advisers to the new president.
The release of Cohn's financial information comes as the White House unveils as many as 180 financial disclosure reports of top ranking aides and employees.
Donald Trump may be able to claim he is expempt from many conflict of interest rules as president. But the documents will nevertheless offer a portrait into the lives of several key White House aides, especially those who came from Wall Street or have other ties to the financial industry.
White House press secretary Sean Spicer said the disclosures underscore Trump's ability to attract successful executives to his administration. That includes Goldman Sachs income, as well as a number of publicly traded stocks.
Bannon, a former executive at Breitbart News, holds assets worth between $11.9 million and $53.9 million and disclosed $1.15 million in income for 2016 and part of this year, according to the report released Friday.
They appeared much wealthier than officials in previous administrations, including Barack Obama's White House, US media reported.
Gary Cohn had an 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.
Despite raising concerns in recent months over her reportedly influential role in shaping her father's presidential agenda, Ivanka Trump won't be receiving a paycheck from the federal government and will have "increased opportunities to lead initiatives driving real policy benefits for the American public that would not have been available to her previously", a White House spokesperson said in a statement announcing her new position. They remain the beneficiaries to Kushner's family's real estate business, worth as much as $740 million.
Cohn, a former Goldman Sachs president, held assets worth at least $230 million, but many simply listed as "over $1m". Ivanka's clothing and jewelry company was valued at over $50 million, the filings show, but record her as earning no income from that entity.
But the White House required a separate request for each staffer's disclosure.
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. She reported earnings of $1 million to $5 million from the property. She is now economic adviser to the president and deputy national security adviser for strategy.
Bannon also disclosed his ownership stake worth up to $5 million in Bannon Film Industries Inc., the entertainment company that veered into political-themed documentaries, including last year's anti-Hillary Clinton documentary "Clinton Cash".