Instant Alert: Newly released financial disclosures show substantial assets among members of the Trump administration

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Newly released financial disclosures show substantial assets among members of the Trump administration

by David Choi and Madeleine Sheehan Perkins on Apr 1, 2017, 1:53 AM

The White House released a broad set of financial disclosures that showed the assets for as many as 180 senior officials on Friday evening.

The information outlines the sizable wealth of many members of the Trump administration which closes in on a cumulative $12 billion, according to a December Bloomberg report.

Officials including White House chief strategist Steve Bannon, and advisers Jared Kushner and Reince Priebus listed assets they held at the time they began working for the government, a little more than two months ago. Since then, staffers may have divested from some of those assets, resigned from prior jobs, or recused themselves from holdings that may potentially create conflicts of interest.

Here's a look at what the Trump administration's financial disclosures show, based on data gathered at the time they entered public service.

SEE ALSO: 'We like having our name on our buildings': Eric Trump blasts 'maddening' stories of Trump-Russia business ties

Steve Bannon

Steve Bannon, the White House chief strategist and perhaps its most controversial figure, appeared to be among the wealthiest in the Trump administration.

According to The New York Times, Bannon's biggest asset is a private consulting business that received income from multiple investments valued between $5 million and $25 million.

Bannon's disclosures also list:

  • Bank accounts valued up to $2.25 million
  • Rental properties valued at $10.5 million
  • $191,000 in consulting fees he earned from the Breitbart News Network

Source: The New York Times



Reince Priebus

Reince Priebus, the White House's chief of staff, reportedly earned $225,000 in salary and $100,000 in bonuses from the Republican National Committee in 2016.

On top of this salary, a significant portion of his earnings came about after a $450,000 equity buyout from his law firm. 

Priebus' disclosures also listed:

  • Assets between $604,000 and $1.16 million.
  • Two bank accounts worth between $300,000 and $600,000. 
  • RNC payment for his rent in Washington amounting to a little over $57,000.

Source: The New York Times, Reuters, USA TODAY

 



Jared Kushner

Jared Kushner, Trump's innovations director and son-in-law, lists two main sources of income in his financial disclosure.

According to the documents, Kushner held:

  • Nearly $6 million in employment assets and income and retirement accounts
  • A long list of nationwide commercial real estate holdings, including in Chicago, New York, and New Jersey.
  • 13 US bank accounts, the most valuable of which totaling between $1 million and $5 million. 

Kushner's disclosure also notes that he revised his holdings four times within the last two weeks — the most recent change being made on Friday, ostensibly due to his expanding role in the White House. 

Source: Politico



See the rest of the story at Business Insider


 
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