- Chip Somodevilla/Getty Images
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.
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, 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.
- Spencer Platt/Getty Images
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.
Ivanka Trump, the president’s eldest daughter and newly appointed assistant, placed her fashion-licensing brand into the Ivanka M. Trump Business Trust, which is valued at more than $50 million.
Given her new position at the White House, Ivanka’s report wasn’t available because high-ranking officials had up to 30 days after taking office to file their financial disclosures.
Her information, gleaned from husband Jared Kushner’s report, included earnings between $1 million and $5 million from her ownership stake in Trump International Hotel, located in Washington – which is estimated to be worth between $5 million and $25 million.
- Mark Wilson/Getty Images
White House Press Secretary Sean Spicer generated the lion’s share of his income during his time as the chief strategist and communications director of the Republican National Committee, where he earned $260,000.
His disclosures also listed:
- Rental income from four Northern Virginia properties, ranging between $50,000 and $165,000, with a combined value of at least $1.1 million. Family trusts and four properties in Rhode Island and Alabama – though they provide no direct income according to his financial disclosure.
Source: USA TODAY
- REUTERS/Brendan McDermid
Donald McGahn is a top Trump administration lawyer. He listed multiple employment and retirement assets, a handful of which were valued at between $100,000 and $250,000 each.
Additionally, McGahn listed:
- More than $2.4 million in partner compensation from the Jones Day law firm. Cash accounts totaling between $1 million and $5 million.
- Jim Young/Reuters
Gary Cohn, the National Economic Council’s chairman and former president of Goldman Sachs Group, was estimated to have earned $1.8 million as Goldman Sachs’ CEO.
Though that figure may already dwarf the amounts made from other staffers, he also disclosed:
- $11.2 million in cash bonuses $23.2 million from selling restricted stock $1.7 million from exercised stock options
An attorney for the White House said on Friday that though Cohn had relinquished all of his positions, he was still in the process of divesting some assets – which include hundreds of brokerage accounts, hedge funds, and partnerships.
Source: USA TODAY
- REUTERS/Kevin Lamarque
Kellyanne Conway, counselor to the president, reportedly has a multimillion-dollar portfolio.
She also earned more than $800,000 in business income prior to joining Trump’s campaign.
Her disclosures also included:
- Between $6.5 million and $31 million in cash and money market accounts. Retirement accounts worth more than $2 million.
Source: USA TODAY