How Much do you think members of the Current Administration made last year?

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By Jack Kelly:

Over the weekend high-level members of the Trump administration opened their robes and released their financial holdings.

It is  kind-of like money porn as we ogle the net worth and earnings of the wealthiest administration in recent history.

Please note, for those of you, like me, that are sick of people arguing about politics, the following is merely voyeuristic leering at other peoples’ money – and nothing more or less.

Serving a career-oriented audience, it is always interesting to note the worth of high-level people and how they accumulated their assets.

“Together, 27 White House officials had assets worth at least $2.3 billion when they joined the administration,” according to a Washington Post analysis of the findings.

 

 

Let’s start with Jared Kushner (Trump’s son-in-law and confidant) and his daughter, Ivanka Trump.   In an exhaustive 54 page disclosure dossier, Jared Kushner lists his sizable assets.   Ivanka also revealed  Pages and pages  devoted to the family’s massive real estate investments. The couple have holdings valued at over $200 million.  According to the The New York Times, they “will remain the beneficiaries of a sprawling real estate and investment business still worth as much as $741 million…”.  Ivanka Trump also reports a stake in the Trump International Hotel in Washington, D.C., with her share valued between $5 million and $25 million. The filing says she made between $1 million and $5 million in profit off this stake in 2016 and part of 2017.

 

Chief Strategist,  Steve Bannon earned at least $1.4 million in the last year and held assets valued between $10.7 million and $48.6 million when he joined the administration, according to a tally by The Wall Street Journal.

 

Bannon reported income of $191,000 from his website, Breitbart News, $125,333 from Cambridge Analytica, which analyzes election data, and $61,539 from the Government Accountability Institute, a nonprofit he co-founded.  Bannon’s largest single source of income listed is just over $493,000 from Bannon Strategic Advisors, Inc. The New York Times notes:  “The disclosure suggests that Bannon Strategic Advisors served as an umbrella company for receiving fees he earned from interests in other companies such as Breitbart News, Cambridge Analytica and Glittering Steel, a company that produced the documentary “Clinton Cash”.

 

Former Goldman Sachs Chief Operating Officer and President, Gary Cohn, and the current National Economic Council director, is one of the wealthiest members of Trump’s team. He reported assets worth at least $254 million and income of at least $48.3 million over 2016 through early 2017, according to Bloomberg.

 

Cohn lists his 2016 salary from Goldman Sachs as $1.85 million with a cash bonus of $5.74 million from 2015. Adding in dividends and interest from Goldman-affiliated assets, Cohn made at least $40 million from the organization, according to the AP and CNBC. He made more than $1 million — there are no details of how much more — from dividends from the Industrial and Commercial Bank of China.

Spokeswoman, Kellyanne Conway, made nearly $850,000 in the past year and has assets worth as much as $39 million.

White House General Counsel Donald F. McGahn left a $2.4 million job last year as a partner at a law firm.

 White House chief of staff Reince Priebus received more than $500,000 in salary and bonuses from the Republican National Committee, which he led through the long and divisive presidential primary. He also earned at least $750,000 from equity buyout and partner-distribution income from the law firm Michael Best & Friedrich.

Sean Spicer, the White House press secretary, was paid $260,000 for his role as chief strategist and communications director at the Republican National Committee, and holds several real estate assets.

 

Estimates for the cumulative wealth of the Trump Cabinet by various media organizations have ranged from $6 billion to $14 billion.

 

The recent disclosures do not include such players as Commerce Secretary, Willbur Ross, who is a multi-billionaire, and Treasury Secretary, Steve Mnuchin, worth over $100 million.

 

We will keep the financial porn coming as we find new salacious details.

The post How Much do you think members of the Current Administration made last year? appeared first on Compliancex.

April 04, 2017 at 01:50AM

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