White House financial disclosures: What the reports show about the Trump administration

Top staff in Trump administration worth billions, records show

Top staff in Trump administration worth billions, records show

The president's daughter and son-in-law, Ivanka Trump and Jared Kushner, led the table list as beneficiaries of real estate and investments adding up to $740 million, and continued to benefit despite their government positions now.

Others include disclosures for Steve Bannon, former Breitbart executive chairman and Trump's chief strategist at the White House, and Gary Cohn, National Economic Council director who is a former Goldman Sachs president.

Conway's filing shows that the counselor to the president earned $800,000 past year as the head of her own political consulting firm.

You can get a more detailed look into various staff's financial history from these full reports by Buzzfeed and Mother Jones. 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 previous year.

Conway gave speeches or provided political consulting services to dozens of political interest groups, mostly advocating conservative causes.

The disclosures came in a White House mass document release showing the wealth and financial assets of scores of senior staff members at the time they began government work.

The White House would like to paint this as a positive.

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The assistant to the President for intergovernmental and technology initiatives accumulated assets as a Maryland developer valued as high as US$424 million.

Most of Conway's assets, more than $31 million, are held in cash or money-market accounts, probably because she had to sell most of her investments before taking a job in the White House.

Ivanka Trump - who just days prior announced she would officially enter a federal role as an unpaid adviser to the U.S. president - will retain her stake in the Trump International Hotel, located blocks from the White House. Kushner and his father, Charles, also have liabilities worth much as $5 million to the USA unit of Israel Discount Bank. He and his wife Ivanka Trump had assets valued between $240 million and $741 million. That document showed Cohn owned nearly 23.4 million shares of Beijing-based Industrial & Commercial Bank of China Ltd.

Bannon's financial disclosure - which reflects his financial position prior to entering the White House - indicates he meant to sell his ownership share in Cambridge Analytica and Glittering Steel, pending approval of the deal by the Office of Government Ethics. He has between a $1 million and $5 million stake in Cambridge, but the disclosure said he has an "agreement in principle" to sell his investment.

All other senior White House personnel - and those earning more than US$161,755 a year - are required to submit disclosure reports. Her husband, senior aide Jared Kushner, who is also forgoing a salary, reported hundreds of real estate holdings and other assets totaling more than $700 million. Dan Scavino, director of social media for the White House, reported $300,000 income, both a salary and bonus, from his work in the same capacity on the president's campaign.

Those documents will never be made public, White House lawyers said, although the public will eventually have access to "certificates of divestiture" issued to employees who are seeking capital gains tax deferrals for selling off certain assets.

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