White House stacked with millionaires, financial disclosures reveal

A month after his Election Day victory, then-President-Elect Donald Trump boasted that he wanted “people that made a fortune” to join his fledgling administration.

Financial disclosures from dozens of top White House officials released Friday night reveal an administration stacked with millionaires, whose combined net worth exceeds $12 billion.

The filings shed new light on the business webs and conflicts held by some of Trump’s most prominent aides and advisers when they entered government.

{mosads}They detail the investments, salaries and assets of Trump’s senior staff, opening the personal finances of many as 180 administration officials to public scrutiny. Trump himself, whose personal wealth is said to be in the billions, is not included in the releases. 

Among the wealthiest members of Trump’s White House are his son-in-law and senior adviser Jared Kushner, the heir to a vast real estate business, and his top economic adviser Gary Cohn, the former president of Goldman Sachs.

Jared Kushner and Ivanka Trump

Kushner and wife Ivanka Trump remain the beneficiaries of Kushner’s family’s real estate business, which is valued at as much as $740 million. The financial disclosures show that Kushner divested from 58 businesses and held as much as $90 million in personal credit lines ahead of entering his White House job in January.

Ivanka Trump is keeping her stake in the Trump International Hotel in Washington, as well, a stake that Kushner reported amounts to between $5 million and $25 million.

Gary Cohn

Cohn’s financial disclosure revealed as least $254 million in assets, and that he earned at least $48.3 million in income last year and part of this year. But he also planned to sell more than $216 million worth of stocks.

Steven Bannon

Trump’s chief strategist, the former executive chair of the far-right Breitbart News, disclosed assets worth as much as $56 million. In his Breitbart job, which he stepped down from last year when he joined Trump’s campaign, he reported income of a little less than $200,000.