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By THE NEW YORK TIMES
MARCH 31, 2017
The Trump administration released the financial disclosure forms from members of the White House staff. Here is some of what they reveal.
■ The disclosures include the complicated assets of Ivanka Trump and Jared Kushner, President Trump’s daughter and son-in-law, who retain vast business holdings.
■ Stephen K. Bannon, the president’s senior adviser, made as much as $2.3 million last year.
■ Gary Cohn, the director of the National Economic Council and the former No. 2 executive at Goldman Sachs, has assets valued at $252 million to $611 million.
■ Mr. Bannon and Mr. Cohn, who both have past ties to Goldman Sachs, nonetheless took very different paths to their fortunes. Read more »
Gary Cohn, a former Goldman executive, is among the wealthiest White House employees.
Mr. Cohn, who until late last year was the No. 2 executive at the investment bank Goldman Sachs, has assets worth $252 million to $611 million, according to a disclosure filing released Friday. That makes Mr. Cohn, now the director of the National Economic Council and a central adviser to Mr. Trump, one of the wealthier members of the already-affluent Trump administration, which includes more than one billionaire.
In addition to the many millions of dollars in cash and stock Mr. Cohn received from Goldman Sachs that made up the lion’s share of his personal assets, he held a slew of positions in publicly traded stocks — many of which he has already said he plans to sell — and in various private entities. Those entities include a stake valued at more than $1 million in a consumer education and consulting business called Payoff, a position in a cosmetics retailer also valued at more than $1 million, investments in several self-storage concerns in Ohio valued at $100,000 or more each, and an investment in a venture capital fund run by Andreessen Horowitz, the Silicon Valley powerhouse, valued at $100,000 or more.
Bannon made between $1.3 and 2.3 million last year.
Mr. Bannon may be one of the best known figures in the Trump White House, but as the Trump administration goes, he’s probably not one of the wealthiest. But by the standards of many Americans, he appears to be doing quite well.
Mr. Bannon earned at least $1.3 million and perhaps as much as $2.3 million last year, according to the disclosure report.
He disclosed $191,000 in consulting fees he earned from Breitbart News Network, the conservative media organization; $125,333 from Cambridge Analytica, a data firm that worked for the Trump campaign; and $61,539 in salary from the Government Accountability Institute, a conservative nonprofit organization. All three organizations are backed by the major Republican donors Robert Mercer and his daughter, Rebekah.
Mr. Bannon’s most valuable asset was Bannon Strategic Advisors Inc., a privately held consulting firm from which income from his other investments appeared to flow into. It was valued at $5 million to $25 million.
He also listed the value of his Bannon Film Industries at $1 million to $5 million. His bank accounts were valued at as much as $2,250,000, while he listed rental real estate valued at as much as $10.5 million.
Mr. Bannon made clear in his disclosure report that he intended to sell some of his assets, including his stake in Cambridge Analytica, the political consulting firm that sells “psychographic” profiles that it asserts can predict the personality and hidden political leanings of every American adult.
Mr. Bannon served until last summer as vice president of Cambridge’s board.
— Eric Lipton, Steve Eder and Jonathan Weisman
Ivanka Trump and Jared Kushner still benefit from their real estate empires.
■ The president’s daughter and son-in-law will remain the beneficiaries of a sprawling real estate and investment business still worth as much as $740 million, despite their new government responsibilities.
■ Ms. Trump will maintain a stake in the Trump International Hotel in Washington, D.C.
■ Mr. Kushner’s financial disclosuressaid that Ms. Trump earned from $1 million to $5 million from January 2016 to March 2017, and puts the value of her stake at $5 million to $25 million.
Gary Cohn, a former Goldman executive, is among the wealthiest White House employees.
Mr. Cohn, who until late last year was the No. 2 executive at the investment bank Goldman Sachs, has assets worth $252 million to $611 million, according to a disclosure filing released Friday. That makes Mr. Cohn, now the director of the National Economic Council and a central adviser to Mr. Trump, one of the wealthier members of the already-affluent Trump administration, which includes more than one billionaire.
In addition to the many millions of dollars in cash and stock Mr. Cohn received from Goldman Sachs that made up the lion’s share of his personal assets, he held a slew of positions in publicly traded stocks — many of which he has already said he plans to sell — and in various private entities. Those entities include a stake valued at more than $1 million in a consumer education and consulting business called Payoff, a position in a cosmetics retailer also valued at more than $1 million, investments in several self-storage concerns in Ohio valued at $100,000 or more each, and an investment in a venture capital fund run by Andreessen Horowitz, the Silicon Valley powerhouse, valued at $100,000 or more.
Kellyanne Conway made over $800,000 from her consulting firm.
Kellyanne Conway, one of Mr. Trump’s top advisers, is wealthy, but modestly so when compared with some of her superrich colleagues.
Ms. Conway, a Republican strategist and pollster, made over $800,000 last year, her filing shows. As head of her own consulting firm, Ms. Conway’s clients included an assortment of conservative causes, including the National Rifle Association and the Tea Party Patriots, as well as Cambridge Analytica, the political data firm that advised Mr. Trump’s campaign. She was also paid for a speaking engagement at Point72 Asset Management, the investment firm run by the billionaire stock picker Steven A. Cohen.
Not bad for journalism.
Julia Hahn, until she went to work in the White House, was known as the 20-something reporter who filled Breitbart.com with conservative screeds. But she is also quite rich for her age.
A PNC custodial account owned by Ms. Hahn is valued at $500,000 to $1 million. And various stock funds listed on her financial disclosure are worth as much as $1.5 million.
Her work as a journalist was also nothing to sneeze at. As a reporter, she made $117,217 last year at Breitbart. On top of that, she earned $74,082 from Laura Ingraham’s radio show.
— Jonathan Weisman
■ Omarosa Manigault, a White House aide who is a longtime associate of Mr. Trump and was once a contestant on “The Apprentice,” received a wedding dress, veil and accessories valued at $25,000 in exchange for appearing on the TLC reality show “Say Yes to the Dress.”
■ Peter Navarro, Mr. Trump’s trade czar and resident China hawk, is not a wealthy man, but his salary as an economics professor at a public university wasn’t bad. According to his disclosure form, Mr. Navarro earned $240,000 in salary and bonuses from the University of California, Irvine. He also earned $10,500 for delivering a speech in November to the Casket & Funeral Supply Association of America.
■ Sean Spicer, the press secretary, reported stakes in the Coca-Cola Company, McDonald’s and several real estate investments. But, despite his much-discussed taste for cinnamon-flavored gum, he reported no investments in chewing gum companies (although he does invest in Walmart, which sells chewing gum).
■ Sebastian Gorka, a deputy assistant to Mr. Trump and a former editor at Breitbart News, reported consulting fees of $38,200 from Breitbart. He also reported royalties of $50,000 to $100,000 for his book “Defeating jihad: The Winnable War” — and also said that he signed a contract for a second book.
■ Boris Epshteyn, who served during the presidential campaign as one of Mr. Trump’s chief attack dogs and television talking heads, stills owes over $50,000 on college loans he took out more than a decade ago, his filing indicates. Recently, Mr. Epshteyn left his White House post under circumstances that were unclear.
■ Jason Greenblatt, the Trump Organization lawyer tasked with helping to bring peace to the Middle East, earned $1,025,000 in compensation from Mr. Trump’s company last year.
‘Very blessed and very successful.’
At his daily briefing on Friday, the White House press secretary Sean Spicer tried to put the best spin on the vast wealth that would be on display Friday night:
I think one of the really interesting things that people are going to see today — and I think it’s something that should be celebrated — is that the president has brought a lot of people into this administration, and this White House in particular, who have been very blessed and very successful by this country, and have given up a lot to come into government by setting aside a lot of assets. And I think it speaks volumes to the desire for a lot of these people to fulfill the president’s vision and move the agenda forward that they are willing to list all of their assets, undergo this public scrutiny, but also set aside a lot.
A Friday night document dump.
The White House disclosures fit an age-old pattern in Washington of dumping mountains of documents on Fridays, when normal people have left work and are beginning to enjoy their weekend. Not many are likely to be glued to their computers and television sets to track the wealth of White House officials.
After all, as Josh Lyman, the fictional White House deputy chief of staff on “The West Wing,” put it, “No one reads the paper on Saturday.”
A long list.
Here’s the list of the disclosure forms we’ve received so far:
Stephen K. Bannon, counselor to the president
Thomas Bossert, assistant to the president for homeland security and counterterrorism and deputy national security adviser
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Politics
Who’s Worth What at the White House: The Financial Disclosures
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By THE NEW YORK TIMES
MARCH 31, 2017
The Trump administration released the financial disclosure forms from members of the White House staff. Here is some of what they reveal.
■ The disclosures include the complicated assets of Ivanka Trump and Jared Kushner, President Trump’s daughter and son-in-law, who retain vast business holdings.
■ Stephen K. Bannon, the president’s senior adviser, made as much as $2.3 million last year.
■ Gary Cohn, the director of the National Economic Council and the former No. 2 executive at Goldman Sachs, has assets valued at $252 million to $611 million.
■ Mr. Bannon and Mr. Cohn, who both have past ties to Goldman Sachs, nonetheless took very different paths to their fortunes. Read more »
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Financial disclosure forms from White House employees are being released on Friday.
AL DRAGO / THE NEW YORK TIMES
Gary Cohn, a former Goldman executive, is among the wealthiest White House employees.
Mr. Cohn, who until late last year was the No. 2 executive at the investment bank Goldman Sachs, has assets worth $252 million to $611 million, according to a disclosure filing released Friday. That makes Mr. Cohn, now the director of the National Economic Council and a central adviser to Mr. Trump, one of the wealthier members of the already-affluent Trump administration, which includes more than one billionaire.
In addition to the many millions of dollars in cash and stock Mr. Cohn received from Goldman Sachs that made up the lion’s share of his personal assets, he held a slew of positions in publicly traded stocks — many of which he has already said he plans to sell — and in various private entities. Those entities include a stake valued at more than $1 million in a consumer education and consulting business called Payoff, a position in a cosmetics retailer also valued at more than $1 million, investments in several self-storage concerns in Ohio valued at $100,000 or more each, and an investment in a venture capital fund run by Andreessen Horowitz, the Silicon Valley powerhouse, valued at $100,000 or more
The White House advisers Stephen K. Bannon, center, and Stephen Miller, left.
STEPHEN CROWLEY / THE NEW YORK TIMES
Bannon made between $1.3 and 2.3 million last year.
Mr. Bannon may be one of the best known figures in the Trump White House, but as the Trump administration goes, he’s probably not one of the wealthiest. But by the standards of many Americans, he appears to be doing quite well.
Mr. Bannon earned at least $1.3 million and perhaps as much as $2.3 million last year, according to the disclosure report.
He disclosed $191,000 in consulting fees he earned from Breitbart News Network, the conservative media organization; $125,333 from Cambridge Analytica, a data firm that worked for the Trump campaign; and $61,539 in salary from the Government Accountability Institute, a conservative nonprofit organization. All three organizations are backed by the major Republican donors Robert Mercer and his daughter, Rebekah.
Mr. Bannon’s most valuable asset was Bannon Strategic Advisors Inc., a privately held consulting firm from which income from his other investments appeared to flow into. It was valued at $5 million to $25 million.
He also listed the value of his Bannon Film Industries at $1 million to $5 million. His bank accounts were valued at as much as $2,250,000, while he listed rental real estate valued at as much as $10.5 million.
Mr. Bannon made clear in his disclosure report that he intended to sell some of his assets, including his stake in Cambridge Analytica, the political consulting firm that sells “psychographic” profiles that it asserts can predict the personality and hidden political leanings of every American adult.
Mr. Bannon served until last summer as vice president of Cambridge’s board.
— Eric Lipton, Steve Eder and Jonathan Weisman
Ivanka Trump and Jared Kushner still benefit from their real estate empires.
■ The president’s daughter and son-in-law will remain the beneficiaries of a sprawling real estate and investment business still worth as much as $740 million, despite their new government responsibilities.
■ Ms. Trump will maintain a stake in the Trump International Hotel in Washington, D.C.
■ Mr. Kushner’s financial disclosures said that Ms. Trump earned from $1 million to $5 million from January 2016 to March 2017, and puts the value of her stake at $5 million to $25 million.
Read more from Jesse Drucker, Eric Lipton and Maggie Haberman »
Kellyanne Conway at the Capitol last month.
DOUG MILLS / THE NEW YORK TIMES
Kellyanne Conway made over $800,000 from her consulting firm.
Kellyanne Conway, one of Mr. Trump’s top advisers, is wealthy, but modestly so when compared with some of her superrich colleagues.
Ms. Conway, a Republican strategist and pollster, made over $800,000 last year, her filing shows. As head of her own consulting firm, Ms. Conway’s clients included an assortment of conservative causes, including the National Rifle Association and the Tea Party Patriots, as well as Cambridge Analytica, the political data firm that advised Mr. Trump’s campaign. She was also paid for a speaking engagement at Point72 Asset Management, the investment firm run by the billionaire stock picker Steven A. Co
Not bad for journalism.
Julia Hahn, until she went to work in the White House, was known as the 20-something reporter who filled Breitbart.com with conservative screeds. But she is also quite rich for her age.
A PNC custodial account owned by Ms. Hahn is valued at $500,000 to $1 million. And various stock funds listed on her financial disclosure are worth as much as $1.5 million.
Her work as a journalist was also nothing to sneeze at. As a reporter, she made $117,217 last year at Breitbart. On top of that, she earned $74,082 from Laura Ingraham’s radio show.
— Jonathan Weisman
Several other nuggets from the disclosures...
Omarosa Manigault at the White House in February.
PABLO MARTINEZ MONSIVAIS / ASSOCIATED PRESS
■ Omarosa Manigault, a White House aide who is a longtime associate of Mr. Trump and was once a contestant on “The Apprentice,” received a wedding dress, veil and accessories valued at $25,000 in exchange for appearing on the TLC reality show “Say Yes to the Dress.”
■ Peter Navarro, Mr. Trump’s trade czar and resident China hawk, is not a wealthy man, but his salary as an economics professor at a public university wasn’t bad. According to his disclosure form, Mr. Navarro earned $240,000 in salary and bonuses from the University of California, Irvine. He also earned $10,500 for delivering a speech in November to the Casket & Funeral Supply Association of America.
■ Sean Spicer, the press secretary, reported stakes in the Coca-Cola Company, McDonald’s and several real estate investments. But, despite his much-discussed taste for cinnamon-flavored gum, he reported no investments in chewing gum companies (although he does invest in Walmart, which sells chewing gum).
■ Sebastian Gorka, a deputy assistant to Mr. Trump and a former editor at Breitbart News, reported consulting fees of $38,200 from Breitbart. He also reported royalties of $50,000 to $100,000 for his book “Defeating jihad: The Winnable War” — and also said that he signed a contract for a second book.
■ Boris Epshteyn, who served during the presidential campaign as one of Mr. Trump’s chief attack dogs and television talking heads, stills owes over $50,000 on college loans he took out more than a decade ago, his filing indicates. Recently, Mr. Epshteyn left his White House post under circumstances that were unclear.
■ Jason Greenblatt, the Trump Organization lawyer tasked with helping to bring peace to the Middle East, earned $1,025,000 in compensation from Mr. Trump’s company last year.
‘Very blessed and very successful.’
At his daily briefing on Friday, the White House press secretary Sean Spicer tried to put the best spin on the vast wealth that would be on display Friday night:
I think one of the really interesting things that people are going to see today — and I think it’s something that should be celebrated — is that the president has brought a lot of people into this administration, and this White House in particular, who have been very blessed and very successful by this country, and have given up a lot to come into government by setting aside a lot of assets. And I think it speaks volumes to the desire for a lot of these people to fulfill the president’s vision and move the agenda forward that they are willing to list all of their assets, undergo this public scrutiny, but also set aside a lot.
A Friday night document dump.
The White House disclosures fit an age-old pattern in Washington of dumping mountains of documents on Fridays, when normal people have left work and are beginning to enjoy their weekend. Not many are likely to be glued to their computers and television sets to track the wealth of White House officials.
After all, as Josh Lyman, the fictional White House deputy chief of staff on “The West Wing,” put it, “No one reads the paper on Saturday.”
A long list.
Here’s the list of the disclosure forms we’ve received so far:
Stephen K. Bannon, counselor to the president
Thomas Bossert, assistant to the president for homeland security and counterterrorism and deputy national security adviser
James W. Carroll, senior counsel
Justin Clark, deputy assistant to the president and director of intergovernmental affairs
Gary D. Cohn, director of the National Economic Council
Conway, Kellyanne, counselor to the president
Reed Cordish, special assistant to the president for intragovernmental and technology initiatives
Makan Delrahim, deputy White House counsel
Uttam Dhillon, special assistant to the president, Ethics Compliance Team
Carlos Diaz Rosillo, director of policy and interagency coordination, Domestic Policy Council
Jessica Ditto, deputy communications director
Ann Donaldson, chief of staff to the White House counsel
John Eisenberg, N.S.C. legal adviser, and deputy counsel to the president for national security affairs, National Security Council
Michael Ellis, associate counsel
Boris Epshteyn, assistant director of communications
Helen Ferre, director of media affairs
Scott Gast, special assistant to the president, Ethics Compliance Team
George Gigicos, director of advance and operations
Robert T. Goad, education policy adviser
Sebastian Gorka, deputy assistant to the president
Alexander Gray, deputy director for the defense industrial base, National Trade Council
Jason Greenblatt, special representative for international negotiations
Stephanie Grisham, deputy press secretary
Joseph Hagin, deputy chief of staff for operations
Julia Hahn, deputy policy strategist
Vincent Haley, adviser for policy, strategy and speechwriting, Domestic Policy Council
Hope Hicks, director of strategic communications
Kenneth Juster, deputy assistant to the president for international economic affairs and deputy director of the National Economic Council
Katsas, Gregory, deputy counsel to the president
Joseph K. Kellogg, Chief of Staff and Executive Secretary, National Security Council
Shahira E. Knight, special assistant to the president for tax and retirement policy, National Economic Council
Andrew D. Koenig, special assistant to the president and policy special assistant
Jared Kushner, senior adviser to the president for strategic planning
Gerrit Lansing, chief digital officer
Chris Liddell, director of strategic initiatives for the White House Strategic Development Group
Omarosa Manigault, director of communications for the Office of Public Liaison
Ashley Marquis, chief of staff of the National Economic Council
John McEntee, personal aide to the president
Kathleen McFarland, deputy national security adviser
Donald F. McGahn, counsel to the president
Bill McGinley, associate counsel
Stephen Miller, senior adviser to the president for policy
Peter Navarro, director, National Trade Council
Reince Priebus, chief of staff
Marc Short, director of the office of legislative affairs
Sean Spicer, press secretary
Reporting was contributed by Eric Lipton, Barry Meier, Rachael Abrams, Sarah Cohen, Jeremy Bowers, Andrew Lehren, Steve Eder, Jonathan Weisman, Lara Jakes and Ben Protess.
