White House wealth: Trump employees disclose their finances


Ms Trump and Mr Kushner resigned from all of their business activities and sold off 58 assets upon taking on jobs at the White House, but they held onto much of their sprawling global and real estate-focused empire.

Ivanka Trump's business trust is worth more than $50 million, the 54-page disclosure form filed by Jared Kushner revealed. Bannon also held bank accounts valued at up to US$2.25 million and a rental property worth as much as US$10.5 million. What is not being provided are the Office of Government Ethics agreements with those employees on what they must do to avoid potential conflicts of interest.

Ivanka Trump is keeping her stake in Trump International Hotel Washington, D.C., while she serves as an assistant to her father in the White House, financial filings show, according to The New York Times.

The disclosures made available Friday night include roughly 180 West Wing staffers, excluding the president and Vice President Mike Pence.

Since his election in November, the president's own business empire has been scrutinised by ethics experts - who say it poses major conflicts of interest.

Ethics regulations require such financial disclosures for staff working in the White House.

Kellyanne Conway, Trump's campaign chief turned advisor, earned more than $800,000, mostly for consulting services, including Mr Trump's campaign. The cycling class, similar to the SoulCycle sessions former First Lady Michelle Obama has been attending since moving out of the White House, offers more technological components to the spin workout allowing those exercising to compete with each other while tracking their metrics.

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Conway's filing shows that the counselor to the president earned $800,000 a year ago as the head of her own political consulting firm. In all, they listed assets worth between $237 million and $740 million, against liabilities ranging from $19 million to $95 million.

Trump's personal lawyer Sheri Dillon promised that the new president would "build in protections" to show that his actions "are for their benefit and not to support his financial interests". In all, Bannon disclosed assets worth between $9.5 million and $48 million, the largest being his consulting firm, Bannon Strategic Advisors (which he valued at $5 million to $25 million). Kushner's disclosure estimates that her stake in the hotel is anywhere from $5 million to $25 million.

Bannon's forms reveal numerous ties to various conservative organizations and sources funded by the family of influential Trump donors Bob and Rebekah Mercer, such as Breitbart News, which he led, along with Cambridge Analytica, a data firm used by many Republican clients. She owned stock in drug giant Pfizer, food conglomerates Kraft Heinz and Mondelez, and tobacco companies Altria and Philip Morris, according to the financial documents.

Cohn also reported more than $1 million in income from the Industrial and Commercial Bank of China; the White House has said he is in the process of divesting from that bank, as well as his Goldman holdings.

It's also important to remember the disclosures, required by law to be made public, give a snapshot of the employees' finances as they entered the White House.

Critics have voiced fear that interest groups or foreign governments might stay at the luxury Trump hotel in Washington to get in the administration's good graces.