Top Trump economic adviser lists at least $252M in assets: WH

Top Trump economic adviser lists at least $252M in assets: WH
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Gary Cohn, the former Goldman Sachs president who is one of President Trump’s top economic advisers, reported at least $252 million in assets at the time he entered the White House, according to an ethics filing released Friday.

The total puts Cohn among the wealthiest employees in the White House, which the real estate magnate-turned-president filled with figures from the business world.

Cohn, who is director of the National Economic Council, could have assets worth as much as $611 million; the government ethics form allows employees to report the values in vast ranges, such as from between $5 million and $25 million.

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The former top bank executive made at least $40 million last year in salary and bonuses, plus dividend and interest payments.

He received more than $1 million in dividends from the Industrial Bank of China. Cohn has submitted a plan to divest from the bank, and other Goldman-related holdings, to avoid conflicts of interest.

The disclosure form lists Cohn’s investment in the Chinese bank at more than $1 million, the highest category in federal financial disclosures, but a Bloomberg report puts the value of his stake at more than $15 million.

Most of Cohn’s personal assets are tied up in Goldman Sachs stock, but he also has extensive holdings in publicly traded companies and real estate.

He has invested at least $100,000 in the food and beverage conglomerate Kraft Heinz, and has the same amount in a venture capital fund run by the prominent Silicon Valley firm Andreessen Horowitz.

Other holdings in tech stocks include at least $500,000 in Microsoft, at least $50,000 in Facebook and at least $15,000 in Twitter.  

Cohn invested at least $500,000 in major tobacco companies Phillip Morris International and Reynolds American.

The longtime Goldman Sachs exec has a minimum of roughly $1.1 million in liabilities, all listed on disclosure forms as capital commitments he’s made to funds in which he’s invested.