MORE THAN $50M IN ASSETS
NEW YORK: He vows to be a fresh voice in the Trump administration, but in one way he is like many of the others: he is wealthy, with a vast and complicated array of assets.
New White House communications director Anthony Scaramucci owns property and businesses worth more than $50 million (R649m), according to a financial disclosure report filed with the government’s chief ethics agency. The biggest source of his wealth is an ownership stake in an investment fund he founded, SkyBridge Capital.
The fund is being sold to a division of Chinese company HNA Group, a deal that has drawn scrutiny and dashed Scaramucci’s hopes to move to the White House earlier in the year. He was turned down as chief liaison to the business community in February.
“In any administration there are always some really extraordinary wealthy individuals, but in this White House, there are so many,” said Don Fox, who stepped down as general counsel at the Office of Government Ethics in 2013. “Their finances, their potential conflicts, become… more complicated to manage.”
Scaramucci joins a long list of former Goldman Sachs employees in the administration, including economic adviser Gary Cohn, chief strategist Steve Bannon and Treasury Secretary Steven Mnuchin.
SkyBridge accounted for a bulk of his income. In the nearly 18 months from the start of last year through to June 27, Scaramucci took in about $10m in salary and other income from the investment fund.
The financial disclosure also shows Scaramucci earned $88 461 as a contributor to Fox Business Network.
Scaramucci expressed frustration yesterday with the scrutiny of his personal holdings.
His lawyer, Elliot Berke, said his client had been advised to sell SkyBridge to avoid conflicts. – ANA-AP