MORE THAN $50M IN AS­SETS

Daily News - - WORLD -

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

AN­THONY SCARA­MUCCI

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