Some of the former Obama administration officials appointed by President Biden have seen their wealth increase dramatically in the past few years, and White House spokesman John Sachs has seen his fortune increase tenfold.
After President Biden took office, he appointed a number of former Obama administration officials; according to ABC News (ABC News) collated public property declarations and found that some officials in the past four years after leaving the government’s wealth has increased significantly, even several times more, and therefore also with several large enterprises have a lot of relations.
The richest member of the Biden team is the White House Epidemic coordinator Zients (Jeff Zients), whose wealth amounted to between $89.3 million and $442.8 million.
Domestic policy adviser Rice (Susan Rice) wealth is also growing rapidly, declared assets of $36 million to $149 million, three to four times the 2009 Obama appointment as ambassador to the United Nations; White House chief of staff Corleone (Ron Klain) declared assets of $4.4 million to $12.2 million, also three times the 2009.
But the most amazing is the White House economic adviser Deese (Brian Deese): in 2015, on the eve of his appointment as the Deputy Director of the White House Office of Administration and Budget (OMB), the declared assets only between $81,000 and $215,000, but now, Deese declared $2 million to $7.2 million in assets; White House spokesman Saatchi (Jen Psaki) assets of about 1.5 million, also at least ten times more than in 2009.
The source of these officials’ assets, including stocks, real estate, income from speeches or writings, etc., partly has a deeper relationship, such as Zianz owns the investment company Cranemere, is also a member of the board of directors of Facebook (Facebook), owns shares worth $1 million; Rice is a member of the board of directors of Netflix (Netflix), has a sizable stock options.
Sachs’ asset declaration shows that Sachs writes for CNN and is a consultant for WestExec, receiving $5,000 in consulting fees from Lyft and several other companies, as well as “communications consulting fees” from Qi’anzhi, the value of which is not known; WestExec is run by the current Secretary of State, Antony Bulken. WestExec was founded in 2017 by current Secretary of State Antony Blinken, and some Obama-era officials served here.
White House Deputy Chief of Staff Jen O’Malley Dillon also received consulting fees from institutional clients such as Kiwi (General Electric) and Lyft for being a founding partner of marketing agency Precision Strategies; Dillon declared an estate of between $2.2 million and $4.7 million.
According to ABC News, the filings show that some officials have taken action, such as divesting themselves of stock and other assets, but it is unclear whether these officials have completely disassociated themselves from the institutions they deal with to prevent conflicts of interest.
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