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WH financial disclosures: Trump advisers made millions last year

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WH financial disclosures: Trump advisers made millions last year

The publicly released files show Jared Kushner, and his wife Ivanka Trump, are holding on to scores of real estate investments as they serve in White House roles - assets which are part of a portfolio worth at least $240m.

Before becoming Donald Trump's senior adviser, Kushner had to resign from 266 positions and sold off 58 businesses or investments that lawyers identified might pose a conflict of interest with Kushner's present job, according to the disclosures.

Ms Trump's lawyer, Jamie Gorelick, said her client will file the necessary financial disclosures and be subject to official ethics rules. The documents show that have at least $240 million in assets. The disclosures showed she is a beneficiary of a trust established by her late fiance, actor Michael Clarke Duncan, worth between $1 million and $5 million.

For example, Reed Cordish, assistant to the president for intragovernmental and technology initiatives, disclosed pre-White House assets of between $92 million and $798 million. This statement was in response to backlash about the ethics of the appointment of Jared Kushner, Trump's husband, to the role of senior adviser to the President.

Cohn, one of the wealthiest members of Trump's team, reported assets worth at least $254 million and income of at least $48.3 million over 2016 through early 2017, according to Bloomberg. 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.

- KT McFarland, a former Fox News analyst and now Trump's deputy national security adviser, reported more than $125,000 in income previous year from a number of speaking gigs.

The financial disclosures detail the personal finances of about 180 senior White House staffers.

He earned about $50 million in 2016 according to the filing - including a $5.4 million bonus from Goldman Sachs, the disclosures show.

The financial background of President Donald Trump aides such as Jared Kushner, Steve Bannon and Gary Cohn were coming into clearer focus Friday as the White House released financial snapshots of its employees. About $566,000 of his income came from the Republican National Committee and the rest from his partnership in a Milwaukee law firm. She had a fashion business and was involved in her father's global real estate development business, but stepped aside from managing the businesses when her father entered the White House. It was valued at between $5 million and $25 million. As the two Senate Democrats write, it's important "to determine which ethics rules apply to Ms. Trump, which disclosures she will be required to make to demonstrate her compliance, and whether her compliance with these rules will be monitored and enforced".

In a briefing before the release, White House officials stressed that "these are not the current holdings that everyone has today".

Associated Press writers Chad Day, Jack Gillum and Josh Boak contributed to this report.

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