Obama-era officials return to White House worth millions

ABC News:

White House financial disclosures show several officials gained massive wealth.

According to ABC News’ analysis of the most recent disclosure reports, many of Biden’s top White House officials, including Chief of Staff Ron Klain, Domestic Policy Council Director Susan Rice, National Economic Council Director Brian Deese, and coronavirus response coordinator Jeff Zients, have substantially multiplied their wealth over the past few years.

Rice, who is among the wealthiest members of the Biden White House team, dramatically increased her wealth since her previous White House job during the Obama administration, reporting between $36 million and $149 million in various assets in her new disclosure filing released Saturday morning.

That’s nearly three to four times the amount she reported back in 2009, when she joined the Obama administration as the ambassador to the United Nations. Back then she reported total wealth between $13.6 million and $40.4 million, and the figure didn’t increase dramatically when she served as President Barack Obama’s national security advisor during his second term.

In her most recent filing, Rice reported holding shares worth between $250,000 and $5 million in major corporations including Johnson & Johnson, Apple and Microsoft. She also had a significant amount of stock options in Netflix, where she served as a board member, and reported earning more than $300,000 from exercising Netflix stock options in the past year. In addition, she reported shares in several oil and gas industry companies, including $1 million to $5 million of holdings in the Canadian multinational natural gas distribution company Enbridge Inc.

More at ABC News

Buy on Amazon!