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Scaramucci still stands to profit from SkyBridge from the White House
Yet another multi-millionaire Goldman Sachs alumni addition to Trumps-swamp dedicated to MakingAmerica Trump Great Again
Related: Executive Branch Personnel Public Financial Disclosure Report (OGE Form 278e): Scaramucci, Anthony
By LORRAINE WOELLERT 07/26/2017
New White House Communications Director Anthony Scaramucci
Anthony Scaramucci finally has his White House job, but he still stands to profit from an ownership stake in his investment firm SkyBridge Capital. The incoming White House communications director earned $4.9 million from his ownership stake in SkyBridge in addition to more than $5 million in salary between Jan. 1, 2016, and the end of June, when he joined the Export-Import Bank, according to a financial disclosure filed with the Office of Government Ethics. The disclosure form, which is publicly available upon request, hasn’t been previously reported. The disclosure highlights the extensive wealth Scaramucci has accumulated in his career — much like many of Trump’s other top advisers and Cabinet secretaries — and also the challenge he faces in extracting himself from the potential conflicts his investments could pose.
Scaramucci’s financial filing values SkyBridge Capital at more than $50 million and states that he owns nearly 44 percent of the firm. When the sale of the company is completed, expected to be in the third quarter of this year, he will receive “the agreed-upon purchase price for his share of the sale proceeds,” according to the filing. Bloomberg valued the Skybridge deal at between $200 million and $230 million when it was announced in January. “It’s black and white that he’s going to get money,” said Austin Evers, executive director at American Oversight, a watchdog group that focuses on transparency in government. The SkyBridge website continues to advertise Scaramucci as the firm's managing director, despite the fact that he has been a government employee for more than a month.
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Yet another multi-millionaire Goldman Sachs alumni addition to Trumps-swamp dedicated to Making
Related: Executive Branch Personnel Public Financial Disclosure Report (OGE Form 278e): Scaramucci, Anthony