The newly named White House communications director has earned millions from ownership stake since last year, according to his financial disclosure.
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.
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. A SkyBridge spokeswoman said Scaramucci stepped down from the executive post Jan. 17, when the company’s sale was announced. He remained an employee of the firm, collecting a salary, until starting at Ex-Im last month.
The investment firm, which Scaramucci founded in 2005, is in the process of being sold to RON Transatlantic and Chinese conglomerate HNA Group. The sale, set in motion in January when Scaramucci was shedding his holdings in anticipation of landing an administration job, has drawn the scrutiny of regulators and is taking longer than expected to close.
The interagency Committee on Foreign Investment in the United States is examining the deal to ensure that it carries no risk to national security. The panel’s review, which comes amid ramped-up scrutiny of business dealings with China, ultimately can be overruled by President Donald Trump.
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Scaramucci, a Trump fundraiser and frequent campaign surrogate whose appointment to an administration post was delayed in part because of the complicated nature of the SkyBridge sale, joined Ex-Im in June.
Ex-Im was seen as a “very temporary move,” a way to get the Trump loyalist to Washington until a higher-level position could be found, according to one White House adviser.
The bank is across the street from the White House, where Scaramucci was free to come and go thanks to security credentials that gave him 24-hour access. That allowed him to elude the detection of senior White House staffers, including chief of staff Reince Priebus.
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Scaramucci still stands to profit from SkyBridge from the White House https://t.co/C3XYuFWEdG pic.twitter.com/4qUrMe1nDv
— POLITICO (@politico) July 27, 2017
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