The personal wealth and holdings of President Trump’s chief strategist, Stephen K. Bannon, were detailed for the first time on Friday in a filing that showed a large chunk of his income coming from right-leaning political news, film and consulting companies.
The filing was included in a huge release of financial disclosures made late Friday evening by the White House, which is obligated to make public the financial assets and income of scores of officials now serving in the Trump administration.
A conservative media impresario and producer of documentary films before joining the Trump campaign, Mr. Bannon has assets worth $11.8 million to $53.8 million, his filing showed.
Mr. Bannon disclosed more than $500,000 in income from entities linked to the hedge fund manager Robert Mercer and his daughter, Rebekah Mercer, including $191,000 from the right-leaning media outlet Breitbart News, $125,333 from a data firm called Cambridge Analytica and more than $60,000 from the Government Accountability Institute.
The Mercers are major Republican donors who were intimately involved in the shake-up of the Trump campaign last year that led to Mr. Bannon’s installment as its chief executive.
However, the most valuable asset listed on Mr. Bannon’s disclosure forms was Bannon Strategic Advisors Inc., a privately held consulting firm that was valued at $5 million to $25 million. In addition, Mr. Bannon held bank accounts valued at up to $2.25 million, and rental real estate worth as much as $10.5 million.
The disclosure reveals more than was previously known about his ties to Cambridge Analytica, where he was vice president of the board: He had a stake in the company that he valued at $1 million to $5 million, which he plans to sell.
The single most valued asset listed on Mr. Bannon’s disclosure was his stake in Bannon Strategic Advisors Inc. He reported receiving nearly $500,000 in income from the company.
The disclosure suggests that Bannon Strategic Advisors served as an umbrella company for receiving fees he earned from interests in other companies such as Breitbart News, Cambridge Analytica and Glittering Steel, a company that produced the documentary “Clinton Cash,” on which Ms. Mercer served as an executive producer, as well as ads for Republican candidates.
He listed his ownership interest in Glittering Steel as worth $100,001 to $250,000.
Mr. Bannon intends to sell his interest in Glittering Steel and Cambridge Analytica under an agreement he has with the Office of Government Ethics. He also reports that Bannon Strategic Advisors “will be going dormant” and receive only passive income from investments during his time in the White House.
Mr. Bannon disclosed receiving a $100,000 salary from an entity affiliated with Citizens United Productions, a film-production company that is run by David N. Bossie, Mr. Trump’s former deputy campaign manager. Mr. Bossie introduced Mr. Bannon to Mr. Trump in 2011. Mr. Bossie’s Citizens United received $3.5 million from the Mercer Foundation from 2012 to 2014, according to tax returns.
You can read the rest (if you want to...ewwwww) at the New York Times.