Trump’s special envoy sells a part to his real estate management company to avoid a potential conflict of interest.
Investing in real estate and special support of US President Donald Trump on peacekeeping issues Steve Vitkoff has sold a share of his real estate management company for $ 120 million to avoid a potential conflict of interest. Bloomberg reported it.
Witkoff’s official start date was June 30, though he started working before Trump returned to his position, helping through establishing a cease between Israel and Hamas.
The Witkoff Group LLC, the portfolio which includes elite real estate in Los Angeles, Miami Beach, West-Palm Beach and New York, is one of the six properties he estimates to over 50 million-this is the highest level of assessment that American officials can indicate.
Witkoff opened the property that costs at least 350 million dollars, though its net capital is undoubtedly greater. Other possessions worth more than $ 50 million include a real estate home in Southampton, New York, a limited liability company, the name which contains a condominium address and hotel project one high line in Chelsea, as well as a cash account with the American Bank.
Witkoff also plays part of the Spacex Ilona Mask, Cisco Systems Inc., Reddit Inc. and Uber Technologies Inc., fence funds, aircraft, motor boats and digital assets.
According to his final financial report covering 2024, Trump gained $ 57.7 million from the sale of financial tokens at World Liberty. Vitcoff did not indicate how much he earned from the company, but was known that he received $ 34 million in the form of dividends from one of his holding companies.
The media wrote that, as a rule, officials reveal the value of each owner, and not the value of the company that owns them. In Witkoff documents, this is done for some ownership, especially his broker accounts, but not for everyone.
In addition to the Witkoff Group, the document does not indicate what properties he will sell to avoid a conflict of interest. World Liberty Financial, co-founders of which are his children Zak Vitkoff and Alex Vitcoff, as well as the children of Trump Donald Trump Jr., Eric Trump and Barron Trump, can cause a conflict of interest.
Witkoff listed 77 organizations where he was holding positions, mainly in New York. He received at least $ 5,000 from Bally’s Corp. for consulting services. He also announced debts worth at least $ 31 million, which most loans for aircraft purchase. He also has a margin mark on the JP Morgan Chase Bank.
Earlier, Witkoff said the United States was striving to achieve Russian war -war war against Ukraine until the end of the year. They also want to see peace in the Middle East in Washington.
White House: Vitkoff, on behalf of Trump, warned Qatar about Israel’s attack
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.