With a fortune of millions of dollars, Associate Attorney General nominee Vanita Gupta is the richest political nominee in the Biden administration who has made a public financial statement.
Gupta’s financial interests were revealed as she faces a possible confirmation hearing before a Senate Judiciary Committee next week.
Gupta, a nominee for the Department of Justice who changed from a civil rights lawyer, registered property ownership of 42 42 million to 7 187 million in his disclosure report to the Office of Government Ethics. The filing shows that it recorded revenue of 2 902,000 to 3 3 million last year.
The bulk of his wealth comes from his shares in companies owned by his father, Raj Gupta, corporate chairman and Wall Street financier, with huge corporate interests.
According to the filing, Vanita Gupta owns તો 11 million to 55 55 million worth of shares in Avantor, a chemicals and materials company headquartered in Pennsylvania, for which Raj Gupta is the chairman of the board.
He also owned મુખ્ય 500,000 to 1 1 million in shares of Aptiv, a major American-Irish-British auto parts company in Dublin, Ireland, for which Raj Gupta also serves as chairman.
Gupta owns between 50 950,000 and 2 2 million in a private equity firm affiliated with New Mountain Capital, for which his father has served as a senior adviser, the report said. Raj Gupta has also served on the board of Index Nagard Group, one of the largest index fund companies, and Vanita Gupta owns the Vanguard Index Fund of વે 11 million and 49 49 million, which are usually owned by other political appointees.
She has a lot of assets through family trusts under her control, except for the million 1 million to 25 25 million in Avantar, 500 500,000 to 1 1 million in Optiv, and six figures from New Mountain Finance Co., which are under the brokerage account.
In her ethical agreement provided by the Biden Transition Team, Vanita Gupta wrote that she would maintain her financial interests in those companies but would resign as co-trustee of her family trust.
Companies in which she or her family has a financial interest will not be involved in “personal or significant” matters.
He also wrote that he would not participate in matters related to companies in which his father held leadership roles, including Avantor and Tivpitiv.
A spokesman for Biden’s transition team referred to his ethical agreement with ABC News when questioned about Gupta’s financial interests. The Justice Department did not immediately respond to a request for comment from ABC News.
Daphne Gupta, a senior legal adviser at Campaign Legal Center, a Washington-based good government group, said Gupta’s plan to withdraw from matters relating to his family’s financial interests and her own was particularly important.
Gary Gansler, who chose Biden to head the Securities and Exchange Commission, is Biden’s second-richest position to disclose his financial interests on the issue. Gansler reported ownership of 41 41 million and 9 119 million in various assets, most notably investment funds and a brokerage account with some real estate in Baltimore.
With Gupta’s confirmation hearing approach, he has been the subject of several recent attacks by far-right Republicans, who have accused him of being radically progressive and anti-police.
The Judicial Crisis Network opposes Gupta’s confirmation with a $ 800,000 advertising campaign called “Dangerous Appointment,” in which Gupta is accused of supporting the “defame police” movement.
Gupta, who says he has not endorsed such policies, has been surrounded by several police advocacy groups. Fraternal Order Police President Patrick Yose sent a letter to the Judiciary Committee last month endorsing Gupta’s nomination.
“She always worked with us to find common ground even when it seemed impossible,” Yose said. “Although in some cases we disagree, her open and candid approach has created a working relationship that is based on mutual respect and understanding.”
And a group led by a separate GOP has launched the 1 million “Confirm Gupta” campaign, highlighting Gupta’s bipartisan support in TV commercials in Maine, Alaska, West Virginia and other states, whose senators have confirmed. Can be key to.
