White House Press Secretary Spicer Owns Millions in Real Estate in RI, Virginia and Alabama
Sunday, April 02, 2017
Late on Friday, the White House released Executive Branch personnel public financial disclosure reports.
GoLocal reviewed White House Press Secretary Sean Spicer’s disclosure form, and found that the 45-year-old Barrington native has a net worth nearing as much as $10 million, with much of his wealth being in real estate. Spicer's real estate is worth as much as $6 million.
The administration of President Donald Trump is considered the wealthiest in American history - according to multiple press reports, the net worth of the cabinet exceeds $14 billion. Trump is reported to be worth as much as $10 billion.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTREAD THE DISCLOSURE FORM BELOW
Rhode Island Real Estate
The public disclosures reports give a range of values for assets.
For Spicer’s Rhode Island real estate holdings, there are three separate properties listed. A commercial property in Newport, RI that is valued at $250,001 to $500,000; a residential property in Barrington valued at $500,001 to $1 million; and a residential property in Middletown is valued $250,001 to $500,000.
Thus, the three RI properties are valued at between $1 million and $2 million.
He reports owning two commercial real estate properties valued combine between $500,000 and $1 million and in Virginia, Spicer owns four different properties valued at between $1.1 million and $2.25 million.
Spicer also reported millions in retirement and stock holdings. His largest individual stocks are McDonalds ($50,001 to $100,000), followed by Coca-Cola, Verizon and AT&T all at between $15,001 and $50,000.
He is also the potential or future beneficiary of two family trusts - one assigned to his wife and the other to his mother. The value of one of those trusts is between $500,001 and $1 million. The other is not valued.
