Biden's associate attorney general pick would be wealthiest member of administration

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With assets worth tens of millions of dollars, associate attorney general nominee Vanita Gupta is thus far the Biden administration's wealthiest political nominee that has publicly released a financial disclosure form. The disclosure of Gupta's financial interests comes as she faces a potentially rocky confirmation hearing before the Senate Judiciary Committee in the coming week. Gupta, a civil rights attorney-turned Justice Department nominee, has reported owning between $42 million and $187 million in assets and properties with her spouse in her disclosure report filed to the Office of Government Ethics.

Raj Gupta has also served on the board of the Vanguard Group, one of the biggest index fund companies, and Vanita Gupta owns between $11 million and $49 million worth of Vanguard index funds, which are commonly owned by other political appointees.

She would also not participate "personally or substantially" in matters related to companies in which she or her family hold a financial interest. Gary Gensler, Biden's pick to lead the Securities and Exchange Commission, is the second wealthiest Biden appointee to disclose their financial interests to this point. Gensler reported owning between $41 million and $119 million in various assets, comprised mostly of investment funds and brokerage accounts, along with some real estate properties in Baltimore.

 

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