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Trump Cabinet's First World problem: Omitting a few million here and there

Trump himself said he doesn't pay much attention to his own investments in hedge funds, mutual funds

Elizabeth Dilts | Reuters  |  New York 

US President Donald Trump’s Cabinet is worth a combined $14 billion, and they are catching flak in recent weeks for confessing an inability to keep track of their vast sums of wealth. But private bankers who work with the ultra rich say that if they had a dollar for every time a client forgot about a million, they would be, well, almost as rich as their clients. “We see it all the time,” with new clients, said Chris Walters of GenSpring Family Offices, SunTrust Bank’s branch for clients with more than $50 million in assets. “It’s not that they are ...

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First Published: Sun, January 29 2017. 01:44 IST