Vanita Gupta, nominated Attorney General, is so far the richest political nominee of the Biden government who has announced a form of financial disclosure.
The announcement of Gupta’s financial interests comes as she will appear before the Senate Judiciary Committee in the coming week before a potentially rocky trial.
Gupta, a nominated civil rights lawyer nominated by the Justice Department, owned between $ 42 million and $ 187 million in assets and property with her spouse in her disclosure report filed with the Office of Government Ethics. According to her, she has earned between $ 902,000 and $ 3 million in the past year.
The largest chunks of her assets come from her shares in companies linked to her father, Raj Gupta, a corporate chairman and Wall Street financier with large corporate interests.
According to the submission, Vanita Gupta owns between $ 11 million and $ 55 million in shares of Avantor, a chemical and materials company based in Pennsylvania, for which Raj Gupta is the chairman of the board.
She also reportedly owns between $ 500,000 and $ 1 million worth of shares in Aptiv, a U.S.-Irish-British car-based company headquartered in Dublin, Ireland, which is also chaired by Raj Gupta.
According to the report, Gupta also owns between $ 950,000 and $ 2 million in entities affiliated with the private equity firm New Mountain Capital, for which her father served as a senior adviser. Raj Gupta also served on the board of directors of the Vanguard Group, one of the largest index fund companies, and Vanita Gupta owns between $ 11 million and $ 49 million in Vanguard index funds, which are commonly owned by other political appointments.
She owns many of these assets through family trusts she controls, except for between $ 5 and $ 25 million in Avantor, $ 500 to $ 1 million in Aptiv and six figures in New Mountain Finance Co. which is under a brokerage account.
In her ethical agreement provided by the Biden Transition Team, Vanita Gupta writes that she will retain her financial interests in the companies but will resign from her position as co-trustee of her family trust.
Nor would she “personally or materially” engage in matters relating to companies in which his or her family has a financial interest.
She also wrote that she would not be involved in matters related to companies in which her father holds leadership roles, including Avantor and Aptiv.
A spokeswoman for Biden’s transition team referred ABC News to her ethical agreement when asked about Gupta’s financial interests. The Justice Department did not immediately respond to ABC News’ requests for comment.
Delaney Marsco, senior legal adviser on ethics at the good government group Campaign Legal Center, says Gupta’s plan to claim herself from matters affecting the financial interests of her family and herself requires from the family interests and herself.
Gary Gensler, Biden’s choice to head the Securities and Exchange Commission, is the second richest appointment in Biden to disclose their financial interests to date. According to Gensler, he owns between $ 41 million and $ 119 million in various assets, which mostly consist of investment funds and brokerage accounts, as well as a number of real estate in Baltimore.
In tackling Gupta’s confirmation hearing, she was recently subjected to attacks by some right-wing Republicans who accused her of being radically progressive and anti-police.
The judicial crisis network opposed Gupta’s confirmation with a $ 800,000 advertising campaign entitled “Dangerous Appointee” accusing Gupta of supporting the “defund the police” movement.
Gupta, who says she has never endorsed such policies, has had several police spokespersons gather around her. The president of the fraternal order of police, Patrick Yoes, sent a letter to the legal committee last month expressing support for the nomination of Gupta.
“She has always worked with us to find a common ground, even when it seems impossible,” Yoes said. “Although our differences of opinion still exist in some cases, her candid approach has created a working relationship based on mutual respect and understanding.”
And a separate group led by GOP has launched a $ 1 million Confirm Gupta campaign highlighting Gupta’s dual support in TV commercials in Maine, Alaska, West Virginia and other states whose senators key to her confirmation may be.