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It's interesting when extremely wealthy people enter politics, since we get ~exactly that. E.g. when Betsey Devos was education secretary, she made between $225
by mikeyouse 3y ago
It's interesting when extremely wealthy people enter politics, since we get ~exactly that. E.g. when Betsey Devos was education secretary, she made between $225M - $415M in income from her investments while in office.
Her portfolio is both as narrow and as broad as you'd expect from someone with extreme family wealth -- with huge stakes in Amway likely worth billions paying millions of dollars/year in distributions and then just all matter of other stuff; the Orlando Magic basketball team, car dealerships, fitness clubs, real estate developments, international resorts, that Boxed Water company, distilleries, closet system manufacturers, pharma manufacturers, auto suppliers.
https://www.citizensforethics.org/wp-content/uploads/2021/03/DeVos-Betsy-2021-Termination-278e-Agency-Certified.pdf https://www.citizensforethics.org/wp-content/uploads/2021/03...