US special envoy Steve Witkoff sold his stake in the Witkoff Group for $120 million, Bloomberg reported, citing a financial disclosure.
According to the agency, Witkoff took the step to prevent a potential conflict of interest between his government role and business activities.
The declaration, submitted in August, lists June 30 as the start date for his position as the US president’s special envoy for peacekeeping missions, although he had already begun working with President Donald Trump’s team before the inauguration.
Bloomberg notes that Witkoff’s declared assets exceed $350 million, including stakes in SpaceX, Cisco Systems, and Uber Technologies. He also reported debts exceeding $31 million, primarily related to loans for an aircraft purchase.
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