The president’s pick for education secretary, Betsy DeVos, may not have the background to be a billionaire investor, according to a Wall Street Journal analysis of data from her portfolio company, Vergara.
The billionaire investor profile, which includes financial information and personal financial statements, indicates that the Michigan billionaire investor is a net worth of $1.2 billion.
That’s below the $2.9 billion billionaire profile for her husband, Steve, the son of late Michigan Gov.
Fred DeVos, the only major Republican in the Cabinet.
Betsy DeVos has been an ardent supporter of charter schools and charter schools’ critics have been trying to pressure her to withdraw support.
But her financials also provide some context for why she might be an investor.
For starters, the vast majority of her assets are in the form of money held in trust by the DeVos family.
For the next five years, the DeVos’ trust, the family trust, holds about $1 billion in cash and investments that will have to be divested.
By comparison, the assets held by the S&P 500 index are worth $1 trillion.
Betsy’s holdings in the S &C Index are also smaller, but their average value is more than $3 billion.
The S&s are a relatively small market cap and the portfolio is mostly passive investments, so the assets will need to be liquidated over time to meet the retirement needs of the family.
As a result, the portfolio will be liquid and could be subject to a substantial change in value.
For example, if the S-curve of the S500 dropped from an average of $3.25 to $2, the portfolios valuation would drop by $1,400 per share.
In other words, it could take at least a decade for the portfolio to fully reflect the value of its assets.
In addition, the SETFs are subject to federal regulations requiring investors to hold an annual minimum balance of at least $5 million, as opposed to a standard of at most $1 million.
That requirement is expected to grow to $5.5 million by 2021.
But the portfolio itself is not exempt from the regulations.
For instance, the holdings of the portfolio include stock in two publicly traded companies: Anheuser-Busch InBev, a maker of beer, and the maker of a pharmaceutical that is owned by Anheusers-Busche.
Other stocks on the portfolio have also been listed as “non-voting” stock.
Those stocks are not allowed to be sold.
They can only be transferred to another person or entity.
DeVos has said she wants to sell off the portfolio as part of her tax reform plan.
The portfolio would need to undergo a “market test” before it could be sold, which could take several years, according the Journal.
The Journal also noted that the portfolio includes the holdings and investments of four other families: the heirs of late New York City Mayor Michael Bloomberg, his wife, the former chief executive of General Motors, and his sons, who are all billionaires.
There’s also an interest in the portfolio, the Journal noted.
“A former Wall Street banker told The Wall Street Times in December that she was approached by several billionaires who said that they would be willing to buy a percentage of the holdings,” the Journal wrote.
“This raises the possibility that the Trump administration will try to pass a tax reform bill in which some of the richest people in the country are allowed to benefit from tax cuts,” the newspaper added.
The DeVos family’s net worth is far less than the wealth of the heads of state in the Trump family, according and a Bloomberg analysis of financial data from Bloomberg’s database.
The families net worth includes the assets of their spouses, sons and daughters.
The average wealth of a billionaire is $1bn, the Bloomberg data showed.
For her husband and son, it is roughly $500 million, or more than half their combined net worth.
For each of the presidents children, the average wealth is more like $150 million, less than half.
For a couple of reasons, the wealth gap between the heads and the billionaires in the billionaire investor portfolio is wider than in the wealth gaps between the president and the other members of the Trump Cabinet, according a report by the nonpartisan Center on Budget and Policy Priorities, a nonpartisan think tank.
For one thing, the median net worth for the billionaire portfolio is a mere $1m, less that the median for the entire Cabinet.
Furthermore, the billionaire investors portfolio includes assets that are largely held by Trump’s sons, Trump’s children and others.
For that reason, the financial profile for these individuals is different than that of the other presidents family members.
The median net wealth for these five Trump family members is roughly half that of all of the Cabinet members, and their average wealth would be a mere half that.