Zinke’s financial disclosure shows assets worth over $ 30 million
A financial disclosure record by United States House candidate Ryan Zinke on Monday shows assets worth up to $ 32.5 million and that he earned more than $ 800,000 in income in a year.
Zinke filed the disclosure on Monday after missing an earlier deadline and affirming he was not required to file the disclosure for months. Financial disclosure statements are required from any candidate running for Congress and any campaign that reaches more than $ 5,000 in fundraising within 30 days of achieving that mark, which Zinke encountered between July and September.
The disclosures also only require the candidate to report their assets and liabilities within wide ranges – putting Zinke’s total assets between $ 7.6 million and $ 32.5 million and his liabilities between $ 1.3 million and $ 5.6 million. of dollars.
Monday’s filing shows a significant increase in the combined value of assets compared to a 2018 public financial disclosure report filed by Zinke. In 2018, he declared between $ 800,000 and $ 1.8 million in assets, not including a family trust valued at over $ 1 million.
Zinke served as Home Secretary to former President Donald J. Trump, in the Montana legislature and twice as the state’s sole representative in Congress. Currently, Zinke is campaigning for the GOP primary in the state’s Western Congressional District, which was established this year to accommodate the growing population.
The bulk of his assets are properties owned by his wife, Lolita, in California, valued between $ 6 million and $ 30 million, according to the report. Also listed are properties in his hometown of Whitefish valued at up to $ 2.25 million. Two of those properties are associated with Double Tap LLC and Snow Frog LLC, a brewery and bed and breakfast that Zinke tried to open but put aside following concerns from neighbors.
Other assets include a family art and furniture collection and a car collection, both of which have doubled in value since 2018, as well as a pontoon boat, stocks and bank accounts varying in value by almost $ 1. million dollars to 1.7 million dollars. Rent payments accounted for $ 75,000 to $ 181,000 of Zinke’s income.
Since leaving the Trump administration in early 2019, Zinke has worked as a consultant. He made $ 788,000 in counseling this year, up from $ 547,025 in 2020. He also received $ 38,000 in retirement income from the US Navy.
About half of its income came from JVL Enterprises, which paid Zinke’s consultancy firm Continental Divide International $ 350,000. Other clients include the oil company Conoco Phillips, which paid CDI $ 220,000, and Cyber Range Solutions, which paid $ 50,000 in advisory fees.
The GOP house has reported liabilities ranging from $ 1.31 million to $ 5.61 million, mostly consisting of a loan to his wife between $ 1 million and $ 5 million for the Santa Barbara property. The couple also have a joint mortgage between $ 250,000 and $ 500,000 on a house in West Whitefish.
The Daily Montanan is a Helena-based nonprofit media outlet covering politics and politics statewide. It is an affiliate of States Newsroom, a national 501 (c) (3) nonprofit supported by grants and a coalition of donors and readers.