Trump’s special envoy sells $120M stake in his company

U.S. Special Envoy to the Middle East Steve Witkoff has sold his stake in the Witkoff Group for $120 million, Bloomberg reports, citing his financial disclosure.

As noted, Witkoff made the move to avoid potential conflicts of interest between his government role and his business activities. The disclosure, filed in August, lists June 30 as the official start date of his position as Special Envoy for Peacekeeping Missions. However, Bloomberg noted that Witkoff began working with President Donald Trump’s team even before the inauguration.

The filing shows Witkoff’s declared assets exceed $350 million. Among his holdings are shares in SpaceX, Cisco Systems, and Uber Technologies. The envoy also reported debts of more than $31 million, most of which are linked to loans for the purchase of an aircraft.