Jeff Zients, or Jeffrey Dunston Zients, is a famous American businessman and politician. During the presidency of Barack Obama, he became a household name. Between January 2021 until April 2022, he worked as the President’s Counselor and the White House’s Coronavirus Response Coordinator. In this article we will discuss everything we know about Jeff Zients Wealth.
Jeff Zients Wealth
If the White House were ever up for sale, the person commonly believed to be President Joe Biden’s next chief of staff would have just enough money to buy it outright.
According to his financial disclosure form, new White House chief of staff Jeffrey Zients has assets worth between $89 million and $442 million. Based on his former position as coordinator of the COVID-19 response, statistics from May 2022 are used to fill out that form. Multiple news organisations have reported that Zients will succeed Ron Klain as chief of staff in the White House.
The White House is not for sale, but Zillow Z, -5.31% estimates a price of $481 million for it.
Diverse funds, including market-capitalization-weighted ones like SPDR S&P 500 ETF Trust SPY, +0.04% and total-market funds like Vanguard Total Stock Market VTSAX, +0.01%, are listed on the disclosure form. Besides stocks, bonds, and gold, he also had a good amount of cash on hand.
Zients began his professional career as a consultant with Bain & Co., and afterwards had a similar position at Mercer Management Consulting. Furthermore, he formerly served as chief executive of the Advisory Board Company, a healthcare consulting firm that is now a division of UnitedHealth UNH, +0.18%.
Groups like the Revolving Door Project have criticised Zients because of his enormous income, claiming that he became “astonishingly rich by profiteering in healthcare.” Allegations of Medicare and Medicaid fraud were settled for millions of dollars by companies that he either managed or invested in.
Zients served as acting director of the Office of Management and Budget and director of the National Economic Council at the White House during President Obama’s tenure. After an unsuccessful rollout, he was a part of the team that helped lead the effort to fix the Healthcare.gov website. You can also read January 6 Trump White House.
Biden Appointed Zients To Lead The COVID Administration
After being elected, Biden recognised that combating COVID-19 would be a major priority. The coronavirus was a big issue in the 2020 election, and when Biden took office, vaccines were just starting to be made available to deal with the problem. Because of the impact of the pandemic, the economy he inherited was teeming with uncertainty.
Joe Biden's next Chief of Staff, Jeff Zients, made $90 million working for healthcare companies that were guilty of Medicare and Medicaid fraud. The only path to universal healthcare is by eradicating the Democratic Party electorally.
— Prof Zenkus (@anthonyzenkus) January 25, 2023
Biden has placed his response operation in the hands of Zients, the former acting head of the Office of Management and Budget. Under President Biden, Zients oversaw the administration’s reaction to the deadly epidemic and made crucial decisions. You may also like Trump White House Attorney Disputes.
Zients Is An Obama World Veteran With An Extensive Private Sector Background
After handling various positions, Zients founded the company Portfolio Logic, which manages investments. Most recently, he sat on Facebook’s board of directors and served as chief executive officer of Cranemere, a holding company. When Biden brought Zients onto the White House team, several questioned his business experience.
FLASHBACK: Joe Biden’s new Chief of Staff Jeff Zients: "For the unvaccinated, you're looking at a winter of severe illness and death—for yourselves, your families, and the hospitals you may soon overwhelm." pic.twitter.com/lY2f2Tzxab
— Steve Guest (@SteveGuest) January 22, 2023
Revolving Door Project, a progressive advocacy group, expressed fear that Biden would act as “a management consultant for the executive branch: lowering expenses, finding efficiencies, and looking at things like a businessman,” as reported by news outlets. You may also like Texas Sues Biden Over New Abortion Guidelines.
After Obama praised Zients’ “superb judgement” and “solid guidance” as chief performance officer, he appointed him interim director of the OMB in 2012. After Americans were unable to enrol in ObamaCare due to technical issues, he was put in charge of an emergency repair operation in 2013 to fix the HealthCare.gov website.
Zients Was Also An Early Investor In Call Your Mother
Residents outside of Washington, D.C. won’t care as much about this, but one of Zients’s businesses is the popular Call Your Mother bagel chain in Washington, D.C. Zients was one of the founding investors in the chain, which has seven outlets in the nation’s capital and serves “Jew-ish” food. You may also consider Supreme Court Deals Biden EPA Decision.
According to the Washingtonian, Zients’s home was used as a test kitchen for the flagship deli’s recipes. Before going to Biden’s White House, he reportedly sold his shares in the company.
To sum up it is clear that we have talked about Jeff Zients Wealth. A liberal think tank claims that all of Jeff Zients’s wealth is the result of astonishing healthcare profiteering. If you would like to know more content, please visit our website greenenergyanalysis.com.