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Geithner Assets Much Lower Than Paulson's
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Treasury Secretary Timothy Geithner is no Hank Paulson when it comes to his personal finances. Geithner's financial disclosure filing shows he has assets valued at between $740,000 and $1.7 million.
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AP Treasury Secretary Timothy Geithner |
His biggest asset is partial ownership of property on Cape Cod in Massachusetts valued between $250,000 and $500,000.
Former Treasury Secretary Henry Paulson, a 32-year veteran of investment firm Goldman Sachs, had an estimated net worth of more than $700 million when he joined the Bush administration in 2006.
To obey conflict of interest rules, Paulson agreed to sell over 3.2 million shares of stock in Goldman Sachs that were valued at more than $480 million in the summer of 2006. Geithner was confirmed by the Senate on Monday.
© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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