Ed Gillespie, counselor to President Bush, reported assets of between $7.86 million and $19.4 million when he began working at the White House, illustrating the wealth available to those at the top of Washington's lobbying industry.
Gillespie, 46, a former head of the national GOP, left his post at the high-powered Washington consulting and public affairs firm, Quinn Gillespie & Associates, to become a senior adviser to Bush in late June. His White House salary is $168,000.
He earned $4.75 million from the sale of his share of the firm, which he co-founded in 2000 with former Clinton White House counsel Jack Quinn, according to his newly released financial disclosure form. It employs two dozen lobbyists and other public affairs employees and billed $8.6 million over the past year, ranking it 10th among the city's influence businesses, according to The Center for Responsive Politics, a nonpartisan research group based in Washington that tracks money in politics.
Source: AP News
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