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Linda McMahon has earned interest on millions of dollars in bonds issued to dozens of school districts, colleges, state boards and loan programs, according to ethics disclosure forms released Friday.
McMahon, President Trump’s pick to lead the Education Department, will appear before a key Senate committee Thursday for her confirmation hearing. McMahon and her husband ran the WWE for years, making millions. The lengthy disclosure document shows McMahon’s assets, employment agreements and board positions, among other details.
Before a confirmation hearing can be scheduled, political appointees must submit thorough documentation of their financial background to ensure there is no ethical conflict of interest between personal investments and their new role as a civil servant.
McMahon has agreed to divest all of her education-related interests within 90 days of being confirmed. But the magnitude of McMahon’s investments and the clear conflict it would cause with her role overseeing federal education may explain why it has taken longer than other nominees to process her clearance review and schedule a hearing.
The ethics review documents also note that McMahon will resign from her position on the board of directors for Trump Media & Technology Group—which paid her $18,400 a quarter. In addition to Trump Media, McMahon will be stepping down from her roles as treasurer of the McMahon Family Foundation, director of the Daily Caller News Foundation’s advisory council, a trustee of Sacred Heart University and chair of the board at the America First Policy Institute, a pro-Trump think tank.
Her education investments include but are not limited to $1 to $5 million bonds supporting the University of Arizona, Texas State University, the University of California system and the University of Colorado. She also holds between $1.75 and $6.5 million in bonds for the University of Connecticut, the flagship of her current state of residency.
