President-elect Donald Trump sold all of his shares in other companies in June, his spokesman told the Washington Post on Tuesday.
The transactions reportedly included shares that Trump owned in various banks, oil companies and other corporations with ongoing contracts and business deals with the U.S. government. Had Trump maintained ownership of those stocks as president, it could have presented a number of conflicts of interests — or at least the appearances of them.
Trump's stock portfolio was reportedly worth as much as $40 million. The New York City businessman sold the shares at a time when he was loaning millions of dollars in cash to his presidential campaign. The Post reported that he spent up to $66 million on his own election, although the majority of his campaign funding came from small donors.
Trump spokesman Jason Miller would not say how many shares the president-elect sold back in June or how much he sold them for.