Incoming Biden chief of staff Zients is nearly wealthy enough to buy the entire White House

The person widely reported to be President Joe Biden’s next chief of staff has just about enough assets to swap it for the entire White House, were it ever for sale.

The financial disclosure form for incoming White House chief of staff Jeffrey Zients lists assets ranging in value between $89 million and $442 million. That form is based on data as of May 2022, from his previous role at coordinator of the COVID-19 response. Zients according to the Associated Press, the Washington Post, and other outlets, will replace Ron Klain as White House chief of staff.

Zillow Z, +3.23% lists the valuation of the White House at $481 million, though of course 1600 Pennsylvania Avenue is not for sale.

The disclosure form lists a mix of funds, including such broad based investments such as the SPDR S&P 500 ETF Trust SPY, +1.86% and the Vanguard Total Stock Market VTSAX, +1.93% index fund. Other funds he held invested in bonds and gold.