Ex-Mayor Rahm Emanuel Japan ambassador financial disclosure report: Made $13 million since leaving Chicago's …

chicago.suntimes.com
4 min read
fairly difficult
Former Mayor Emanuel's nomination to be ambassador to Japan has no significant opposition.
WASHINGTON — Former Mayor Rahm Emanuel has made about $13 million since leaving City Hall in May 2019, according to financial disclosures filed in connection with his nomination to be the next U.S. ambassador to Japan.

Emanuel's personal financial disclosure report comes as no significant opposition to his nomination has developed in the seven months or so since its been known that President Joe Biden intended to tap him for the Tokyo spot. The White House is confident he will be confirmed.

No date for a confirmation hearing has been set. In the meantime, the disclosure shows Emanuel's ability to quickly make money in the private sector — the second time he's been able to accumulate millions of dollars in a few years before returning to a government post.

When Emanuel left the Clinton White House in 1999, he earned at least $16 million at the investment banking firm of Wasserstein Perella before launching his first run for Congress in 2002.

On July 20, 2019, Emanuel, a few weeks after wrapping up two terms as mayor, became a senior adviser to Centerview Partners Advisory Holdings, an investment banking firm.

His income from Centerview amounted to $12,094,418, according to Emanuel's disclosure.

Centerview, on its website describes itself as a firm providing "advice on mergers and acquisitions, financial restructurings, valuation, and capital structure to companies, institutions and governments."

Though Emanuel continues to participate in City Hall's Municipal Employee Annuity and Benefit Fund, he does not receive any benefits.

The disclosure shows how Emanuel,…
Lynn Sweet
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