According to official information published on Wednesday, the state of Rex Tillerson, the former head of the Exxon Mobile oil company, appointed by Donald Trump, the state secretary, is about $ 500 million.
Tillerson resigned himself the powers of the general manager of the company on January 1. The next week, hearings were appointed in the Senate on approval of the candidate of the Secretary of State. It is expected that they will raise questions about his business relations with Russia and how he intends to eliminate assets that create the risk of conflict of interest.
Most of the Tillerson state is contained in the Exxon Mobil shares, which he plans to sell, and transfer the remaining part of about 180 million to a confidential trust, which will pay their ownership for ten years. At the same time, as evidenced by Exxon Mobil documents, Trust is forbidden to invest in any projects that Tillerson can be related to as a Secretary of State. If he was approved by Secretary of State Tillerson, he will also be forced to leave the board of directors of research and public organizations during his work in the state apparatus and abandon the bonus of $ 7 million, which is supposed to him from the employer as a weekend.
Tillerson, according to the financial reports submitted by him, belongs to shares of companies such as Apple and JP Morgan Chase, Texas municipal bonds, a ranch near the border of Texas and Oklahoma and other real estate. In addition, he owns the securities of some competitors of Exxon Mobil, in particular Royal Dutch Shell and Total.