Former Obama Treasury Secretary Jacob Lew has raked in at least $14.4 million from a private equity firm since leaving the administration after refusing to crack down on a loophole in the tax code that benefits Wall Street fat cats.
Lew, who is in line to be President Joe Biden’s next ambassador to Israel, left Obama’s cabinet in 2017 to join the private equity firm Lindsay Goldberg, where he was made managing partner.
Recent disclosures — made public as part of the vetting process for those nominated for ambassador — revealed that Lew has been paid at least $14.4 million over the last year by the firm, according to independent journalist Lee Fang.
The disclosure forms do not specify the exact income, though it does note that Lew was paid between $1 million to $5 million in capital gains or dividends.
The Post has sought comment from Lew and Lindsay Goldberg.