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Jaime Harrison’s Years as a Lobbyist Paid Off freebeacon.com/politics/jaime…
South Carolina Democrat Jaime Harrison's financial outlook completely turned around since he joined the Podesta Group as a corporate lobbyist in 2008, according to his just-filed financial disclosure.
Harrison, now running for US Senate in South Carolina, last had to file a financial disclosure in 2008 as a high-paid staffer for Rep. Jim Clyburn (D., S.C.).
At the time, Harrison had no reportable assets and significant liabilities, disclosing credit card and loan debt together between $140,004 and $365,000
But Harrison left Clyburn's office, where he was earning a six-figure salary, in December 2008 to join the now-defunct Podesta Group, where he went on to represent the interests of a who's who of corporate giants—Walmart, BP, Bank of America, Boeing, Merck, and Google.
The work paid off, according to a new required financial disclosure Harrison submitted Monday night. Harrison, who left the Podesta Group at the end of 2016, now reports assets of up to $3.45 million.
In addition to a large and diverse portfolio consisting of stocks, bonds, and mutual fund investments, Harrison has significant money held in checking and savings accounts, and a sizable investment of between $100,000 and $250,000 in a Virginia residential rental property
The American Express debt he carried in 2008, between $25,002 and $65,000, is now gone. Aside from student loan debt he and his wife still carry, their only debt is the mortgage on the Virginia rental property.
Harrison still has between $50,001 and $100,001 in student loan debt, and his wife, who is also a lawyer, has two outstanding student loans, each between $15,001 and $50,000, but the debts are now dwarfed by his assets.
Harrison, who came under fire during his 2016 run for Democratic National Committee chairman, has been open about the role money played in his decision to leave Capitol Hill for the Podesta Group.
After he left the Podesta Group, Harrison became associate chairman of the DNC, a post that earned him a $271,813 salary last year, according to the disclosure.
"I'm no longer a lobbyist, but a lot of good Democrats are," Harrison said in 2017. "I won't participate in this blanket assassination of various folks because some members of our party don't agree with what their jobs are."
His Senate campaign has been boosted early on by contributions from lobbyists, including former colleagues at the Podesta Group.
