John L. Ratcliffe
Reported Asset Values
$2.4M–$11M
The data on this page comes from a financial disclosure filed by John L. Ratcliffe, who was picked to be: Director, Central Intelligence Agency. It is part of a collection of thousands of ethics documents ProPublica has been collecting from across the Trump administration.
Roles Outside Government
Officials are required to disclose paid or unpaid positions they hold or recently held outside the federal government, including roles as officer, director, trustee or employee. (Form 278e, Part 1)
| Organization | Position held | Endnote | Line No. |
|---|---|---|---|
| AMERICA FIRST POLICY INSTITUTE | CO-CHAIR CENTER FOR AMERICAN SECURITY, 4/2021 - Present | Subsequent to the submission of this report the filer has resigned from his Co-Chair position on or before 12/31/24. | 1 |
| Blackstone, Inc. (Asset Management Firm) | CONSULTANT, 6/2024 - Present | Subsequent to the submission of this report the filer has terminated his consulting agreement 12/31/24. | 2 |
| ALL WORLD HOLDINGS, LLC (Investment Management and Wealth Management Company) | CONSULTANT, 7/2023 - 11/2024 | 3 | |
| THE HERITAGE FOUNDATION | VISITING FELLOW, 6/2023 - Present | 4 | |
| US TRINITY ENERGY SERVICES (Contractor in the Energy Sector that Specializes in the Construction of Oil and Gas Transmission Pipelines) | CONSULTANT, 9/2021 - Present | 5 | |
| OBERHEIDEN, PC | OF COUNSEL, 10/2023 - Present | Subsequent to the submission of this report, the filer has resigned from his position with the firm effective 12/31/24 and has received his fixed monthly payment for December 2024 on 12/30/24. | 6 |
| Perot Jain LP (Venture Capital Firm) | CONSULTANT, 4/2022 - Present | 7 | |
| PARADIGM OPERATIONS LP (Venture Capital Firm) | ADVISORY COUNCIL, 10/2023 - Present | 8 | |
| American Global Strategies LLC (Strategic Advisory Firm) | SENIOR ADVISOR, 6/2022 - Present | Subsequent to the submission of this report the filer has terminated his consulting agreement 12/31/24. | 9 |
| ARCTOP, INC (Cognition Technology Company) | ADVISORY BOARD, 1/2023 - Present | 10 | |
| DRILLING TOOLS INTERNATIONAL HOLDINGS, INC. | CONSULTANT, 12/2021 - Present | Subsequent to the submission of this report the filer resigned from his position on 12/31/24 | 11 |
| PACIFIC CAP ACQUISTION FUND, LLC | CONSULTANT, 6/2024 - Present | Compensation for his services on the Board the filer received stock options in HyperXLogic, Inc. See Part 2, Line item 10. | 12 |
| Latent AI (AI Software Company) | ADVISORY BOARD, 8/2022 - Present | Subsequent to the submission of this report the filer has terminated his consulting agreement on or before 12/31/24. | 13 |
| ARTICLE I LLC (Strategic Advisory Firm) | CONSULTANT, 2/2024 - Present | Subsequent to the submission of this report the filer has terminated his consulting agreement on 12/31/24. | 14 |
| SHIELD AI (defense technology company that builds artificial intelligence) | ADVISORY BOARD, 3/2021 - 6/2022 | 15 | |
| PACIFIC SPECIALTY PROPERTY AND CASUALTY COMPANY | Board of Directors, 4/2022 - Present | Subsequent to the submission of this report the filer has resigned from his board position and received his monthly payment for services on or before 12/31/24. | 16 |
| WESTERN SERVICE CONTRACT CORPORATION | Board of Directors, 4/2022 - Present | Subsequent to the submission of this report the filer has resigned from his board position and received his monthly payment for services on or before 12/31/24. | 17 |
| MCGRAW INSURANCE INC. | Board of Directors, 4/2022 - Present | Subsequent to the submission of this report the filer has resigned from his board position and received his monthly payment for services on or before 12/31/24. | 18 |
| PACIFIC SPECIALTY INSURANCE COMPANY | Board of Directors, 4/2022 - Present | Filer received income for his services on the Board of Directors for line items 16-19 through this entity. Subsequent to the submission of this report the filer has resigned from his board position and received his monthly payment for services on or before 12/31/24. | 19 |
| STARLIGHT FUTURES, LLC | President and Registered Agent, 2/2021 - Present | All of the filer's consulting fees are billed from are paid to this entity. This entity is not a party to any of the consulting agreements which the filer entered into for consulting services | 20 |
Employment Assets
Officials are required to disclose assets associated with their employment, including salary, retirement accounts, stocks, intellectual property and awards or prizes. (Form 278e, Part 2)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| AMERICA FIRST POLICY INSTITUTE | $180K | Salary | 1 | ||
| THE HERITAGE FOUNDATION | $90,000 | Salary | 2 | ||
| PACIFIC SPECIALTY INSURANCE COMPANY | $240K | Director Fees | All income in fees for line items 16-19 on Part 1 are paid through this entity | 3 | |
| OBERHEIDEN, PC | $375K | Salary/Bonus | 4 | ||
| PARADIGM OPERATIONS LP (Venture Capital Firm that invests in crypto currency) | $160K | Advisory Fees | 5 | ||
| Sep IRA | 6 | ||||
| FIDELITY GOVERNMENT CASH RESERVES (FDRXX) | $1,001 - $15,000 | None (or less than $201) | 6.1 | ||
| JPMorgan Active Growth ETF (JGRO) | $1,001 - $15,000 | None (or less than $201) | 6.2 | ||
| JPMorgan Active Value ETF (JAVA) | $1,001 - $15,000 | None (or less than $201) | 6.3 | ||
| JPMorgan Betabuilders US Aggregate Bond ETF (BBAG) | $15,001 - $50,000 | None (or less than $201) | 6.4 | ||
| JPMorgan BetaBuilders US Mid Cap Equity ETF (BBMC) | $15,001 - $50,000 | None (or less than $201) | 6.5 | ||
| JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC) | $1,001 - $15,000 | None (or less than $201) | 6.6 | ||
| JPMorgan BetaBuilders US Equity ETF (BBUS) | $1,001 - $15,000 | None (or less than $201) | 6.7 | ||
| JPMorgan Core Plus Bond ETF (JCPB) | $1,001 - $15,000 | None (or less than $201) | 6.8 | ||
| STARLIGHT FUTURES LLC | $1.2M | Salary and Draw | 7 | ||
| Blackstone, Inc. (Asset Management Firm) | $80,000 | Consulting Fees | 7.1 | ||
| BLACKSTONE, INC. (Asset Management Firm) receivable for consulting services October and November 2024 | $15,001 - $50,000 | None (or less than $201) | Subsequent to the submission of this report consulting fees for December 2024 are currently owed to the filer. | 7.1.1 | |
| ALL WORLD HOLDINGS, LLC (Investment Management and Wealth Management Company) | $75,000 | Consulting Fees | 7.2 | ||
| US TRINITY ENERGY SERVICES (Contractor in the Energy Sector that Specializes in the Construction of Oil and Gas Transmission Pipelines) | $500K | Consulting Fees | 7.3 | ||
| US TRINITY ENERGY SERVICES (Contractor in the Energy Sector that Specializes in the Construction of Oil and Gas Transmission Pipelines) receivable for consulting fees for October and November 2024 | $15,001 - $50,000 | None (or less than $201) | Subsequent to the submission of this report consulting fees for December 2024 have become due and owing to the filer | 7.3.1 | |
| Perot Jain LP (Venture Capital Firm) | $420K | Consulting Fees | 7.4 | ||
| American Global Strategies LLC (Strategic Advisory Firm) | $13,500 | Consulting Fees | 7.5 | ||
| AMERICAN GLOBAL STRATEGIES LLC (Strategic Advisory Firm) receivable for services provided 2024 | $15,001 - $50,000 | None (or less than $201) | See Part 3, Line item 5 | 7.5.1 | |
| ARTICLE I LLC (Strategic Advisory Firm) | $50,000 | Consulting Fees | 7.6 | ||
| ARCTOP, INC (Cognition Technology Company), unvested stock options | $1,001 - $15,000 | None (or less than $201) | 8 | ||
| DRILLING TOOLS INTERNATIONAL CORP (DTI) | $15,001 - $50,000 | None (or less than $201) | 9 | ||
| HYPERX LOGIC, INC., (Company that manufactures low-power, high-performance, C-programmable processors for the embedded systems market) | $100K - $250K | None (or less than $201) | 10 | ||
| LATENT AI, INC. (AI Software Company) | $100K - $250K | None (or less than $201) | 11 | ||
| SHIELD AI (defense technology company that builds artificial intelligence (AI) systems) | $50,001 - $100K | None (or less than $201) | 12 | ||
| "How US Patent Litigation Threatens National Security" paid by U.S. Manufacturers Association for Development and Enterprise, published by Daily Caller - 5/15/2024 | $3,000 | Honorarium | 13 | ||
| "How to Stop Patent Trolls from Gaining Access to Sensitive Information", paid by U.S. Manufacturers Association for Development and Enterprise, published by Dallas Morning News - 12/20/2023 | $3,000 | Honorarium | 14 | ||
| Gatestone Institute - 9/9/2024-9/10/2024 | $25,000 | Honorarium | 15 | ||
| ARCTOP, INC (Cognition Technology Company) | $1,001 - $15,000 | None (or less than $201) | 16 | ||
| ARCTOP, INC (Cognition Technology Company), vested stock options | $1,001 - $15,000 | None (or less than $201) | 17 |
Employment Agreements
Officials are required to disclose agreements relating to other jobs, including what will happen with any small businesses they own during government service and any continued health care coverage, planned leaves of absence, severance or bonuses. (Form 278e, Part 3)
| Organization | Agreement | Endnote | Line No. |
|---|---|---|---|
| Blackstone, Inc. (Asset Management Firm) | On or before December 31, 2024, I terminated my consultancy agreement with the company. Pursuant to the terms the agreement that I have with the company I am entitled to receive the balance of my consulting fees for services provided in 2024. All amounts due and owing to me are fixed. I will receive this amount within 90 days of my confirmation. (2024-06-01) | 1 | |
| US Trinity Energy Services | Pursuant to the terms of my consultancy agreement that I have with the company I am entitled to receive a fixed amount monthly for consulting services I provide to the company. Upon confirmation I will terminate the agreement and I will receive the balance of all fees due and owing to me for services provided up to the date that I terminate my agreement and services with the company. All amounts due and owing to me will be fixed as of that date. I will receive this amount within 90 days of my confirmation. (2021-08-01) | 2 | |
| Perot Jain LP (Venture Capital Firm) | Pursuant to the terms of my agreement that I have with the company I am entitled to receive a fixed amount monthly for services I provide to the company. Upon confirmation I will terminate the agreement and I will receive the balance of all fees due and owing to me for services provided up to the date that I terminate my agreement and services with the company. All amounts due and owing to me will be fixed as of that date. I will receive this amount within 90 days of my confirmation. (2022-03-01) | As of the date of filing filer was not due any fees for services. | 3 |
| PARADIGM OPERATIONS LP (Venture Capital Firm that invests in crypto currency) | Pursuant to the terms of my agreement that I have with the company I am entitled to receive a fixed amount monthly for my services on the Advisory Council. Upon my confirmation I will resign and I will be entitled to receive the balance of my fees for services provided up to the date that I resign and cease to provide services to the company. All amounts due and owing to me will be fixed as of that date. I will receive this amount within 90 days of my confirmation. (2023-10-01) | As of the date of filing there were no fees due and owing to the filer | 4 |
| American Global Strategies LLC (Strategic Advisory Firm) | In June 2022 I entered into an agreement to provide services to the company. On or before December 31, 2024, I terminated my consultancy agreement with the company. Pursuant to the terms of the agreement I am paid on a per project basis. In October 2024 I completed a project and agreed to be paid $3,000.00 per month over the course of 12 months. As of January 2025 I have received 3 payments totaling $9,000. Upon my confirmation I will continue to be entitled to receive my fixed monthly payment from the company. All payments will be received on or before October 31, 2025. (2022-06-01) | 5 | |
| Arctop Inc. (Cognition Technology Company) | Pursuant to the terms of my consulting agreement with the company as part of my compensation I was granted 5,000 shares of stock options in the company between the periods of 1/1/2023 to 12/31/2024. The options vested quarterly, at 625 option shares per quarter. As of the date of this report, I have exercised 3,750 option shares which are now private company stock. Subsequent to the submission of this report I received 5,000 vested option shares that the company granted to all members of the Board. I currently retain 3,750 shares of private company stock, 5,625 vested stock options, and 625 unvested stock options. Upon confirmation the company has agreed to permit me to divest my equity and forfeit my unvested stock options. I agree that I will complete this divestiture and forfeiture within 90 days of my confirmation. (2025-01-01) | 6 | |
| Pacific Cap Acquisition Fund LLC | Pacific Cap Acquisition Fund, LLC" ("PCAF"), is the majority owner of HyperX Holdings, LLC which in turn owns HyperX Logic, Inc. I entered into an agreement with PCAF in which I was granted company stock options in HyperX Logic, Inc., that have since vested and have been exercised. I currently own shares of HyperX Logic Inc. private stock. The company has agreed to permit me to divest my equity and I agree that I will complete this divestiture within 90 days of my confirmation. (2025-01-01) | 7 | |
| Latent AI (AI Software Company) | In August 2022 I entered into an agreement to provide services to the company as a member of the company’s Advisory Board. On or before December 31, 2024, I terminated my agreement with the company. Pursuant to the terms of my agreement with the company I was granted stock options in the company as compensation for my services that have since vested and have been exercised. I own currently own shares of private stock in the company. The company has agreed to permit me to divest my equity and I agree that I will complete this divestiture within 90 days of my confirmation. (2025-01-01) | 8 | |
| Shield AI (Defense technology company that builds artificial intelligence in (AI) systems) | I terminated my position with Shield AI in June 2022. Pursuant to the terms of my agreement with the company I was granted stock options as compensation for my services. These options have since vested and have been exercised. I own currently retain shares of private stock in the company. The company has agreed to permit me to divest my equity and I agree that I will complete this divestiture within 90 days of my confirmation. (2025-01-01) | 9 | |
| STARLIGHT FUTURES LLC | Company will be inactive during my appointment. (2025-01-01) | 10 |
Compensation
Officials are required to disclose the sources of any compensation above $5,000 in a year. (Form 278e, Part 4)
| Organization | Description | Endnote | Line No. |
|---|---|---|---|
| Blackstone, Inc. (Asset Management Firm) | Services as CONSULTANT | 1 | |
| AMERICA FIRST POLICY INSTITUTE | Services as CO-CHAIR CENTER FOR AMERICAN SECURITY | 2 | |
| ALL WORLD HOLDINGS, LLC (Investment Management and Wealth Management Company) | Services as CONSULTANT | 3 | |
| THE HERITAGE FOUNDATION | Services as VISITING FELLOW | 4 | |
| US TRINITY ENERGY SERVICES (Contractor in the Energy Sector that Specializes in the Construction of Oil and Gas Transmission Pipelines) | Services as CONSULTANT | 5 | |
| PACIFIC SPECIALTY INSURANCE COMPANY | Services as member of the BOARD OF DIRECTORS | Director fees for Pacific Specialty Insurance Company; Pacific Specialty Property and Casualty Company, Western Service Contract, McGraw Insurance Inc. are all paid by Pacific Specialty Insurance Company. See Part 1, Line items 16-19 | 6 |
| OBERHEIDEN, PC | Services as OF COUNSEL | 7 | |
| Perot Jain LP (Venture Capital Firm) | Services as CONSULTANT | 8 | |
| PARADIGM OPERATIONS LP (Venture Capital Firm) | Services as a member of the ADVISORY COUNCIL | 9 | |
| SHIELD AI (defense technology company that builds artificial intelligence (AI) systems) | Services as a member of the ADVISORY BOARD | 10 | |
| American Global Strategies LLC (Strategic Advisory Firm) | Services as SENIOR ADVISOR | 11 | |
| ARTICLE I LLP (Strategic Advisory Firm) | Services as CONSULTANT | 12 | |
| GATESTONE INSTITUTE | Provide Services for a SPEAKING ENGAGEMENT | 13 | |
| U.S. MANUFACTURERS ASSOCIATION FOR DEVELOPMENT AND ENTERPRISE | SERVICES AS OPINION EDITORIALS | 14 | |
| Arctop Inc. (Cognition Technology Company) | Services as member of an Advisory Board | 15 | |
| DRILLING TOOLS INTERNATIONAL HOLDINGS, INC. | Services as CONSULTANT | 16 | |
| PACIFIC CAP ACQUISTION FUND, LLC | Services as a CONSULTANT | 17 | |
| Latent AI (AI Software Company) | Services as member of an ADVISORY BOARD | 18 | |
| STARLIGHT FUTURES, LLC (pass through company ) | Bills and receives consulting fees for services | This entity is not a party to any consulting agreement or contract. | 19 |
Spouse’s Assets
Officials are required to disclose their spouse’s assets, including salary and retirement accounts worth more than $1,000. (Form 278e, Part 5)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| Lamberth Ratcliffe Covington PLLC (Law Firm) | salary, bonus | Not a partner, no equity and not capital account | 1 | ||
| MICHELE RATCLIFFE PLLC (LEGAL SERVICES) | $1,001 - $15,000 | salary | 2 | ||
| SEP - IRA | 3 | ||||
| FIDELITY GOVERNMENT CASH RESERVES (FDRXX) | None (or less than $1,001) | None (or less than $201) | 3.1 | ||
| JPMorgan Active Growth ETF (JGRO) | $1,001 - $15,000 | None (or less than $201) | 3.2 | ||
| JPMorgan Active Value ETF (JAVA) | $1,001 - $15,000 | None (or less than $201) | 3.3 | ||
| JPMorgan Betabuilders US Aggregate Bond ETF (BBAG) | $1,001 - $15,000 | None (or less than $201) | 3.4 | ||
| JPMorgan BetaBuilders US Mid Cap Equity ETF (BBMC) | $1,001 - $15,000 | None (or less than $201) | 3.5 | ||
| JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC) | None (or less than $1,001) | None (or less than $201) | 3.6 | ||
| JPMorgan BetaBuilders US Equity ETF (BBUS) | None (or less than $1,001) | None (or less than $201) | 3.7 | ||
| JPMorgan Core Plus Bond ETF (JCPB) | $1,001 - $15,000 | None (or less than $201) | 3.8 |
Other Assets and Income
Officials are required to disclose other assets and sources of investment income belonging to them, their spouse or their dependent children. These include annuities, bonds, cash, college savings plans, farms, precious metals, real estate, stocks, trusts and wills. (Form 278e, Part 6)
Liabilities
Officials are required to disclose their liabilities totaling more than $10,000, as well as any linked to their spouse or dependent children. These include mortgages, credit card debt and student loans. The interest rates and loan repayment terms are also required. (Form 278e, Part 8)
| Creditor | Description | Endnote | Line No. |
|---|---|---|---|
| NEW REZ | type: Mortgage on Personal Residence, amount: $250,001 - $500,000, year-incurred: 2021, rate: 2.75, term: 30 YEARS | 1 |
About the Data
Most political appointees and senior officials in the executive branch are required by law to file public financial disclosure reports. These are documents that detail their financial holdings, positions they hold outside government, their spouse’s holdings, their liabilities and their recent financial transactions (such as buying or selling stock) during a defined reporting period.
The most senior officials file their disclosures with an agency called the Office of Government Ethics, and others file them with a designated ethics official within their agency. The Ethics in Government Act allows members of the public and the press to request these documents.
We’re publishing this information to give the public an important glimpse into the financial ties of a powerful and often hidden cadre of presidential appointees within the federal bureaucracy.
The main document type included in the database is the OGE Form 278e, which appointees must file when they are nominated (for Senate-confirmed appointees) or when they enter government (all others), and then annually while in the position. Another common document included is the OGE Form 278-T, also known as a periodic transaction report, which all public filers must submit within 30 days of a transaction. We are also making other ethics documents available, such as ethics agreements, certificates of divestiture and other documents we have obtained under the Ethics in Government Act.
Related Stories
Read ProPublica reporting on the disclosure documents.
