NEW YORK, NY — “The financial disclosure report Ryan filed with Congress last month and made public this week shows [GOP Vice Presidential candidate Congressman Paul Ryan] and his wife, Janna, own stakes in four family companies that lease land in Texas and Oklahoma to the very energy companies that benefit from the tax subsidies in Ryan’s budget plan. Ryan’s father-in-law, Daniel Little, who runs the companies, told Newsweek and The Daily Beast that the family companies are currently leasing the land for mining and drilling to energy giants such as Chesapeake Energy, Devon, and XTO Energy, a recently acquired subsidiary of ExxonMobil. .
. . Ryan and his wife reported owning minority stakes ranging from nearly 1 percent to 10 percent in the following four family companies: Ava O Limited Company, which holds mining and mineral rights; Blondie and Brownie, which holds gravel rights; Red River Pine Company, which holds timber rights; and Little Land Company, an oil and gas corporation. .
. . the properties have been a lucrative investment for Ryan and his wife, earning them as much as $117,000 last year, and $60,000 the year before, his personal financial disclosure reports show. While Ryan’s stake in the oil and gas firm was his smallest at 0.8 percent, it was listed as one of his most valuable assets, generating as much as $50,000 of his income last year, the report shows.”
— Daniel Stone, Newsweek/Daily Beast
