Monday, 20 August, 2018

Ivanka Trump, Jared Kushner made $82 million in 2017

8 2018 Ivanka Trump and Jared Kushner attend a Cabinet meeting at the White House in Washington DC. Mandel Ngan  AFP Minimum Size of Jared Kushner’s Wealth Rose in First Year in White House, Disclosure Shows
Charlie Simmons | 13 June, 2018, 03:32

Ivanka Trump and Jared Kushner made at least $82 million in outside income while working as White House advisers for the Trump administration a year ago, according to new financial disclosures released on Monday.

Trump reportedly made almost $6 million from Trump businesses like the Trump International Hotel in D.C. and in severance from the Trump Organization.

Trump recently scored a batch of trademarks in China as her father continues trade talks with Beijing, garnering scrutiny from some ethics experts.

Critics say that the many investments and transactions of Ivanka Trump and Jared Kushner raise serious concerns about conflicts of interest.

A newly-released 2018 financial disclosure shows that White House special adviser Jared Kushner's wealth and debt both rose significantly over the year.

In July 2017, the time of their last financial disclosure, the couple reported joint income of at least Dollars 19 million from business ventures and another USD 80 million in real estate and other revenue between January 2016 and early 2017.

She also earned $5 million from her designer brand and $2 million in pay and severance from the Trump Payroll Corp, Politico reported.

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Kushner drew at least $70 million from dozens of companies linked to his family's real estate company, Kushner Cos., including $5 million in income from an apartment complex in Plainsboro, NJ.

According to the New York Times, the ethics filing shows that Ivanka Trump and Jared Kushner earned at least $82 million in income past year, and could have made up to $222 million, compared to an estimate of $89 million to $201 million in 2016. Her book Women Who Work netted her a $289,300 advance from Penguin Random House.

Kushner's income, for instance, included more than US$6 million from Quail Ridge, a Plainsboro, New Jersey, apartment complex the Kushner company, now run by his relatives, acquired previous year.

The White House released financial disclosure forms for other officials, including National Security Adviser John Bolton, who reported $2.2 million in income in the year and three months before he joined the administration.

Mr Kushner's 2017 assets were worth between $179m and $735m, while Ms Trump's were worth between about $55.3m and $75.6m, according to a Washington Post analysis. The president's son-in-law closed out a line of credit from Valley National Bank that had between $5 million and $25 million in debt past year.

In an email statement, Peter Mirijanian - a spokesman for Abbe Lowell, Kushner's and Ivanka Trump's ethics counsel - said that the couple have followed all ethics rules and that Monday's disclosures are an insufficient way to understand the nuances of their net worth.

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