New disclosure shows Jared and Ivanka growing wealth as presidential advisers

Glen Norman
June 13, 2018

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

The new documents reveal that in 2017, Ivanka Trump earned $3.9 million from her stake in the Trump International Hotel in Washington, DC.

President Trump's daughter and son-in-law have continued to invest heavily and trade in real estate.

Ivanka Trump and Jared Kushner may be working as White House advisers, but the couple isn't doing too badly with their side gigs, bringing in at least US$81 million of outside income. Her father was inaugurated on January 20, 2017, and Ivanka Trump officially joined the White House as an unpaid senior adviser in March 2017, after her initial attempts to serve as an informal adviser raised ethics questions.


Mr. Kushner held between $174 million and $710 million in assets at the end of 2017, up from the minimum of between $137 million and $609 million he reported on his financial disclosure in March 2017.

Trump reportedly donated the proceeds from the book to the Ivanka M. Trump Charitable Fund. Federal rules require top officials to report income, assets and liabilities in broad ranges.

While Kushner has resigned from 260 corporate positions and no longer has any role in running his family's real estate company, he has repeatedly been subject to public scrutiny over the perception that he has not done enough to draw lines between his private business interests and his sprawling portfolio of West Wing responsibilities.

Penguin Random House also gave Ivanka an advance payment of $289,000 for her book, which she donated to charity.


A spokesman for Kushner's and Ivanka Trump's ethics counsel issued a statement on the financial disclosures, saying the couple followed their ethical obligations, but the forms don't allow them to properly describe their net worth.

General view of the Trump International Hotel Washington, D.C.at the Old Post Office on October 30, 2016 in Washington D.C., Washington D.C.

Her husband Jared Kushner earned more than 5 million dollars in income from the Kushner Cos. apartment complex Quail Ridge in New Jersey. The Trump family has faced accusations of using the presidency for personal profit. 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 a year ago.

A spokesperson for the two said that their net worth has not changed much and stressed that they have complied with government ethics restrictions.


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