Ivanka Trump and husband Jared Kushner made $82m past year

Leroy Wright
June 15, 2018

Ivanka Trump and Jared Kushner earned at least $82 million a year ago from investments and business concerns outside of their jobs as unpaid senior advisers to the president, according to financial disclosures released by the White House.

The couple's disclosures include a number of debts; because each line of credit is only described as a broad spread, their total unpaid debt ranges between $27 million and $135 million.

She also made at least $5 million from a trust, created in March 2017, called Ivanka M. Trump Business Trust.

Kushner's family real estate company has properties around the country, including thousands of apartment units in states including New Jersey and Maryland.

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.

The bulk of Ivanka Trump's assets - more than $50 million worth - was contained in a trust that holds her business and corporations.

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But even as a passive investor, he retains many lucrative investments - which ethics critics have warned could raise conflicts of interest. She took in $289,300 in an advance for Women Who Work, the forthcoming book she is writing for Penguin Random House. He also earned at least $5 million in passive income from holdings in real estate developments, and reported more than $5 million in capital gains in 2017 just from the sale of one shopping mall, in the Bronx.

A rep for the couple said they complied with all the ethics rules and their net worth has largely remained unchanged while working in the White House.

Ivanka Trump made $US3.9 million ($5.2 million) from her investment in her father's hotel in Washington a year ago, according to a disclosure released by the White House on Tuesday.

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

In an email statement, Peter Mirijanian - a spokesman for Abbe Lowell, Kushner's and Trump's ethics counsel - said that the couple followed all ethics rules and that Monday's disclosures are an insufficient way to understand the nuances of their net worth. The Trump family has faced accusations of using the presidency for personal profit. New financial disclosures show that Kushner's wealth and debt both appear to have gone up.

Kushner and his wife took at least US$83 million ($109m) in income and capital gains previous year, according to the disclosures.

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