Ivanka Trump, Jared Kushner made $82 mn a year ago
13 June, 2018, 03:31 | Author: Bert Pena
Ivanka Trump and Jared Kushner earned at least $82 million previous year 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.
Ivanka Trump made $3.9 million from her investment in her father's hotel in Washington past year, according to a disclosure released by the White House on Tuesday.
The president's son-in-law and daughter together reported personal assets of between $240 million and $780 million by the end of 2017. Ethics experts say the extraordinary income flow while the two are serving as senior White House advisers raises concerns about conflicts of interest.
Trump reportedly donated the proceeds from the book to the Ivanka M. Trump Charitable Fund. "It's also impossible to calculate precise totals of income and assets because the documents - which are used throughout government - ask officeholders to disclose figures in ranges, such as "$100,000 to $1,000,000".
The couple's income originates from a wide variety of sources, including investments, trusts, dozens of real estate transactions, a book advance of almost $300,000 for Ivanka Trump, and stakes in businesses like the almost $4 million Ivanka Trump earned from her interest in the Trump International Hotel in Washington, D.C.
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Kushner brought in at least $5 million from Quail Ridge, a Kushner Cos. apartment complex in Plainsboro, N.J.
"As to the current filing which OGE also reviews, their net worth remains largely the same, with changes reflecting more the way the form requires disclosure than any substantial difference in assets or liabilities". Trump also received a $289,300 book advance and $747,622 from three companies tied to the Trump Organization's worldwide projects.
According to President Trump's own annual financial disclosure form released last month, his Washington, D.C., hotel had a banner year, raking in over $40 million in income between January and December 2017. That income included $US3.9 million from the Trump International Hotel located in Washington and $US2 million in salary and severance from the Trump Organisation.
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. Trump has come under scrutiny from ethics watchdogs who have accused the president of using his office to promote his properties.
"Since joining the administration, Mr. Kushner and Ms. Trump have complied with the rules and restrictions as set out by the Office of Government Ethics", he said.
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