Jared Kushner and Ivanka Trump made about $ 82 million while working in the White House
Ivanka Trump and Jared Kushner, the president's daughter and son-in-law respectively, earned at least $ 82 million in outside income while serving as senior advisers to the White House during 2017, according to financial disclosure forms released June 11.
Trump earned $ 3.9 million from his stake in the Trump International Hotel in Washington, while Kushner reported more than $ 5 million in revenue from Quail Ridge, the Kushner Cos apartment complex. in Plainsboro, N.J., acquired in 2017.
The information shows how the couple are earning huge sums from other companies while working in the White House, which ethics experts have warned could create potential conflicts of interest.
Although Kushner and Ivanka Trump were required to file financial forms in 2017, it is difficult to compare their current wealth, because there are several overlapping months in the reporting period and those used by the Office of Government Ethics (OGE) to calculate assets and liabilities.
In an emailed statement, Peter Mirijanian, a spokesman for attorney Abbe Lowell, said the couple have followed all ethical rules and that Monday's disclosures are an insufficient way to understand the nuances of their net worth.
"Since joining the administration, Mr. Kushner and Ms. Trump have complied with the rules and restrictions set forth by the Office of Government Ethics," Mirijanian said. "Regarding the current presentation that OGE reviews, its net worth remains practically the same, and the changes reflect more how the form requires its disclosure than any material difference in assets or liabilities."
The new documents reflect a change in the structure of payments the president's daughter receives from limited liability companies affiliated with the Trump Organization. She will now receive guaranteed fixed annual payments in lieu of payments determined by earnings from T International Realty, TTT Consulting, and TTTT Venture, which are limited liability companies tied to some of the Trump Organization's international developments.
The annual payments will total $ 1.5 million, according to the information, which was a change made in consultation with officials from the OGE Office, to reduce her "interest in the performance of the business."
She also reported more than $ 2 million from her split from Trump Corp. in 2017. Her father took office on January 20 of that year and Ivanka officially joined the White House as a consultant without pay in March 2017, after of her initial attempts to serve as an informal counselor, prompting questions about ethics.
Trump received a $ 289,300 advance from Penguin Random House for her book "Women Who Work."
Kushner revealed that he had failed to report multiple holdings in limited liability companies, including Vegas Seven, which is a Las Vegas online news publication, and Veggie Grill, a restaurant in Manhattan Beach. The report notes that Kushner sold his shares before joining the White House, but did not report the assets previously due to an accounting oversight.
Although Kushner has resigned from 260 corporate positions and no longer plays any role in the management of his family's real estate company, he has repeatedly come under public scrutiny for the perception that he has not done enough to draw lines between his private business interests. and your responsibilities in the White House.
Kushner Cos. has reported more than $ 2 billion in transactions in the last two years, including developments in Times Square and Jersey City. A Washington Post analysis of his property in 2017 showed that Kushner had retained approximately 90% of his real estate interest.
Before entering the White House, Kushner sold his stake in 666 Fifth Ave., Kushner Cos. ‘The Manhattan building riddled with debt that he exceeded a billion dollars, to a trust controlled by his mother. (Kushner is not the beneficiary).
In a broad interview in late May with Real Deal, a New York City real estate publication, Kushner's father ridiculed ethics guards as "assholes" who "can't get a real job" and He suggested that criticism can discourage successful people from taking government positions.
"I see what my children have sacrificed to enter the government, with the sole intention of doing good for this country, the world and helping the people," said Charles Kushner to said publication.
