$0 Salaries Didn't Hurt Ivanka, Kushner in 2017

Frederick Owens
June 13, 2018

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. That income included US$3.9 million from the Trump International Hotel located in Washington and $US2 million in salary and severance from the Trump Organisation.

Jared Kushner and Ivanka Trump arrive for a State Dinner with French President Emmanuel Macron and President Donald Trump at the White House in April 2018.

The disclosures, issued late on Monday night, showed that Kushner, the President's son-in-law and a top White House aide, held assets totaling at least $US181 million.

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

The financial disclosures released by the White House and filed with the U.S. Office of Government Ethics routinely show both assets and debts compiled in broad ranges between low and high estimates, making it hard to precisely chart the rise and fall of the financial portfolios of federal government officials.

Kushner pulled in at least $70 million from his shares in his family's real-estate companies, including $5 million from Quail Ridge, a New Jersey apartment building that Kushner Cos. acquired past year.

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Penguin Random House also gave Ivanka an advance payment of $289,000 for her book, which she donated to charity. Other sources have estimated that Ivanka Trump's net worth is roughly $300 million, and Jared Kushner's net worth could be $800 million.

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.

A spokesman for the couple said Monday that the couple's disclosure portrayed both assets and debts that have not changed much over the past year - and stressed that Kushner and Ivanka Trump have both complied with all federal ethics rules. 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 spokesperson for Trump and Kushner's ethics counsel told the Post that they followed the rules set out by the Office of Government Ethics and that their net worth has held steady.

Washington Post's review of the disclosure records has found that the couple brought in at least $82 million over the past year. The Trump family has faced accusations of using the presidency for personal profit.

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