Disclosures show Jared Kushner's wealth and debt have risen

12 June, 2018, 18:28 | Author: Myra Gill
  • Senior White House Advisers Jared Kushner and Ivanka Trump attend a reception held at the Israeli Ministry of Foreign Affairs in Jerusalem. Reuters

Financial disclosure forms released Monday show that Ivanka Trump and Jared Kushner made at least $82 million past year from multiple streams of outside income while they were senior White House advisers, according to the Washington Post.

Ms Trump reportedly earned $3.9m from a stake in Trump International Hotel and more than $5m from her personal brand.

The flow of outside funds to the two senior White House advisers has repeatedly raised concerns over possible ethics violations and conflicts of interest. Federal rules require top officials to report income, assets and liabilities in broad ranges.

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.

The figure was outed in financial disclosure forms released Monday.

To reduce her "interest in the performance of the business", Trump will now receive fixed yearly payments from the three limited-liability companies, rather than profit sharing, according to the filings.

Ivanka Trump also reported over $2 million from severance from the Trump Corp.in 2017.

Disclosures issued by the White House for Kushner and his wife, Trump's daughter Ivanka, showed that Kushner held assets totaling at least $181 million. Trump also received a $289,300 book advance and $747,622 from three companies tied to the Trump Organization's global projects.

Ivanka Trump and Kushner resigned positions with their companies to take on prominent, yet unpaid, roles in her father's administrations, but the disclosure shows how they continue to financially benefit from an array of outside ventures.

It is hard to determine the couple's precise income a year ago because the financial disclosures list assets, income and liability in broad ranges only.

A different Post analysis also pointed out that around 90% of his real estate holdings were still under his control, though he sold his stake in 666 Fifth Avenue, the beleaguered midtown building for which he famously paid $1.8 billion at the height of the real estate bubble.



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