Monday, 10 December, 2018

New disclosure shows growing Kushner wealth, debt

EPA-EFE  REX  Shutterstock Ivanka Trump and Jared Kushner First daughter Ivanka Trump and White House Senior Advisor Jared Kushner Washington USA- 01 Jun 2018 First daughter Ivanka Trump and Whit MICHAEL REYNOLDS EPA-EFE REX Shutterstock Jared Kushner and Ivanka Trump
Deanna Wagner | 13 June, 2018, 03:32

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.

Ivanka Trump reported Dollars 3.9 million from her stake in the Trump International Hotel in Washington, as well as more than USD 2 million in severance pay from the Trump Organization, the Washington Post said, citing financial disclosure forms released today.

The president's son-in-law and daughter together reported personal assets of between $240 million and $780 million by the end of 2017.

The filings show how the couple are collecting huge sums from other enterprises while serving in the White House, an extraordinary income flow that ethics experts have warned could create potential conflicts of interests.

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.

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

It's hard to determine the couple's precise income past year because federal officials report their assets, income and liability in broad ranges only.

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The White House released financial disclosure forms for other officials, including National Security Adviser John Bolton, who reported $2.2 million in income in the year and three months before he joined the administration.

In 2017, Trump's assets were estimated to be valued between $55.3 million and $75.6 million and Kushner's between $179 million and $735 million, reported the Washington Post.

The disclosure lists are challenging to follow. Other income came from capital gains, Ms. Trump's businesses, the Trump Hotel in Washington D.C. and from the Trump Corporation salary and severance.

Her husband Jared Kushner earned more than 5 million dollars in income from the Kushner Cos. apartment complex Quail Ridge in New Jersey.

According to the disclosures, National security adviser John Bolton pulled in $2.2 million previous year from organizations including Fox News, the conservative think tank American Enterprise Institute, and the Gatestone Institute, an anti-Muslim think tank of which he previously served as chairman. The hotel has been a focus of lawsuits against the president and ethics watchdogs who say Trump is violating the Constitution by profiting from his office as diplomats spend big money there.

A spokesperson for the two said that their net worth has not changed much and stressed that they have complied with government ethics restrictions.