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Ivanka Trump, Jared Kushner made $82 mn previous year

Ivanka Trump, Jared Kushner made $82 mn previous year

While Ivanka Trump and husband Jared Kushner are not drawing a salary at the White House, the family business connections have allowed them to remain millionaires. Kushner drew at least $70 million from dozens of companies linked to his family's real estate company, Kushner Cos., including $5 million in income from an apartment complex in Plainsboro, NJ.

The financial disclosures released by the White House and filed with the US 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.

Senior adviser and daughter Ivanka Trump (L), and senior adviser and son-in-law Jared Kushner (R) attend a summit at the East Room of the White House May 18, 2018 in Washington, DC. Trump will now receive guaranteed fixed yearly payments instead of payments determined by profits from T International Realty LLC, TTT Consulting LLC, and TTTT Venture LLC - which are LLCs tied to some of the Trump Organization's international developments.

Ivanka Trump also reported over $2 million from severance from the Trump Corp.in 2017. The Associated Press reports that the current disclosures reflect a possible rise in Kushner's assets, from at least $140 million in April 2017 to $181 million this spring.

"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", Mirijanian said.




The form shows Ivanka Trump also collected almost US$290,000 in advance payments for a 2017 book she wrote titled Women Who Work.

Kushner's financial forms show significant debts, according to Politico, which didn't report a total liability figure.

Washington Post's review of the disclosure records has found that the couple brought in at least $82 million over the previous year. And he reported a new loan from Bank of America for between $5 million and $25 million that is payable by 2022 related to the Quail Ridge property.

The new disclosure shows that Kushner did take on a new debt past year with Bank of America, worth between $5 million and $25 million - but jointly with other investors in Quail Ridge LLC, a company used for his family firm's purchase of Quail Ridge, a 1,032-unit apartment community in Plainsboro, NJ, near Princeton.


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