Jared And Ivanka Made $82 Million From Businesses While Serving In WH

A newly-released 2018 financial disclosure shows that White House special adviser Jared Kushner’s wealth and debt both rose significantly over the year. It’s an indication of the complex state of his finances and the potential conflicts that confront

Jared And Ivanka Made $82 Million From Businesses While Serving In WH

Newly-released financial disclosure forms show that Jared Kushner and Ivanka Trump made a killing in outside income over the course of their work as advisors to President Donald Trump. Ivanka Trump also earned a reported $3.9 million a year ago from her stake in the Trump International Hotel in Washington, D.C., and $5 million from the Ivanka M. Trump Business Trust, which oversees her fashion brand and was created in March 2017.

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 flow of outside funds to the two senior White House advisers has repeatedly raised concerns over possible ethics violations and conflicts of interest.

Ivanka Trump earned at least $82 million in income in 2017, according to the documents.

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In July 2017, the time of their last financial disclosure, the couple reported joint income of at least Dollars 19 million from business ventures and another USD 80 million in real estate and other revenue between January 2016 and early 2017.

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

The figure was outed in financial disclosure forms released Monday.

The couple's income originates from a wide variety of sources, including investments, trusts, dozens of real estate transactions, a book advance of almost $300,000 for Ivanka Trump, and stakes in businesses like the almost $4 million Ivanka Trump earned from her interest in the Trump International Hotel in Washington, D.C.

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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 president's son-in-law closed out a line of credit from Valley National Bank that had between $5 million and $25 million in debt past year.

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 got a $5 million chunk from a Kushner Companies apartment complex.

Some of the couple's assets were listed jointly. Trump has come under scrutiny from ethics watchdogs who have accused the president of using his office to promote his properties.

Peter Mirijanian, a spokesperson for the couple's attorney Abbe Lowell, told the Washington Post that Kushner and Trump's net worth has not substantially changed during their time at the White House and confirmed that they have both complied with all the ethical rules.

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"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 in a statement.

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