Ivanka Trump, Jared Kushner made $82M while working in White House
Ivanka Trump and husband Jared Kushner (New York Post)
Washington, June 12, 2018 (AltAfrika)-Ivanka Trump and Jared Kushner raked in at least $82 million in outside income while working in the White House last year, according to reports.
The windfall for Ivanka included $3.9 million from the Trump International Hotel, the family property just down the street from where she works aside her father in the White House, the Washington Post found.
She also earned $5 million from her designer brand and $2 million in pay and severance from the Trump Payroll Corp, Politico reported.
Penguin Random House also gave Ivanka an advance payment of $289,000 for her book, which she donated to charity.
The news sources didn’t list all the sources of income for the power couple, but just cited a few examples from financial disclosure forms obtained by the newspaper.
While Trump and husband Kushner are not drawing a salary at the White House, the family business connections have allowed them to remain millionaires.
Kushner brought in at least $5 million from Quail Ridge, a Kushner Cos. apartment complex in Plainsboro, N.J.
Ivanka’s hotel income of $3.9 million is up from last spring when she reported about $2.4 million in profits for the Washington property that has become a staple for those trying to curry favor with the Trump administration since it opened in September 2016.
Kushner’s financial forms show significant debts, according to Politico, which didn’t report a total liability figure. 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 last year. His line of credit at IDB Bank increased from a max of $5 million to $25 million. 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.
A rep for the couple said they complied with all the ethics rules and their net worth has largely remained unchanged while working in the White House.
“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,” Peter Mirijanian, a spokesman for Abbe Lowell, the couple’s ethics counsel, told the Washington Post. “As to the current filing which OGE also reviews, their net worth remains largely the same, with changes reflecting more the way the form requires disclosure than any substantial difference in assets or liabilities.”