Ivanka Trump, Jared Kushner made $82 million past year

Clay Curtis
June 12, 2018

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.

Per the Washington Post, ethics experts are concerned that the extraordinary outside cash flow could create intense conflicts of interest.

While both Kushner and Ivanka Trump were required to file financial forms previous year, it is hard to compare their past to present wealth because there are several months of overlap in the reporting period and the Office of Government Ethics uses broad ranges to calculate assets and liabilities.

A spokesman for Kushner's and Ivanka Trump's ethics counsel issued a statement on the financial disclosures, saying the couple followed their ethical obligations, but the forms don't allow them to properly describe their net worth.

The new filings reflect a change in the structure of Ivanka Trump's payments from limited liability companies affiliated with the Trump Organization.

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Ivanka Trump and Jared Kushner may be working as White House advisers, but the couple isn't doing too badly with their side gigs, bringing in at least US$81 million of outside income.

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.

Kushner, however, failed to report multiple stakes in a handful of companies, with the documents showing he did not report those assets because of an "accounting oversight", despite divesting his stakes before taking up his position in the White House, the Post said.

In an interview last month, Kushner's father Charles reportedly called watchdogs who have criticized his son and daughter-in-law's business entanglements "jerks" who "can't get a real job". 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.

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. "And what they have sacrificed, and the daily barrage of negative media, and the attacks they get, and they had a flawless, handsome life and they still have a very good life, but they sacrificed a lot".

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