Filings Show Jared Kushner and Ivanka Trump Made At Least $82 Million From Outside Income In 2017
The president’s son-in-law and daughter, Jared Kushner and Ivanka Trump made at least $82 million from outside income in 2017, while serving as senior White House advisers, according to new financial disclosure forms released Monday.
Ivanka Trump earned $3.9 million from her stake in the Trump International Hotel in Washington, while Kushner reported over $5 million in income from Quail Ridge, a Kushner Cos. apartment complex acquired last year in Plainsboro, N.J.
The couple are collecting immense sums from other enterprises while serving in the White House, in which ethics experts have warned could create potential conflicts of interests.
In an email statement, Peter Mirijanian — a spokesman for Abbe Lowell, Kushner’s and Ivanka Trump’s ethics counsel — said that the couple have followed all ethics rules and that Monday’s disclosures are an insufficient way to understand the nuances of their net worth.
“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 said. “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.”
Ivanka Trump also reported over $2 million from severance from the Trump Corp. in 2017. Ivanka Trump officially joined the White House as an unpaid senior adviser in March 2017. Ivanka was paid a $289,300 advance by Penguin Random House for her book, “Women Who Work.”
Kushner disclosed that he had failed to report several stakes in limited liability companies — including Vegas Seven, which is a Las Vegas online news publication, and the Veggie Grill, a restaurant in Manhattan Beach, Calif. The filing noted that Kushner divested his stakes before joining the White House but did not report the assets previously because of an accounting oversight.
Even though Kushner has resigned from 260 corporate positions and no longer has any role in running the family’s real estate company, he’s been subject to public scrutiny over the notion that he has not done enough to draw lines between his private interests and his sprawling portfolio of West Wing responsibilities.
Kushner Cos. has reported more than $2 billion in transactions in the past two years, including developments in Times Square and Jersey City. A Washington Post analysis of his holdings last year showed that Kushner had retained roughly 90 percent of his real estate holdings.
Before entering the White House, Kushner sold his stake in 666 Fifth Ave., the Kushner Cos.’ Manhattan building plagued by debt that exceeded $1 billion, to a trust controlled by his mother. (Kushner is not a beneficiary of the trust.)