Published: Wed, June 13, 2018
World News | By Laverne Osborne

New disclosure shows Jared and Ivanka growing wealth as presidential advisers

New disclosure shows Jared and Ivanka growing wealth as presidential advisers

Jared Kushner and Ivanka Trump brought in $82 million in outside income while serving as unpaid senior White House advisers a year ago, according to a Monday Washington Post report.

Mrs. Trump's earnings include $3.9 in profits from the Trump International Hotel in Washington, more than $2 million in pay and severance from the Trump Organization, and $5 million from her personal brand.

President Trump's daughter and son-in-law have continued to invest heavily and trade in real estate.

The filings show how the couple are collecting vast sums from other enterprises while serving in the White House, an extraordinary income flow that ethics experts have warned could create potential conflicts of interests.

A newly-released 2018 financial disclosure shows that White House special adviser Jared Kushner's wealth and debt both rose significantly over the year.

While this is an increase from the total value of assets between $206 and $760 million the two reported in the last disclosure form, it's hard to make a direct comparison because the latest filing covers a shorter period of time, between January 2017 through December 2017, whereas the last report covers January 2016 through April 2017.

Altogether, Ivanka Trump made at least $12 million in 2017.

While Kushner has resigned from 260 corporate positions and no longer has any role in running his family's real estate company, he has repeatedly been subject to public scrutiny over the perception that he has not done enough to draw lines between his private business interests and his sprawling portfolio of West Wing responsibilities.

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Kushner's financial forms show significant debts, according to Politico, which didn't report a total liability figure. Based on the filings, CNN estimates Kushner's net worth is $174 million to $710 million and Trump's is $55 million to $75 million.

The financial disclosure forms showed that trusts benefiting Kushner, Trump or their children made eight purchases of at least $9.8 million in real estate, including properties in New Jersey and New York City.

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

"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".

General view of the Trump International Hotel Washington, the Old Post Office on October 30, 2016 in Washington D.C., Washington D.C.

The new disclosure shows that Kushner did take on a new debt previous year with Bank of America worth between $US5 million ($6.6m) and US$25 million ($33.01m) - 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, N.J., near Princeton.

"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, spokesperson for Abbe Lowell, Jared Kushner's attorney and the couple's ethics counsel told ABC News in a statement.

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