Thursday, 16 August, 2018

New disclosure shows Jared and Ivanka growing wealth as presidential advisers

Minimum Size of Jared Kushner’s Wealth Rose in First Year in White House, Disclosure Shows Jared Kushner, Ivanka Trump Reportedly Made $82 Million in Outside Income in 2017 While WH Advisers
Steven Clarke | 12 June, 2018, 15:22

Financial disclosure forms released Monday show that Ivanka Trump and Jared Kushner made at least $82 million previous year from multiple streams of outside income while they were senior White House advisers, according to the Washington Post.

Senior White House Advisers Jared Kushner and Ivanka Trump attend a reception held at the Israeli Ministry of Foreign Affairs in Jerusalem.

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.

The figure was outed in financial disclosure forms released Monday.

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.

Rafael Nadal claims record-extending 11th French Open crown
The 32-year-old Spaniard was playing his 11th French Open final, while Thiem was featuring in his maiden Grand Slam final. That shock exit prompted speculation that Nadal was finished as a heavyweight of the sport. "Life is never clear".

A spokesperson for Trump and Kushner's ethics counsel told the Post that they followed the rules set out by the Office of Government Ethics and that their net worth has held steady.

Trump and Kushner aren't the only White House staffers raking in the millions, however.

One of Kushner's biggest holdings, a real estate tech startup called Cadre that he co-founded with his brother, Joshua, rose sharply in value. Several of those properties created at least $5 million in passive income previous year. The latest disclosure shows it was worth at least $25 million at the end of past year, up from a minimum value of $5 million in his previous disclosure.

Ivanka Trump and Kushner resigned positions with their companies to take on prominent, yet unpaid, roles in her father's administrations, but the disclosure shows how they continue to financially benefit from an array of outside ventures. 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. The disclosures also showed that Ivanka Trump owns an interest in that purchase through a family trust. But even as a passive investor, he retains many lucrative investments, which ethics critics have warned could raise conflicts of interest.

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