Jared Kushner & Ivanka Trump Made $82 Million Outside Of White House Last Year
Ivanka Trump and Jared Kushner, President Donald Trump’s daughter and son-in-law, made $82 million while serving as senior White House advisors last year, according to the Washington Post. The money came from outside business.
According to financial disclosure forms released Monday, Trump made $3.9 million from the Trump International Hotel in Washington and over $2 million in severance from the Trump Organization. Kushner made over $5 million from Kushner Cos. apartment complex Quail Ridge.
Both the president and his daughter and son-in-law declined to disentangle themselves from their outside business interests despite involvement in meetings and negotiations with figures that could impact their private incomes. Their immense incomes create an income flow that ethics experts say could result in conflicts of interest.
Kushner and Trump both reportedly gave up daily oversight of their companies while working as unpaid senior advisors to the president. A spokesman for Abbe Lowell, the couple’s ethics counselor, told the Post in a statement that their “net worth remains largely the same” as the previous year and they had conformed with all ethics regulations.
However, critics point out that it appears that Kushner, Trump and the president have benefitted from their activity as public officials.
Kushner and Trump families have repeatedly talked about the “sacrifices” made by Jared and Ivanka to go into government. They made $82 million last year https://t.co/S5aHGIu5mw
— Maggie Haberman (@maggieNYT) June 12, 2018
Kushner obtained a $30 million loan for Kushner Cos. from a major Israeli insurer just days before his visit to Israel. When his father, Charles Kushner, was denied a $500 million loan from a government-operated investment fund by Qatari official, Kushner backed Saudi Arabia’s blockade of the nation.
Last month, China approved several of Ivanka Trump’s trademarks as the president agreed to drop sanctions against Chinese telecom company ZTE.
The Trump Organization signed a 60-year lease with the building that is now the Trump International Hotel in 2013. The president’s interest in the hotel is currently being challenged in court as unconstitutional.