Thursday, 19 July, 2018

Ivanka Trump, Jared Kushner made $82 mn previous year

Ivanka Trump, Jared Kushner made $82 mn previous year Ivanka Trump, Jared Kushner made $82 mn previous year
Melinda Barton | 12 June, 2018, 18:27

Ivanka Trump and Jared Kushner made at least $82 million past year while serving as unpaid senior advisers to the president, according to financial disclosure forms released Monday.

The White House released the disclosures for Kushner and Ivanka Trump on a heavy news day, while the world's media lavished attention on President Trump's preparations to meet with North Korea's Kim Jong Un for talks over nuclear weapons. 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.

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 past year in Plainsboro, New Jersey. The money Trump receives from limited liability companies associated with the Trump Organization has been restructured into annual fixed payments of $1.5 million, "a change made in consultation with Office of Government Ethics officials to reduce her "interest in the performance of the business" according to the Post. That income included US$3.9 million from the Trump International Hotel located in Washington and $US2 million in salary and severance from the Trump Organisation. Together, Ivanka Trump and her husband Jared Kushner earned at least $US82 million in outside income while working as unpaid senior advisers to her father, US President Donald Trump. 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 previous year.

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.

"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", Mr Mirijanian said in a statement. But even as a passive investor, he retains many lucrative investments, which ethics critics have warned could raise conflicts of interest.