Jared And Ivanka Made $82 Million From Businesses While Serving In WH



Jared Kushner and wife Ivanka Trump made at least $80 million in outside income a year ago while working as White House advisers to President Donald Trump, according to newly-released financial disclosure forms. He also said in his filing that he would continue to recuse himself from matters involving broker-dealer, real estate and online financial services related to his holdings in Quadro Partners, which owns Cadre.com, an online platform for investing in real estate.

Ivanka Trump and Jared Kushner may be working as unpaid White House advisers, but the couple isn't doing too badly with their side gigs, bringing in at least $US81 million ($106 million) of outside income.

Ivanka Trump earned at least $82 million in income in 2017, according to the documents.

Monday's disclosures show that Jared Kusher holds assets worth at least $181 million, compared to at least $140 million disclosed in the spring of 2017.

She also earned $5 million from her designer brand and $2 million in pay and severance from the Trump Payroll Corp, Politico reported.

The couple's income originates from a wide variety of sources, including investments, trusts, dozens of real estate transactions, a book advance of almost $300,000 for Ivanka Trump, and stakes in businesses like the almost $4 million Ivanka Trump earned from her interest in the Trump International Hotel in Washington, D.C.

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The White House released financial disclosure forms for other officials, including National Security Adviser John Bolton, who reported $2.2 million in income in the year and three months before he joined the administration. 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 form shows Ivanka Trump also collected almost US$290,000 in advance payments for a 2017 book she wrote titled Women Who Work. In all, he took in at least Dollars 70 million, the Post said.

The new disclosure shows that Kushner did take on a new debt a year ago 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.

A spokesman for the couple said Monday that the couple's disclosure portrayed both assets and debts that have not changed much over the past year - and stressed that Kushner and Ivanka Trump have both complied with all federal ethics rules.

Despite public scrutiny of their finances amid questions of conflicts of interest, a spokesman for the couple's lawyer said Trump and Kushner have followed the rules. The hotel has been a focus of lawsuits against the president and ethics watchdogs who say Trump is violating the Constitution by profiting from his office as diplomats spend big money there.

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