Published: Tue, June 12, 2018
Global | By Shelia Dennis

New disclosure shows Jared and Ivanka growing wealth as presidential advisers

New disclosure shows Jared and Ivanka growing wealth as presidential advisers

Although Kushner and Trump are not paid a salary for their adviser roles at the White House, ethics experts have criticized the couple's large income flow from their investments and family-related businesses as something that could easily create conflicts of interest.

Kushner's disclosure also showed that he has assumed growing debt over the past year, both expanding his use of revolving lines of credit and taking on additional debt of between $5 million and $25 million as part of his family company's purchase last year of a New Jersey apartment complex.

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 a year ago in Plainsboro, New Jersey. The Post estimated Kushner's assets at 179 million dollars to 735 million dollars past year, compared to between 55.3 million dollars and 75.6 million dollars for Trump, noting that the Office of Government Ethics uses broad ranges for assets and liabilities.

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Her father was inaugurated on January 20, 2017, and Ivanka Trump officially joined the White House as an unpaid senior adviser in March 2017, after her initial attempts to serve as an informal adviser raised ethics questions. 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.

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

In an email statement, Peter Mirijanian - a spokesman for Abbe Lowell, Kushner's and Ivanka Trump's ethics counsel - said that the couple have followed all ethics rules and that Monday's disclosures are an insufficient way to understand the nuances of their net worth. On Monday, new financial disclosures revealed the the couple made at least $82 million in outside income previous year.

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Penguin Random House also gave Ivanka an advance payment of $289,000 for her book, which she donated to charity. The latest disclosure shows it was worth at least $25 million at the end of a year ago, up from a minimum value of $5 million in his previous disclosure.

Kushner reported at least $US27 million and as much as $US135 million in outstanding liabilities.

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