New disclosure shows Jared and Ivanka growing wealth as presidential advisers

13 June, 2018, 03:34 | Author: Charlene Valdez
  • New disclosure shows growing Kushner wealth debt

Jared Kushner and Ivanka Trump, both senior advisers to President Donald Trump, disclosed new details of their vast wealth on Monday, reporting a long of list of real estate, fashion and investment assets.

The president's son-in-law and daughter together reported personal assets of between $240 million and $780 million by the end of 2017.

Kushner and Trump, who have put their daily management of their companies on hold while they serve at the White House, have still managed to obtain huge amounts of income from other firms during their stint in public service.

Jared Kushner and Ivanka Trump arrive for a State Dinner with French President Emmanuel Macron and President Donald Trump at the White House in April 2018.

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Altogether, Ivanka Trump made at least $12 million in 2017.

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

While both Kushner and Ivanka Trump were required to file financial forms a year ago, it is hard to compare their past to present wealth because there are several months of overlap in the reporting period and the Office of Government Ethics uses broad ranges to calculate assets and liabilities. She took in $289,300 in an advance for Women Who Work, the forthcoming book she is writing for Penguin Random House.

He is not involved in managing Kushner Co., his family's real estate company, but had $2 billion worth of transactions during 2016 and 2017, according to the Post.

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The figure was outed in financial disclosure forms released Monday.

According to the disclosures, National security adviser John Bolton pulled in $2.2 million a year ago from organizations including Fox News, the conservative think tank American Enterprise Institute, and the Gatestone Institute, an anti-Muslim think tank of which he previously served as chairman. That income included $US3.9 million from the Trump International Hotel located in Washington and $US2 million in salary and severance from the Trump Organisation.

"T$3 heir net worth remains largely the same, with changes reflecting more the way the form requires disclosure than any substantial difference in assets or liabilities", said Peter Mirijanian, a spokesperson for Abbe Lowell, the ethics counsel for Kushner and Ivanka Trump.

"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.

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