Ivanka Trump and Jared Kushner earned $82 million last year
S E E D E D C O N T E N T
By The Washington Post
Ivanka Trump and Jared Kushner, the president's daughter and son-in-law, brought in at least $82 million in outside income while serving as senior White House advisers during 2017, according to new financial disclosure forms released Monday (June 12).
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 last year in Plainsboro, New Jersey.
The filings show how the couple are collecting immense sums from other enterprises while serving in the White House, an extraordinary income flow that ethics experts have warned could create potential conflicts of interests.
While both Kushner and Ivanka Trump were required to file financial forms last year, it is difficult 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.
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.
"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," Mirijanian said. "As to the current filing which OGE also reviews, their net worth remains largely the same, with changes reflecting more the way the form requires disclosure than any substantial difference in assets or liabilities."
The new filings reflect a change in the structure of Ivanka Trump's payments from limited liability companies affiliated with the Trump Organization. Trump will now receive guaranteed fixed yearly payments instead of payments determined by profits from T International Realty LLC, TTT Consulting LLC, and TTTT Venture LLC -- which are LLCs tied to some of the Trump Organization's international developments. The yearly payments will total $1.5 million, according to the filings, which was a change made in consultation with Office of Government Ethics officials to reduce her "interest in the performance of the business."
Ivanka Trump also reported over $2 million from severance from the Trump Corp. in 2017. Her father was inaugurated on Jan. 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. Trump was paid a $289,300 advance by Penguin Random House for her book, "Women Who Work."
Kushner disclosed that he had failed to report several stakes in limited liability companies -- including Vegas Seven, which is a Las Vegas online news publication, and the Veggie Grill, a restaurant in Manhattan Beach, California. The filing noted that Kushner divested his stakes before joining the White House but did not report the assets previously because of an accounting oversight.
While Kushner has resigned from 260 corporate positions and no longer has any role in running his family's real estate company, he has repeatedly been subject to public scrutiny over the perception that he has not done enough to draw lines between his private business interests and his sprawling portfolio of West Wing responsibilities.
Kushner Cos. has reported more than $2 billion in transactions in the past two years, including developments in Times Square and Jersey City A Washington Post analysis of his holdings last year showed that Kushner had retained roughly 90 percent of his real estate holdings.
Before entering the White House, Kushner sold his stake in 666 Fifth Ave., the Kushner Cos.' Manhattan building plagued by debt that exceeded $1 billion, to a trust controlled by his mother. (Kushner is not a beneficiary of the trust.)
In a wide-ranging interview in late May with the Real Deal, a New York City real estate publication, Kushner's father derided ethics watchdogs as "jerks" who "can't get a real job" and suggested that the criticism may discourage rich and successful people from taking government positions.
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So, according to the story it is illegal for a federal employee to make money on the side this way. Whether Ivanka and, Jared are getting paid or, not they are federal employees when they work in the White House for the president, even if that president is their "Daddy".
No they are not federal employees. I'm sure all their activities are scrutinized by the lawyers. Please quit posting fake news trivia.
Of course why should they get paid by our government when they can get perks from foreign governments that earn them 82 million a year. Notice though, in the statement above it says they are advisors to the president, which unpaid or, paid, that makes them GOVERNMENT EMPLOYEES.
How much did they give to charity? "Greed is good"
I really question their effect as "presidential advisers" though, truth be told. Donald Trump does what HE wants to do and I doubt if either the princess or his son in law have had much real effect on him since he took office. The president* is in a zone of narcissism and megalomania that America has never seen before.
Actually, it's about all three of them, since the whole Trump clan that are working in the White House have to follow federal law.
List the law...chapter and verse.
Here ya go, read it for yourself.
"and the Office of Government Ethics uses broad ranges to calculate assets and liabilities."
Maybe they should "Narrow" their ranges then ?
It might bring in to light, quite a few Congressman/women dealings though, if they did that.
What got me was her interview where she coyly states that they are forgoing their salary, acting innocent and as they are making no money at all. Meanwhile they are making money at an unbelievable rate.
Crooked grifters. All of them.
Ivanka, Jared, Cohen, all involved in shady deals that over valued and artificially inflated prices. They have been caught lying and manipulating the system many times. I swear, they are like the mafia that cannot get caught.
Then again, it was simple tax evasion that finally brought down Capone.
Pure speculation and sweeping generalizations. Please provide facts instead of feelings.
Read the link.
I don't think you know what that means.
Again, read link.
Please, read the link before making this kind of comment.
I did, and you're still wrong!
Got more … 'course it's all "fake news," right?
Read 6.2.4 I think you'll find that I'm not "digging", it is you who are digging.
Breaking News at this hour: The Trumps are really rich.
Coming up, Wolf Blitzer will be interviewing four natives of Madagascar: the only people left on Planet Earth who had never heard of the Trump family or their massive wealth. Later, Don Lemon will raise his eyebrows in horror and imply to receptive viewers that being rich is a crime.
Over on MSNBC, Rachel Maddow will explore the ominous truth that Ivanka failed to warn America that she makes a lot of money.
No duh. Breaking News, when you work for the government it is illegal to take money from a foreign power.
Getting back to the original topic, Ivanka and Jared are not government employees, they are advisors to the president.
Hey, hair splitter, when you work as an advisor to the president you are a government employee.
We know you mean trump, it's ok, simple mistake on your part.
Closing down the seed for the night, see ya in the morning guys.
Ok, unlocked, keep it civil please.
Sure would be interesting to see how their income has changed since having a White House office, have they made tens of millions every year or is this a big bump?