Ivanka Trump, Jared Kushner made USD 82 mn last year: reports

Image
AFP Washington
Last Updated : Jun 12 2018 | 9:55 AM IST

President Donald Trump's daughter and son in law made at least USD 82 million in outside income while serving as senior White House advisers last year thanks to investment deals from companies they had previously led, news reports said today.

Ivanka Trump reported USD 3.9 million from her stake in the Trump International Hotel in Washington, as well as more than USD 2 million in severance pay from the Trump Organization, the Washington Post said, citing financial disclosure forms released today.

Her husband Jared Kushner earned more than USD 5 million in income from the Kushner Cos. apartment complex Quail Ridge in New Jersey.

Kushner declared income from dozens of companies linked to his family's real estate company. In all, he took in at least USD 70 million, the Post said.

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.

The Post estimated Kushner's assets at USD 179 million to USD 735 million last year, compared to between USD 55.3 million and USD 75.6 million for Trump, noting that the Office of Government Ethics uses broad ranges for assets and liabilities. Some of the couple's assets were listed jointly.

In July 2017, the time of their last financial disclosure, the couple reported joint income of at least USD 19 million from business ventures and another USD 80 million in real estate and other revenue between January 2016 and early 2017.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 12 2018 | 9:55 AM IST

Next Story