Minimum Size of Jared Kushner’s Wealth Rose in First Year in White House, Disclosure Shows
13 June, 2018, 03:33
Kushner declared income from dozens of companies linked to his family's real estate company.
Ivanka Trump and Jared Kushner earned at least $82 million a year ago from investments and business concerns outside of their jobs as unpaid senior advisers to the president, according to financial disclosures released by the White House.
Kushner reported at least $27 million and as much as $135 million in outstanding liabilities.
The financial disclosures released by the White House and filed with the U.S. Office of Government Ethics routinely show both assets and debts compiled in broad ranges between low and high estimates, making it hard to precisely chart the rise and fall of the financial portfolios of federal government officials.
In addition to earning tens of millions past year, the Trump-Kushner power couple have taken on significant debt, apparently mostly due to real estate purchases. The transactions occurred between March and September 2017.
Some of the couple's assets were listed jointly.
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A newly-released 2018 financial disclosure shows that White House special adviser Jared Kushner's wealth and debt both rose significantly over the year.
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.
As CNNnoted, the broad ranges come as a result of it being "impossible to calculate precise totals of income and assets because the documents - which are used throughout government - ask officeholders to disclose figures in ranges, such as '$100,000 to $1,000,000'".
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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 previous year in Plainsboro, New Jersey. He also took in $5 million from an apartment complex in New Jersey run by the family business.
"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. 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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