Tuesday, 19 June, 2018

White House releases Jared Kushner's financial disclosure showing wealth, debt have risen

Minimum Size of Jared Kushner’s Wealth Rose in First Year in White House, Disclosure Shows Jared Kushner, Ivanka Trump Reportedly Made $82 Million in Outside Income in 2017 While WH Advisers
Ellis Copeland | 12 June, 2018, 22:02

The documents released Monday show that Ivanka Trump earned $3.9 million from the Trump International Hotel in Washington, D.C. She earned another $2 million in salary and severance from the Trump Organization and a further $5 million from the trust that controls her brand for clothing.

While both Kushner and Ivanka Trump were required to file financial forms previous year, 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.

Senior adviser and daughter Ivanka Trump (L), and senior adviser and son-in-law Jared Kushner (R) attend a summit at the East Room of the White House May 18, 2018 in Washington, DC.

Bolton also reported at least $11.2 million in assets, most of which were held in what ethics rules call exempted investment funds that don't have to be divested because they invest in a wide variety of securities.

The news sources didn't list all the sources of income for the power couple, but just cited a few examples from financial disclosure forms obtained by the newspaper. 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. In all, he took in at least $70 million, the Post said. Her book Women Who Work netted her a $289,300 advance from Penguin Random House.

Minimum Size of Jared Kushner’s Wealth Rose in First Year in White House, Disclosure Shows

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. And he reported a new loan from Bank of America for between $5 million and $25 million that is payable by 2022 related to the Quail Ridge property.

The couple's disclosures include a number of debts; because each line of credit is only described as a broad spread, their total unpaid debt ranges between $27 million and $135 million.

"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", he said.

The figure was outed in financial disclosure forms released Monday.

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