Ivanka Trump, Jared Kushner Reaped Stunning Amount Of Outside Income At White House
Ivanka Trump and Jared Kushner tried to portray themselves as selfless public servants making financial sacrifices when they declined to take public paychecks while serving as White House advisers to former President Donald Trump.
But the couple ― who last year reportedly spent $30 million on undeveloped property on a Florida island ― nevertheless raked in between $172 million and $640 million in outside income from their myriad business interests during their four years in the Trump administration, according to the watchdog group Citizens for Responsibility and Ethics in Washington’s analysis of financial disclosures released on Monday.
The exact earnings of the ex-president’s daughter and son-in-law are difficult to determine because “the income is sometimes in reported in broad ranges” and covered several months before they joined the White House, according to the group.
But even at the lower end of the estimated scale, the couple’s income works out to around $43 million per year ― or $21.5 million each.
Most Trump White House advisers were paid $183,000 per year.
The majority of Ivanka Trump’s income (around $13 million) came from her ownership stake in the Trump Hotel in Washington, according to CREW. The group described the hotel as “the locus of influence-peddling in the Trump administration.”
Ivanka Trump’s attainment of “foreign trademarks to use after leaving the White House may have been her biggest accomplishment,” the group added. Russian, Chinese and Japanese authorities renewed or approved trademarks while her father was in office.
Jared Kushner, meanwhile, saw his stake in real estate investment platform Cadre soar from being worth between $5 million to $25 million at the beginning of Trump’s administration to between $25 million to $50 million at the end, according to CREW.
“Despite the fact that the top White House ethics official determined at one point that it was “reasonably necessary” for him to divest from Cadre in order to do his job at the White House, he never did,” CREW’s analysis noted, citing the company’s apparent conflict of interest with the Trump administration’s Opportunity Zones program.
CORRECTION: The article previously incorrectly said the $30 million had been spent on a mansion on a Florida island, and not just the land.
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