Jared Kushner and Ivanka Trump’s final financial disclosure reports reveal that the couple earned up to $120 million in combined income from 2020 through January 20, 2021, according to Citizens for Responsibility and Ethics in Washington (CREW).
This means over the four years they worked in the White House for “free,” the couple earned as much as $634 million.
Financial disclosure reports previously indicated that former President Trump’s daughter and son-in-law took in as much as $157 million in 2019, CREW reported.
In 2018, the couple took in as much as $135 million, per The New York Times. And in 2017, their first year in the White House, the pair earned as much as $222 million in combined income, according to the same Times’ story.
From CREW’s latest report:
According to her final financial disclosure report, Ivanka Trump did not receive any income from the businesses she ran before entering government in her final year working at the White House. In each of her previous disclosures, including the one covering 2019, she reported income from the businesses despite reporting that they ceased operating in July 2018.
Ivanka Trump’s interest in and income from the Trump International Hotel in Washington, DC also decreased dramatically in 2020. In her combined annual/termination report, she reported $1,463,449 in hotel-related revenue, down from nearly $4 million in her previous disclosure. By the time she left the White House, the value of her stake in the hotel dropped from between $5 and $25 million as reported in her previous disclosures to $100,001 to $250,000. The sudden decrease in value is not explained in her financial disclosure report, but it appears that Trump did not sell a significant portion of her stake in the hotel because there is no corresponding transaction related to the entity in the disclosure.
Kushner’s final report “shows that he retained his controversial interest in the real estate technology company Cadre for the entirety of his time in government,” CREW reported.
Though his interest in the company posed possible conflicts from the moment he started working at the White House, Kushner finally committed to divest his $25 to $50 million stake in the company in February 2020 due to concerns over its international business dealings.
However, CREW found “at Kushner’s request, the Office of Government Ethics withdrew the certificate of divestiture related to his plans to sell his interest in the company in June 2020.”
The pandemic reportedly halted Kushner’s planned sale but an anonymous representative for Kushner told CNBC in July that he still planned to sell his interest in the company. The sale, however, never went through according to Kushner’s latest financial disclosure report.
Kushner also reported a newly-formed offshore holding company located in the British Virgin Islands, “Kushner Companies BVI Limited (Holding Company, British Virgin Islands),” which has apparently resulted in a restructuring for some of his holdings. According to his disclosure, the entity was formed in 2020. It appears that several of his holdings are now held through the offshore company, including the Puck Building LP, which is valued at more than $25 million.
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