Jared Kushner and wife Ivanka Trump made at least $80 million in outside income past year while working as White House advisers to President Donald Trump, according to newly-released financial disclosure forms.
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 past year in Plainsboro, New Jersey.
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Ivanka Trump and Jared Kushner may be working as White House advisers, but the couple isn't doing too badly with their side gigs, bringing in at least US$81 million of outside income.
Quickly becoming one of the most popular get-together spot for Republicans and Trump supporters across the world, the luxury hotel on the historic Old Post Office site, which opened September 2016, has brought in almost $4 million for the president's daughter in 2017, up from the $2.4 million reported in the 2016 statement.
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.
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He is not involved in managing Kushner Co., his family's real estate company, but had $2 billion worth of transactions during 2016 and 2017, according to the Post. Trump was paid a $289,300 advance by Penguin Random House for her book, "Women Who Work".
Kushner's financial forms show significant debts, according to Politico, which didn't report a total liability figure. In all, he took in at least United States dollars 70 million, the Post said.
Jared Kushner's filings reveal a sprawling real estate empire, with property in states including New York, New Jersey, Maryland, Illinois, Ohio and CT generating millions in rent.
A spokesman for Kushner's and Ivanka Trump's ethics counsel issued a statement on the financial disclosures, saying the couple followed their ethical obligations, but the forms don't allow them to properly describe their net worth.
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. 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.