Filings Show Just How Complex Ivanka Trump's And Jared Kushner's Finances Are
- Author: Salvatore Jensen Apr 01, 2017,
Apr 01, 2017, 19:14
Donald Trump's daughter Ivanka and her husband Jared Kushner have held onto real estate and business investments valued in the hundreds of millions while working government jobs, according to ethics filings released late Friday by the White House.
Other reports have the couple's worth as $240 million.
President Trump has publicly released the financial disclosures of top officials in his administration - including those of his son-in-law Jared Kushner, and White House chief strategist Steve Bannon.
Kellyanne Conway, counselor to the President, was on the bottom end of the list of Trump's affluent aides, sitting on $11 million in assets and earning about $820,000 previous year, the filings show. According to the White House official, Kushner has resigned from 266 positions and already divested from most if not all investments that would pose a potential conflict.
Since his election in November, the president's own business empire has been scrutinised by ethics experts - who say it poses major conflicts of interest. Some - like White House senior strategist Steve Bannon - are merely wealthy.
The Trump administration is considered one of the wealthiest in United States history - Bloomberg estimates his cabinet and senior staff are worth some US$12 billion.
White House Chief of Staff Reince Priebus had assets of between $604,000 and $1.16 million and income of $1.42 million.
The Trump family wealth has been of huge interest ever since the real estate mogul announced he was running for president. All other senior White House personnel - and those earning more than $161,755 a year - are required to submit disclosure reports. The Trumps have a 60-year lease on the federally owned property, just a short walk from the White House. The forms provide a snapshot of their assets when they came into public office and do not necessarily represent what they still have.
Bannon, who helped to bring a fiery economic populism to President Donald Trump's White House, reported as much as $2.3 million in income.
Bannon also disclosed that he earned slightly less than $200,000 past year as executive director of Breitbart News Network LLC, before he resigned to join Mr Trump's campaign last August. She is also a one-third beneficiary of as much as $5 million from the trust of her deceased fiance, actor Michael Clarke Duncan. He disclosed $61,539 in salary from the group before entering the White House.
In his 66-page disclosure, Reed Cordish, assistant to the President for intragovernmental and technology initiatives, disclosed pre-White House assets of between $92 million and $798 million.
Kellyanne Conway disclosed in her filings that she made over $800,000 a year ago from her consulting firm. That reasoning cleared the way for Jared Kushner - Ivanka Trump's husband - to take on a growing list of unpaid advising roles for his father-in-law, the president. She disclosed total assets worth between $6.2 million and $19.4 million.
Most of Conway's assets, more than $31 million, are held in cash or money-market accounts, probably because she had to sell most of her investments before taking a job in the White House. About $566,000 of his income came from the Republican National Committee and the rest from his partnership in a Milwaukee law firm. The two collaborated on one of the new administration's most controversial executive orders - the so-called Muslim ban.
Nearly three-quarters of the Obama White House filers had disclosure statements that were rated "simple" or "moderate" while only a third of the Trump filers were in those categories.