Ivanka Trump and Jared Kushners' finances revealed in disclosure documents
- Author: Zachary Reyes Apr 01, 2017,
Apr 01, 2017, 19:50
Those documents will never be made public, White House lawyers said, although the public will eventually have access to "certificates of divestiture" issued to employees who are seeking capital gains tax deferrals for selling off certain assets.
Ivanka Trump listed the value of her investment in the new Trump International Hotel in Washington as between $5 million and $25 million. While a public official is forbidden from appointing a relative "to a civilian position in the agency. over which (the official) exercises jurisdiction or control", the DOJ memo concluded that the president's special hiring authority exempts positions in the White House from that section of the law.
The documents, which USA media have uploaded online, list asset values within a range, rather than giving precise figures.
Ivanka Trump - who just days prior announced she would officially enter a federal role as an unpaid adviser to the United States president - will retain her stake in the Trump International Hotel, located blocks from the White House. The Trumps have a 60-year lease on the federally owned property, just a short walk from the White House. The Kushner Companies, now run by Jared Kushner's relatives, are seeking investment partners for a massive redevelopment. The 36-year old real estate developer will continue to get financial benefits from majority of his business arms via a series of trusts. Some - like White House senior strategist Steve Bannon - are merely wealthy.
He also had between $3.3m and $12.6m in assets.
For example, Reed Cordish, assistant to the president for intragovernmental and technology initiatives, disclosed pre-White House assets of between $92 million and $798 million.
Before being appointed counsellor to President Trump, Kellyanne Conway was worth as much as $40m from her investments and income from her personal political consulting firm.
The March 17 filing also showed that Cohn planned to divest more than $216 million in Goldman Sachs shares, 18 other publicly traded stocks and investments in eight company-managed funds.
Ivanka Trump's finances will not be among them, senior administration officials said, noting that the disclosure forms would be available later tonight.
Potential conflicts of interest may have already been eliminated.
"The president has brought a lot of people into this administration, and this White House in particular, who have been very blessed and very successful by this country", White House spokesman Sean Spicer said Friday.
Before joining the White House as an aide to Bannon, Julia Hahn was a mysterious, flame-throwing, right-wing blogger for Breitbart, where she earned $117,217 in 2016.
Financial disclosures released by the White House on Friday show that senior officials were among the wealthiest people ever to join a presidential administration.
The president has estimated his net worth at approximately $10 billion but has not filed the same disclosure required of his staff.
However, those attorneys, in consultation with the Office of Government Ethics, determined that most of his real-estate assets posed conflicts that were "pretty narrow and very manageable", the Associated Press reports.
Fears have been raised that interest groups or foreign governments might stay at the luxury Trump hotel in Washington in a bid to win the administration's favour.