Ivanka Trump, Jared Kushner Still Making Money From Trump Businesses, Disclosures Show
- Author: Salvatore Jensen Apr 04, 2017,
Apr 04, 2017, 13:59
After 71 days of President Trump draining the swamp, what we've found as we get closer to the bottom is money, lots and lots of money - in the financial disclosures of his White House advisers.
The documents show a snapshot of what employees' finances looked like when they first joined the United States administration but they do not provide a full account of how White House staff are now disentangling from business assets that could pose possible conflicts of interest. Gary Cohn, who runs the National Economic Council, is worth between $253 million and $611 million.
President Trump's chief strategist is Steve Bannon, a former media mogul.
Financial documents filed by her husband, Jared Kushner, who serves as senior adviser to President Donald Trump, reveal that she earned between $1 million and $5 million from January 2016 to March from the hotel, the Times reports.
Kushner, like Donald Trump a real estate developer and heir to a family fortune, resigned from 266 companies and sold off 58 businesses or investments that lawyers identified as posing potential conflicts of interest.
The colossal wealth amassed by Trump's White House aides is itself only a fraction of what his cabinet appointees have accumulated, approaching $10 billion even without counting adviser on deregulation Carl Icahn, who is worth more than $20 billion but is not covered by disclosure because he is not formally an employee of the U.S. government. Bannon also received $100,000 in income from conservative film production company Citizens United Productions, and his assets are valued at somewhere between $11.8 million and $53.8 million.
Mr Trump has faced questions about conflicts of interest regarding his hotel and golf course businesses since his election.
Mr Trump, a billionaire businessman, and Vice-President Mike Pence, the former IN governor, aren't legally required to file new financial disclosures until next year. The legally required disclosures not only demonstrate the huge personal assets of his team as they entered their new positions, but have continued to cause alarm about ongoing conflicts of interest. Ivanka Trump's branded companies, including her clothing and jewelry lines, brought in more than $5 million in 2016 and are valued at more than $50 million.
This week, Ms Trump officially moved into the West Wing of the White House and is expected to become a government employee.
Trump's chief White House strategist earned between $1.3 and $2.3 million previous year, according to his disclosure report. Being in debt to an Israeli bank could also be seen to compromise Kushner's objectivity when negotiating peace between Israel and Palestinians, which is one of his many roles in the Trump administration.
As part of Kushner's financial disclosure, Ivanka Trump, who recently took an official post in the White House, had to disclose her assets. Furthermore, the pair collected about $195 million in income, reports say.
Beyond her income, Hahn owns a PNC custodial account valued at between $500,000 and $1 million. Officials even refused to distribute a list of appointed White House staff.
Earlier financial disclosures revealed that Mr. Trump's Cabinet - which includes two billionaires and several multimillionaires - is the richest in modern American history, a quality that he has trumpeted as a sign of their smarts.
A guitar player who often performs in public with an '80s cover band called Scott's New Band, McGahn also disclosed that he earned $4,900 past year from a music booking firm.