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$0 Salaries Didn't Hurt Ivanka, Kushner in 2017

12 June 2018

Ivanka Trump and Jared Kushner earned at least $82m (£61m) in outside income in their first year as unpaid senior advisers to the president, disclosure forms cited by USA media say.

Also released Monday were the disclosures covering Chief of Staff John Kelly, White House counselor Kellyanne Conway, and Nick Ayers, chief of staff to Vice President Mike Pence, The Wall Street Journal reports.

"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", Mirijanian said. The latest disclosure shows it was worth at least $25 million at the end of past year, up from a minimum value of $5 million in his previous disclosure.

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 a year ago in Plainsboro, New Jersey. Federal rules require top officials to report income, assets and liabilities in broad ranges. Both Trump and Kushner have held positions in more than 200 companies and organizations.

Ivanka Trump net worth in 2018
Minimum Size of Jared Kushner’s Wealth Rose in First Year in White House, Disclosure Shows

Kushner's income, for instance, included more than US$6 million from Quail Ridge, a Plainsboro, New Jersey, apartment complex the Kushner company, now run by his relatives, acquired past year. Trump will now receive guaranteed fixed yearly payments instead of payments determined by profits from T International Realty LLC, TTT Consulting LLC, and TTTT Venture LLC - which are LLCs tied to some of the Trump Organization's international developments. Several of those properties created at least $5 million in passive income past year.

Kushner reported at least $US27 million and as much as $US135 million in outstanding liabilities. His line credit at IDB Bank increased from a max of $5 million to $25 million.

The disclosure showed that Kushner reported making at least $5 million in income from the development since Kushner Companies bought the complex in September. But even as a passive investor, he retains many lucrative investments, which ethics critics have warned could raise conflicts of interest.

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$0 Salaries Didn't Hurt Ivanka, Kushner in 2017