The United States President’s eldest daughter, Ivanka Trump and her husband, Jared Kushner, reported income of at least $36 million in 2019. This comes in light via financial disclosure reports made public on Friday.
Having a new career as White House officials for the past few years, the couple’s investments mostly in real estate, which is worth at least $204 million and as much as $783 million, roughly the same as their maximum value of $786 million in 2018, as reported by NYTimes.
Notably, federal disclosure reports show ranges of income and asset values. In some cases, they require only a minimum figure, making it impossible to discern a precise maximum figure for income.
In this way, during 2019 the couple’s income could have been as much as $157 million (or possibly more). That compares with a range in 2018 of $29 Mn to $135 Mn.
Meantime, Jared Kushner continued stake in his family real estate firm, Kushner Cos., has drawn criticism, as the company has sought investments when he holds major government positions, including his role as an unofficial diplomat in the Middle East.
Although he has shed some assets, he has retained the vast majority of properties that were in his portfolio when he entered government service. Kushner stepped down from his position with Kushner Cos. before he started working in the government.
Interestingly, this couple’s overall income was also down compared with 2017, when they reported at least $82 Mn. Also, Mr. Kushner disclosed a new loan of $5 Mn to $25 Mn with Bank of America.
Ivanka Trump said in 2018 that she was shutting down her fashion brand. She did retain stakes in some of the family’s businesses and continues to draw income from them. She earned $3.95 million from the Trump International Hotel in Washington. But this hotel also becomes the reason for criticism over concerns that guests there are using their hotel stays as a way to influence the administration.