President Donald Trump's daughter and son in law made at least Dollars 82 million in outside income while serving as senior White House advisers previous year thanks to investment deals from companies they had previously led, news reports said today. Ivanka Trump received almost $4 million from her stake in the Trump International Hotel in Washington, D.C., $2 million from the Trump Organization and $5 million from the trust that oversees her clothing brand.
Per the Washington Post, ethics experts are concerned that the extraordinary outside cash flow could create intense conflicts of interest.
Jared Kushner and Ivanka Trump listen as U.S. President Donald Trump holds a cabinet meeting at the White House in Washington, U.S., April 9, 2018.
Kushner, the president's son-in-law, reported assets of at least $174 million at the end of 2017, according to a person familiar with the couple's financial disclosure documents.
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Bolton also reported at least $11.2 million in assets, most of which were held in what ethics rules call exempted investment funds that don't have to be divested because they invest in a wide variety of securities.
It's hard to determine the couple's precise income a year ago because federal officials report their assets, income and liability in broad ranges only.
Penguin Random House also gave Ivanka an advance payment of $289,000 for her book, which she donated to charity.
Kushner declared income from dozens of companies linked to his family's real estate company.
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Kushner's financial forms show significant debts, according to Politico, which didn't report a total liability figure. That income included $US3.9 million from the Trump International Hotel located in Washington and $US2 million in salary and severance from the Trump Organisation.
"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", Peter Mirijanian, a spokesman for Abbe Lowell, the couple's ethics counsel, told the Washington Post.
The news sources didn't list all the sources of income for the power couple, but just cited a few examples from financial disclosure forms obtained by the newspaper. Trump has come under scrutiny from ethics watchdogs who have accused the president of using his office to promote his properties.
Her husband Jared Kushner earned more than 5 million dollars in income from the Kushner Cos. apartment complex Quail Ridge in New Jersey.
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In addition to earning tens of millions a year ago, the Trump-Kushner power couple have taken on significant debt, apparently mostly due to real estate purchases.