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. The money Trump receives from limited liability companies associated with the Trump Organization has been restructured into annual fixed payments of $1.5 million, "a change made in consultation with Office of Government Ethics officials to reduce her "interest in the performance of the business" according to the Post. The White House had released the president's own financial report last month.
Peter Mirijanian, a spokesman for the couple's ethics lawyer Abbe Lowell, said Trump and Kushner are abiding by government ethics rules.
Between Kushner's business loans, his family's business ventures, and his failure to disclose his stakes in various companies, critics have expressed concern that his income is mixed up in ethical complications and potential conflicts of interest.
Ivanka Trump reported United States dollars 3.9 million from her stake in the Trump International Hotel in Washington, as well as more than USD 2 million in severance pay from the Trump Organization, the Washington Post said, citing financial disclosure forms released today.
The Trump International Hotel at 1100 Pennsylvania Avenue, Washington. His line credit at IDB Bank increased from a max of $5 million to $25 million. He reported more than $US5 million in capital gains from the sale of a shopping mall in the Bronx, New York. "As to the current filing which OGE also reviews, their net worth remains largely the same, with changes reflecting more the way the form requires disclosure than any substantial difference in assets or liabilities".
Kushner brought in at least $5 million from Quail Ridge, a Kushner Cos. apartment complex in Plainsboro, N.J. Such moves do not mean that Kushner has yet accumulated that debt, but has the ability to do so. The president's son-in-law closed out a line of credit from Valley National Bank that had between $5 million and $25 million in debt previous year.
Under an ethics agreement he signed when he joined the administration in early 2017, Kushner withdrew from his position as CEO of Kushner Companies.