Published: Tue, June 12, 2018
Worldwide | By Jermaine Blake

Trump’s daughter, son-in-law made $82 million last year

Trump’s daughter, son-in-law made $82 million last year

WASHINGTON-Senior White House adviser Jared Kushner saw the minimum value of his assets rise in the first year of President Donald Trump's administration, newly released financial disclosures show.

Senior White House Advisers Jared Kushner and Ivanka Trump attend a reception held at the Israeli Ministry of Foreign Affairs in Jerusalem.

The figure was outed in financial disclosure forms released Monday.

It is hard to determine the couple's precise income previous year because the financial disclosures list assets, income and liability in broad ranges only.

Despite public scrutiny of their finances amid questions of conflicts of interest, a spokesman for the couple's lawyer said Trump and Kushner have followed the rules. "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".

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The couple's disclosures include a number of debts; because each line of credit is only described as a broad spread, their total unpaid debt ranges between $27 million and $135 million. That trust generated over $5 million in revenue previous year.

Ms Trump reportedly earned $3.9m from a stake in Trump International Hotel and more than $5m from her personal brand. The hotel has been a focus of lawsuits against the president and ethics watchdogs, who say Trump is violating the Constitution by profiting from his office, as diplomats spend big money there.

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 previous year. Kushner got a $5 million chunk from a Kushner Companies apartment complex.

Kushner reported at least $US27 million and as much as $US135 million in outstanding liabilities. Several of those properties created at least $5 million in passive income past year. The disclosures also showed that Ivanka Trump owns an interest in that purchase through a family trust.

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