World

Ivanka Trump made $US3.9 million from father's hotel in 2017

Ivanka Trump made $US3.9 million from father's hotel in 2017

Ivanka Trump and Jared Kushner made at least $82 million a year ago while serving as unpaid senior advisers to the president, according to financial disclosure forms released Monday.

Ivanka Trump, the president's daughter and senior adviser, reported making more than US$12 million previous year from companies where she held a position, according to her financial disclosure form. Kushner got a $5 million chunk from a Kushner Companies apartment complex.

According to the disclosures, National security adviser John Bolton pulled in $2.2 million previous year from organizations including Fox News, the conservative think tank American Enterprise Institute, and the Gatestone Institute, an anti-Muslim think tank of which he previously served as chairman.

Kushner also listed a stake in Brooklyn Beer, restaurants in Las Vegas, and Thrive Capital Management, LLC, an investment firm founded by his brother Josh Kushner to focus on media and entertainment.

In an email statement, Peter Mirijanian - a spokesman for Abbe Lowell, Kushner's and Ivanka Trump's ethics counsel - said that the couple have followed all ethics rules and that Monday's disclosures are an insufficient way to understand the nuances of their net worth. Both Trump and Kushner have held positions in more than 200 companies and organizations.




The new disclosure shows that Kushner did take on a new debt a year ago with Bank of America, worth between $5 million and $25 million - but jointly with other investors in Quail Ridge LLC, a company used for his family firm's purchase of Quail Ridge, a 1,032-unit apartment community in Plainsboro, NJ, near Princeton.

In addition to her family-related businesses, Trump earned $289,300 as an advance from Penguin Random House for her book, "Women Who Work". The yearly payments will total $1.5 million, according to the filings, which was a change made in consultation with Office of Government Ethics officials to reduce her "interest in the performance of the business".

The figure was outed in financial disclosure forms released Monday.

Ivanka Trump also reported over $2 million from severance from the Trump Corp.in 2017.


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