New financial documents published by the Center for Responsibility and Ethics in Washington (CREW) revealed that former White House advisors Ivanka Trump and Jared Kushner made as much as $640 million during their time in the Trump administration.
The daughter and son-in-law of former President Trump earned anywhere between $172 million and $640 million in outside income while holding a job at the White House, the government watchdog group said, citing the couple’s financial disclosures.
The daughter and son-in-law of former President Trump both pledged to forego government salaries in an attempt to sidestep concerns over nepotism. But CREW’s review shows the couple, like Trump, still earned considerable sums from the Trump Hotel in Washington.
“All told, Ivanka made more than $13 million from the hotel since 2017, dropping from about $4 million a year between 2017 and 2019 to about $1.5 million last year, at least in part due to the pandemic,” according to the report, which called the hotel a “locus of influence peddling in the Trump administration.”
The financial disclosures, which report income in ranges, also showed a sharp drop in Ivanka Trump’s stake in the hotel. In her final disclosure she listed the value of her ownership in the hotel between $100,000 to $250,000 this year after previously claiming her stake to be worth between $5 million and $25 million. She did not report selling any of her ownership share in the hotel, The Hill reports.
During his final year working for the administration, Kushner also opened a new offshore holding company located in the British Virgin Islands, Kushner Companies BVI Limited, which holds several assets, including the Puck Building LP, which is valued at more than $25 million.