Disclosures show Kushner's wealth and debt have risen

Disclosures show Kushner's wealth and debt have risen

Financial disclosure forms show that White House special adviser - and President Donald Trump's son-in-law - Jared Kushner's wealth and debt both appear to have risen over the year, an indication of the complex state of his finances and the potential conflicts that confront some of his investments.

Ivanka Trump reported 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.

Trump recently scored a batch of trademarks in China as her father continues trade talks with Beijing, garnering scrutiny from some ethics experts.

Ivanka Trump earned at least $82 million in income in 2017, according to the documents. On Monday, new financial disclosures revealed the the couple made at least $82 million in outside income previous year.

Trump reportedly donated the proceeds from the book to the Ivanka M. Trump Charitable Fund.

Kushner pulled in at least $70 million from his shares in his family's real-estate companies, including $5 million from Quail Ridge, a New Jersey apartment building that Kushner Cos. acquired a year ago.

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Also released Monday were the disclosures covering Chief of Staff John Kelly, White House counselor Kellyanne Conway, and Nick Ayers, chief of staff to Vice President Mike Pence, The Wall Street Journal reports.

Mr Kushner's 2017 assets were worth between $179m and $735m, while Ms Trump's were worth between about $55.3m and $75.6m, according to a Washington Post analysis.

Penguin Random House also gave Ivanka an advance payment of $289,000 for her book, which she donated to charity. 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.

Peter Mirijanian, a spokesperson for the couple's attorney Abbe Lowell, told the Washington Post that Kushner and Trump's net worth has not substantially changed during their time at the White House and confirmed that they have both complied with all the ethical rules.

The financial disclosure forms showed that trusts benefiting Kushner, Trump or their children made eight purchases of at least $9.8 million in real estate, including properties in New Jersey and New York City.

Kushner reported divesting more than 125 assets, and listed several others as being in process of divestment. 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.

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