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Disclosures show Kushner’s wealth and debt have risen

12 June 2018

Jared Kushner and Ivanka Trump brought in $82 million in outside income while serving as unpaid senior White House advisers a year ago, according to a Monday Washington Post report.

President Trump's daughter and son-in-law have continued to invest heavily and trade in real estate.

The financial disclosures released by the White House and filed with the US Office of Government Ethics routinely show both assets and debts compiled in broad ranges between low and high estimates, making it hard to precisely chart the rise and fall of the financial portfolios of federal government officials.

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Ivanka Trump, the president's daughter and senior adviser, reported making more than US$12 million a year ago from companies where she held a position, according to her financial disclosure form.

Jared Kushner's filings reveal a sprawling real estate empire, with property in states including New York, New Jersey, Maryland, Illinois, Ohio and CT generating millions in rent. But even as a passive investor, he retains many lucrative investments, which ethics critics have warned could raise conflicts of interest.

Penguin Random House also gave Ivanka an advance payment of $289,000 for her book, which she donated to charity. He also took in $5 million from an apartment complex in New Jersey run by the family business.

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The windfall for Ivanka included $3.9 million from the Trump International Hotel, the family property just down the street from where she works aside her father in the White House, the Washington Post found.

The news sources didn't list all the sources of income for the power couple, but just cited a few examples from financial disclosure forms obtained by the newspaper. The White House had released the president's own financial report last month.

Per the Washington Post, ethics experts are concerned that the extraordinary outside cash flow could create intense conflicts of interest.

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"Since joining the administration, Mr Kushner and Ms Trump have complied with the rules and restrictions as set out by the Office of Government Ethics", Mirijanian said in a statement.

Disclosures show Kushner’s wealth and debt have risen