2020-08-01 16:09:58 UTC
...with 'up to $3million coming from companies that benefited from policies
pushed through by the Trump Administration'
*Financial disclosure records reveal Jared Kushner and Ivanka Trump collectively
made between $36.2 million and $157 million in 2019
*Some of that revenue came from Kushner Companies 'which benefited from a real
estate tax break championed by Ivanka herself', according to Daily Beast
*Ivanka reported $3.9 million in earnings from her stake in the Trump
International Hotel in Washington, DC
*Critics have accused the pair of a conflict of interest, saying they are using
their public positions to advance their private interests
Ivanka Trump and Jared Kushner made somewhere between $36.2 million and $157
million in 2019, financial disclosure records reveal.
The couple, who both serve as Senior Advisors to President Donald Trump, were
required to file documents declaring their assets and liabilities with the
Office of Government Ethics on Friday.
The exact amount of money the pair made is impossible to determine, as they are
only required to 'report in range', according to The Washington Post.
However, even with minimum earnings of $36.2 million, the documents show Ivanka
and Jared continue to make huge amounts of outside income while they work in The
The Daily Beast reports that some of that revenue came from Kushner Companies -
Jared's family business 'which benefited from a real estate tax break championed
by Ivanka herself'.
The filings reportedly show Jared made somewhere between $200,000 and $2.34
million from hotels and other buildings owned by the company at their Pier
Village Project in Long Branch, New Jersey.
In 2018, Long Branch was designated an 'Opportunity Zone' as part of the Tax
Cuts and Jobs Act spruiked by Ivanka.
As part of the legislation, investors in those lower-income 'opportunity zones'
became entitled to certain tax advantages.
The Daily Beast claims Kushner Companies shelled out at least $9 million on
property in the area after the program was passed by the Trump Administration.
Ivanka and Jared's financial disclosure records were blasted by Citizens for
Responsibility and Ethics in Washington (CREW), who claim the couple are pushing
public policies that are actually in their personal interests.
'Ivanka Trump advocated for the Opportunity Zones program while her husband was
profiting from it, representing a clear conflict of interest,' CREW's Jordan
Libowitz told The Daily Beast.
'The program seems to have been made to be easily exploitable by the rich and
well connected, starting with those related to the president.'
Additionally Kushner reported between $100,000 and $1 million from the Vreeland
Avenue Associates - part of a real estate complex where six tenants received
low-interest loans under the Paycheck Protection Program - also spruiked by
Jared and Ivanka.
Meanwhile, Ivanka reported $3.9 million in earnings from her stake in the Trump
International Hotel in Washington, DC.
The hotel has long been seen as a potential conflict of interest because it
hosts diplomats and other government officials who meet with members of the
News of the financial filings was met with outrage on Twitter, with several
critics claiming Ivanka and Jared's sole purpose for working in The White House
was to enhance their personal fortune.
'Isn't that why this family ran for the presidency - to make money? Just
shameful and they get away with it!' one raged.
Both Jared and Ivanka have repeatedly denied any conflicts of interests during
their time working for the Trump Administration.