Thursday, 4 February 2021

Ivanka Trump and Jared Kushner's personal income slumped more than 20% during their final year in the White House - but the couple still raked in up to $120 MILLION

 Ivanka Trump and her husband Jared Kushner saw their personal income drop more than 20 percent during former President Donald Trump's final year in office, according to a new report.

The couple, dubbed ‘Javanka’, reported between $23.8 million to $120 million in income for 2020 in their financial disclosure forms as White House advisers.

That total marks a $36 million decrease on the up to $156 million the couple reported for the same period a year earlier, according to Bloomberg.  

Officials are only required to disclose the value of their assets and their non-governmental income in broad ranges.  

But while still extremely wealthy, the disclosure suggests that Ivanka and Jared have lost ground economically as a result of their controversial roles in Donald Trump’s administration during his tumultuous final months in office.  

The couple has also been impacted financially by the ongoing coronavirus pandemic, as they both have extensive holdings in businesses - such as hotels - which have been hard hit over the last 11 months. 

Ivanka Trump and her husband Jared Kushner saw their personal income drop more than 20 percent during former President Donald Trump's final year in office

Ivanka Trump and her husband Jared Kushner saw their personal income drop more than 20 percent during former President Donald Trump's final year in office

Neither Ivanka, 39, nor Jared, 40, took a salary during their time as advisers to former President Trump.

In 2017, shortly after joining the White House staff, they reported an income of as much as $195 million - $75 million more than the couple disclosed this year. That initial disclosure, however, covered a longer period of time than 2020's.

As for overall assets, the couple’s figures increased only a small amount, if at all, over the last four years – a period of time in which the stock market climbed more than 60 percent.


In their most recent disclosure, Javanka listed assets worth between $206 million and $803 million.

Comparatively, in 2017 they listed a figure between $241 million and $741 million, and in 2019 disclosed assets valued between $203 million and $783 million.

Both heirs to family real-state empires, Jared and Ivanka also have extensive holdings in businesses which have been hard hit by the ongoing coronavirus pandemic, which may account for their financial shortcomings.

While still extremely wealthy, the disclosure suggests that Ivanka and Jared have lost ground economically as a result of their controversial roles in Donald Trump’s administration during his final months in office

While still extremely wealthy, the disclosure suggests that Ivanka and Jared have lost ground economically as a result of their controversial roles in Donald Trump’s administration during his final months in office

According to Bloomberg, Jared reported as much as $117 million in income for 2020, mostly from rent of royalties tied to residential and commercial properties he owns.

Jared also reported $1.8 million from Westminster Management, the Kushner family’s management firm for multifamily housing in several states, including New York and Tennessee. 

The disclosure also reportedly shows that he holds a stake valued between $25 million and $50 million in the real state investing and technology company Cadre, which he co-founded.

Ivanka’s form, meanwhile, disclosed her many ties to the Trump family business, and showed income of $1.5 million from her stake in the Trump International Hotel in Washington in 2020 – down from around $4 million last year.

The 39-year-old also disclosed an additional $1.5 million from several limited companies she owns stakes in.

Further, according to Bloomberg, the form also lists Ivanka’s many trademarks and licensing contracts for her fashion, home goods and other businesses.

However, those brought in as little as $0 or up to $200, the outlet reported. Ivanka famously shut down her eponymous fashion line in 2018 after retailers like Nordstrom pulled it from shelves, citing poor sales.

Between them, the couple also listed artwork valued between $5 million and $25 million.

Ivanka reported income of $1.5 million from her stake in the Trump International Hotel (above) in Washington DC - down from around $4 million last year

Ivanka reported income of $1.5 million from her stake in the Trump International Hotel (above) in Washington DC - down from around $4 million last year

As for overall assets, the couple’s figures increased only a small amount, if at all, over the last four years – a period of time in which the stock market climbed more than 60 percent

As for overall assets, the couple’s figures increased only a small amount, if at all, over the last four years – a period of time in which the stock market climbed more than 60 percent

During the Trump presidency, Ivanka’s role as a White House aide included serving as the co-chair of the American Workforce Policy Advisory Board, which helped push for skills-based hiring over college degrees.

Jared, meanwhile, assisted former President Trump in helping to broker peace deals between Israel and other Middle Eastern nations, overseeing the US-Mexico border wall, and managing the nation’s medical stockpile amid the coronavirus pandemic.

During their controversial tenures, the couple also came under repeated media scrutiny over their private business dealings.

In January 2019, Ivanka came under fire for a series of trademarks she obtained in China – including for wedding dresses and child care centers – which raised ethical concerns.

Critics argued that by asking a foreign government for valuable intellectual property rights, White House officials could open themselves to pressure in government negotiations.

Likewise in 2018, Jared was widely scrutinized over two loans worth up to $500 million that his family business received, with critics claiming the motion may have violated federal ethics regulations or criminal laws.

Donald and Melania Trump are seen above on January 20 being greeted by the Trump children on the tarmac at Joint Base Andrews in Maryland

Donald and Melania Trump are seen above on January 20 being greeted by the Trump children on the tarmac at Joint Base Andrews in Maryland

The following year, Jared’s father, the recently pardoned Charles Kushner, penned an op-ed for the Washington Post, blasting the media for its unfavorable coverage of his family’s business dealings.

The senior Kushner also lashed out at claims his son was engaging in conflicts of interest regarding his business and his work for the president.

‘Jared’s service to the country has brought unprecedented scrutiny of the Kushner Companies from the media and government investigators,’ the op-ed reads. ‘We are happy to assist with all inquiries, but I must note that we are already voluntarily adhering to the strictest standards to avoid even the appearance of conflicts. As a result, we have passed up many business opportunities that we normally would have pursued.

‘That might not be as alluring as some of the crazy stuff I read about my family and our businesses,’ he said. ‘But it happens to be the truth.’

Donald Trump also routinely claimed during his time as Commander-in-Chief that his family had sacrificed personal gain for the good of the country.

In his farewell speech on January 20 at Joint Base Andrews, before departing on Air Force One to Mar-a-Lago, Trump thanked his family for everything they’d done during his one term as president.

‘People have no idea how hard this family works,’ he said.

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