Ivanka Trump and Jared Kushner earned at least $36 million in outside income in 2019

1 week ago

Jared Kushner and Ivanka Trump

Ivanka Trump and Jared Kushner received at least $36 million in outside income in 2019, according to financial disclosure forms.  The couple continue to receive a substantial income from a range of businesses, investments, and other assets.  Both Trump and Kushner are senior White House advisers, and their outside earnings have raised conflict of interest issues.  Visit Business Insider's homepage for more stories.

Ivanka Trump and her husband, Jared Kushner, earned at least $36 million in income outside their White House roles in 2019, according to financial disclosure forms released on Friday. 

The income, first reported by The Washington Post, is from the businesses, properties, and other assets owned by the couple.

According to the Post, the amount is about $7 million higher than their earnings in 2018, and the real amount may be as high as $157 million, as the Office for Government Ethics does not require officials to submit exact but only approximate income figures. 

Ivanka Trump is President Donald Trump's eldest daughter. Both she and her husband serve as senior advisers in her father's administration, though neither receives a wage.

Since taking office in 2017, the business interests of President Trump and members of his family serving in the administration have posed conflict of interest issues. 

Ivanka Trump closed her fashion business in 2018, a year after after taking a role in the White House. The business had been subjected to a boycott campaign when she initially refused to close it despite working in a government role. She continues to own a stake in her father's business, the Trump Organization, and has a wide range of other assets. 

According to the disclosure forms filed to the Office of Government Ethics, she received $4 million in income from the Trump International Hotel in Washington DC. 

Her husband stepped aside from the day-to-day management of his family real estate firm, Kushner Companies, when he took a job in the White House, but still has part-ownership of the firm. 

Kushner decided earlier this year not to divest of stocks in a real estate tech start-up, Cadre, he co-founded, despite being advised by government ethics lawyers to do so, government ethics nonprofit CREW reported in July. 

The company has received $90 million in investment from foreign sources, according to The Guardian. 

The president has divested himself of his role in the day-to-day running of The Trump Organization, but continues to receive an income from the business. Critics say that this violates the US Constitution's Emoluments clause, which prohibits the president from receiving gifts from foreign powers. 

The president is embroiled in a legal battle with the attorneys general of Maryland and the District of Columbia, who accused the president of violating the clause by soliciting business from foreign officials at his hotel in Washington DC.

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