Jared Kushner and Ivanka Trump worth up to $700M in combined assets

[corbe]

Jared Kushner and Ivanka Trump worth up to $700M in combined assets

Published April 01, 2017
FoxNews.com
 

The Wall Street Journal reported that Jared Kushner, a senior adviser, and Kushner’s wife Ivanka Trump held at least $240 million and as much as $700 million. The report said her business alone is valued at more than $50 million.

The White House on Friday released financial-disclosure reports for about 180 of its top staffers, including details on the assets held by his son-in-law and daughter, who both have advisory roles.

The Wall Street Journal reported that Jared Kushner, a senior adviser, and Kushner’s wife Ivanka Trump held at least $240 million and as much as $700 million. The report said her business alone is valued at more than $50 million. 

Kushner, Trump's senior adviser, resigned from more than 260 entities and sold off 58 businesses or investments that lawyers identified as posing potential conflicts of interest, the documents show.

But his lawyers, in consultation with the Office of Government Ethics, determined that his real estate assets, many of them in New York City, are unlikely to pose the kinds of conflicts that would trigger a need to divest.

"The remaining conflicts, from a practical perspective, are pretty narrow and very manageable," said Jamie Gorelick, an attorney who has been working on the ethics agreements for Kushner and Ivanka Trump.

Kushner began selling off the most problematic pieces of his portfolio shortly after Trump won the election, and some of those business deals predate what is required to be captured in the financial disclosure forms.

For example, Kushner sold his stake in a Manhattan skyscraper to a trust his mother oversees. Jared Kushner, Ivanka Trump and their three minor children have no financial interest in that trust, his lawyer said. The Kushner Companies, now run by Jared Kushner's relatives, are seeking investment partners for a massive redevelopment.

Top officials in the Trump White House tend to be far wealthier, and therefore more entangled in businesses that could conflict with their government duties, than people in previous administrations.

Trump's chief strategist, Steve Bannon, disclosed assets between $13 million and $56 million, including his influential political consultancy, Bannon Strategic Advisors Inc., worth as much as $25 million. Bannon also disclosed that he earned slightly less than $200,000 last year as executive director of Breitbart News Network LLC, before he resigned to join Trump's campaign last August.

The documents show he was vice president of the data firm Cambridge Analytica for more than two years, before resigning in August 2016 to help run Trump's campaign. Cambridge was the main data provider for Texas Sen. Ted Cruz, who waged a bitter battle with Trump for the Republican nomination. Bannon's consulting firm pulled in more than $125,000 from Cambridge last year.

White House Press Secretary Sean Spicer described the business people who have joined the administration as "very blessed and very successful," and said the disclosure forms will show that they have set aside "a lot" to go into public service.

The financial disclosures — required by law to be made public — give a snapshot of the employees' finances as they entered the White House. What's not being provided: the Office of Government Ethics agreements with those employees on what they must do to avoid potential conflicts of interest.

Those documents will never be made public, White House lawyers said, although the public will eventually have access to "certificates of divestiture" issued to employees who are seeking capital gains tax deferrals for selling off certain assets.

Kushner, for example, received certificates of divestitures for his financial interests in several assets, including several funds tied to Thrive Capital, his brother Joshua Kushner's investment firm.

He and Ivanka Trump built up companies the documents show are worth at least $50 million each and have stepped away from their businesses while in government service. Like the president himself, however, they retain a financial interest in many of them. Ivanka Trump agreed this week to become a federal employee and will file her own financial disclosure at a later date.

Kushner's disclosure shows he took on tens of millions of dollars of bank debt in 2015 and 2016, including liabilities with several international banks whose interests could come before the Trump administration.

<..snip..>

http://www.foxnews.com/politics/2017/04/01/jared-kushner-and-ivanka-trump-worth-up-to-700m-in-combined-assets.html

[Applewood]

So how much are we taxpayers paying them to be Trump's advisors?

[truth_seeker]

So how much are we taxpayers paying them to be Trump's advisors?

"From each according to his ability, to each according to his need" Karl Marx

in this instance, the pseudo "true conservative" envy version

ie. Rich people shouldn't be compensated, since they already have enough



 

[mountaineer]

So how much are we taxpayers paying them to be Trump's advisors?

Ivanka will not be paid, according to Daily Caller. Still trying to find out about Kushner.

[mountaineer]

Both unpaid, according to Bloomberg:

Kushner and his wife, Ivanka Trump, whom the White House announced would become an employee subject to the rules, will both be unpaid.

[Applewood]

"From each according to his ability, to each according to his need" Karl Marx

in this instance, the pseudo "true conservative" envy version

ie. Rich people shouldn't be compensated, since they already have enough

Yeah, right.  I have class envy. Pffft!

As a taxpayer, I want to know where my money goes and who is getting it.  In this case, I want to know why Trump needs the "advice" of his family members.  As I recall, voters elected Donald Trump, not his whole family.  The US isn't the UK or anywhere else where they have a monarchy.  We don't have a royal family.

Remember when Obama's mother-in-law moved into the White House?  I remember the wailing of those who wanted to know how much the taxpayers were paying to keep this woman. 

But I guess when a person worships Trump, he or she doesn't care how he spends his or her money and where that money is going.

[Applewood]

Both unpaid, according to Bloomberg:

Thanks, @mountaineer.  Although I would like to know whether they are footing the bill for their office furnishings, staff and so on. 

[EC]

Thanks, @mountaineer.  Although I would like to know whether they are footing the bill for their office furnishings, staff and so on.

Regarding office furnishings there isn't going to be much of a bill, they'll be pulling stuff from a warehouse or two. Gifts from another government to the US government (and a surprising amount of furniture gets given) are stored and available for use by anyone high ranking enough. Most of the stuff from previous occupants of all high offices is also in storage and available for use. (I'll try to find the rather long article I'm recalling this from, but it was quite a few years ago. Think it was in Newsweek.)

[geronl]

Bannon was paid $200,000 a year to run a website?

[geronl]

Both unpaid, according to Bloomberg:

Unpaid... but she gets a staff and an office and influence (remember she's a lefty)

[geronl]

"From each according to his ability, to each according to his need" Karl Marx

What is worse is when people think public servants are our masters

[Silver Pines]

I don't care how much money they're worth; they're welcome to it.  I just want Ivanka's butt out of the White House.  She has absolutely no business being there.