White House releases Jared Kushner's financial disclosure showing wealth, debt have risen

White House releases Jared Kushner's financial disclosure showing wealth, debt have risen

Although Kushner and Trump are not paid a salary for their adviser roles at the White House, ethics experts have criticized the couple's large income flow from their investments and family-related businesses as something that could easily create conflicts of interest. He also took in $5 million from an apartment complex in New Jersey run by the family business.

Ivanka Trump reported United States dollars 3.9 million from her stake in the Trump International Hotel in Washington, as well as more than USD 2 million in severance pay from the Trump Organization, the Washington Post said, citing financial disclosure forms released today.

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.

Ivanka Trump and Jared Kushner may be working as White House advisers, but the couple isn't doing too badly with their side gigs, bringing in at least US$81 million of outside income.

Kushner reported divesting more than 125 assets, and listed several others as being in process of divestment.

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Ivanka's hotel income of $3.9 million is up from last spring when she reported about $2.4 million in profits for the Washington property that has become a staple for those trying to curry favor with the Trump Administration since it opened in September 2016.

Also released Monday were the disclosures covering Chief of Staff John Kelly, White House counselor Kellyanne Conway, and Nick Ayers, chief of staff to Vice President Mike Pence, The Wall Street Journal reports.

"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.

Kushner reported at least $US27 million and as much as $US135 million in outstanding liabilities. (The Post suggests similar ranges of $179 million to $735 million and $55.3 million to $75.6 million.) The couple's ethics counsel adds that their net worth "remains largely the same, with changes reflecting more the way the form requires disclosure than any substantial difference in assets or liabilities".

The figure was outed in financial disclosure forms released Monday. His line credit at IDB Bank increased from a max of $5 million to $25 million.

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