Ivanka Trump and Jared Kushner earned between $172 million and $640 million from outside sources while serving in the Trump administration, according to a study of their financial filings. It is standard practice that things like income and the value of real estate are reported in broad ranges in government financial disclosures, so it’s hard to pin down the exact amount the couple made. Before Ivanka and just over a month before Jared entered their father’s administration, the financial report covers four months of revenue. Ivanka and Jared attempted to stave off accusations of nepotism at the time by refusing to accept salaries for their positions in the White House. They actually didn’t need that government wage, which would have made up less than 1% of their other revenue, it turns out.
Ivanka’s ownership interest in the Trump Hotel in Washington, DC, which is adjacent to the White House, contributed to her income in part. People trying to get in touch with the Trump administration utilized the hotel as a type of headquarters. Ivanka and Jared visited the hotel 23 times in total. Since 2017, Ivanka has profited more than $13 million from the Trump Hotel DC. In the years from 2017 to 2019, she earned about $4 million annually. She earned $1.5 million in 2020. Meetings and travel were slowed during the outbreak. Financial reports also showed that Ivanka’s ownership of the Trump Hotel was significantly lower in 2020. Her ownership interest in the hotel was previously disclosed to be worth between $5 million and $25 million. It had been revealed by the time she departed the White House to be between $100,000 and $250,000. Due to the lack of a transaction record, she did not sell any of her stake. So that’s a mystery.
Ivanka’s financial statement has more oddities than the Trump Hotel DC and the enigma surrounding her falling ownership. She declared that her Ivanka brand would be discontinued in 2018. According to reports, the Ivanka brand shut down on July 31, 2018. However, she made up to $1 million from her brand in 2019, which is curious since according to a disclosure Ivanka filed with the government in mid-2018, her brand no longer existed.
The debate regarding Ivanka’s earnings and business connections is more heated. She was dogged by issue after scandal involving alleged conflicts of interest with her different enterprises throughout her time in the White House. She, for instance, acquired international trademarks that she will use after leaving the White House. Two trademarks for Ivanka’s company were renewed in Russia one month prior to her father’s election as president in 2016. The day after her father won the election, Ivanka’s business applied for trademarks in Japan that were approved when Vice President Pence met with then-Prime Minister Abe in Japan. About a week before her trademarks were approved, Ivanka and her father visited with the Prime Minister as well. She received approval for further trademarks in Japan in 2017.
Then, in October 2018, China granted Ivanka’s brand 16 new trademarks, one of which covered voting machines. Three months after the brand allegedly went down, this all took place. Six months after the Ivanka brand reportedly shut down, it was given a trademark to sell the Ivanka brand in Canada. Ivanka received approval for at least 28 international trademarks while working in her father’s White House administration.
When she worked on the Opportunity Zones program for the Trump administration, Ivanka broke the law. This reportedly violated federal conflict of interest law because her husband Jared had millions of dollars in financial interests in an entity called Cadre that benefitted from the Opportunity Zones program. Jared had an interest in Cadre worth between $5 million and $25 million when he began working for the Trump administration. That shareholding increased over time from $25 million to $50 million. Oh, and Kushner first hid the fact that he owned Cadre. In reality, according to the White House’s ethics official, Jared had to divest himself of Cadre in order to work there. Never did he.
In order for Ivanka Trump and Jared Kushner to work in the White House, Trump persuaded the Department of Justice to overturn decades-old precedent. Neither of them was qualified to do the jobs they were tasked with and yet, it appears Ivanka and Jared walked away from the White House hundreds of millions of dollars richer.
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