Politics

Jared And Ivanka Pulled In $80 Million In 2017 But The Numbers Don’t Tell The Whole Story

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Jared Kushner and Ivanka Trump earned over $80 million of outside income in 2017 while serving as unpaid senior White House advisors, but their overall net worth appears to be largely unchanged.

Filings released on Monday by the White House show the couple’s range of assets increased between 2016 and 2017, reports the Wall Street Journal. The documents show that together, the couple held between $229 million and $786 million in assets, up from their reported 2016 range of between $203 million and $740 million.

Together, the couple brought in at least $82 million from various business ventures and investments outside of their government positions. Trump collected $5.0 million from her clothing empire, $3.9 million from her share of the Trump International Hotel and $2.0 million in salary and severance from the Trump Organization, while Kushner’s real estate empire brought in millions. Both Trump and Kushner have holdings in over 200 organizations, reports NPR.

The couple had between $40 million and $200 million of liabilities sometime in 2017, but between $13 million and $65 million have been paid off. Liabilities are required to be documented at their highest point.

It is impossible to determine a White House official’s approximate wealth since the Office of Government Ethics requires assets to be reported in ranges rather than amounts. It is also difficult to compare ranges from previous years since reporting periods overlap by a few months, according to Mercury News.

“[Kushner and Trump’s] net worth remains largely the same, with changes reflecting more the way the form requires disclosure than any substantial difference in assets or liabilities,” said Peter Mirijanian, a spokesperson for the couple’s ethics counsel.

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