President Donald Trump's daughter Ivanka Trump and her husband Jared Kushner, who are also special advisors to president, took in close to $135 million in revenue last year. The amount is a total from their vast real estate holdings, stocks and bonds and even a book deal, according to their financial disclosures released Friday.
Ivanka Trump, who recently announced another global women's initiative, has a stake in the family's Washington DC hotel down the street from the Oval Office. This alone generated an income of $3.95 million in revenue in 2018. The figure has barely changed since 2017.
The couple's real estate holdings and other investments are worth close to $786 million The said hotel is a favourite gathering spot for foreign diplomats and lobbyists. The holding is currently at the centre of two federal lawsuits concerning Trump, claiming that the president is violating the Constitution's ban on foreign government payments to the president. Ivanka last year had announced that she was closing her fashion company to focus on her work at the White House.
Jared Kushner has partial ownership of his family's real estate business. He has taken in hundreds of thousands of dollars from his holdings of New York City apartments. The value for these come up to $1.5 million. Separately, one of the Kushner family's marquee holdings, the iconic Puck Building in the Soho section of Manhattan, generated as much as $6 million in rent. He also owns a stake in the real estate firm Cadre worth at least $25 million.
According to disclosures released by the White House and filed with the US Office of Government Ethics, revenue of the couple is shown as $28 million last year, which were generated from assets valued at more than $180 million.
These findings filed by federal government officials each year, show revenue, assets and debts in broad ranges. Among other dozens of sources of income for Ivanka Trump, was a $ 263,500 book advance for 'Women Who Work: Rewriting the Rules for Success,' published in 2017. Trump has pledged to donate royalties to her charitable fund.
Jared also owns, among other properties, a former warehouse-turned-luxury-condominium in the Williamsburg section of Brooklyn that brought in more than $350,000 in sale proceeds and rent.
Both Kushner and Ivanka have taken steps to distance themselves from their businesses before taking on their roles as unpaid White House advisers.
Kushner stepped down as CEO of Kushner Cos and sold stakes in many holdings.
