Ivanka Trump and Jared Kushner's White House Run Ended With Sharp Income Drop

Donald Trump’s daughter Ivanka Trump and son-in-law Jared Kushner reported as much as $120 million in income for 2020 in their final financial disclosure forms as White House advisers, a more than 20% drop from what they reported a year ago.

The couple, both of whom waived government salaries, said they had income of at least $23.8 million and as much as $120 million during 2020 and the first 20 days of 2021. That compares to the figure of as much as $156 million for the same period a year earlier. Officials are only required to disclose the value of their assets and their non-governmental income in broad ranges.

Overall, the disclosures suggest Trump and Kushner, though still extremely wealthy, lost ground or tread water economically during their controversial stints in her father’s administration. In 2017, shortly after joining the White House staff, they reported income of as much as $195 million, but that initial disclosure covered a longer period of time than the ones that followed.

The couple’s assets appreciated only modestly, if at all, over the last four years, during which the stock market climbed more than 60%. In their most recent disclosure, they listed assets worth between $206 million and $803 million, compared to a 2017 figure of between $241 million and $741 million. They listed assets worth between $203 million and $783 million last year.

The pair -- scions of family real-estate empires -- have extensive holdings in businesses hit hard by the coronavirus pandemic. Kushner reported as much as $117 million in income, mostly from rent or royalties tied to residential and commercial properties he owns. He also reported $1.8 million from Westminster Management, the Kushner Company’s management firm for multifamily housing in New York, New Jersey, Maryland, Virginia & Tennessee.

Kushner’s disclosure shows he still holds a stake valued at between $25 million and $50 million in Cadre, the real estate technology company he co-founded. He had originally said he would divest from Cadre to eliminate a potential conflict of interest but never did.

Trump’s form disclosed her many ties to the family business, showing $1.5 million from her stake in the Trump International Hotel in Washington -- down from about $4 million a year earlier -- and another $1.5 million from several limited liability companies. Like her father, she also has a pension with the Screen Actors Guild due to her appearances on “The Apprentice.”

The form also lists Trump’s many trademarks and licensing contracts for her fashion, home goods and other businesses, but those brought in as little as $0 or up to $200. She shut down her eponymous fashion line in 2018 after retailers like Nordstrom dropped it.

The couple listed artwork valued from between $5 million and $25 million. Most of the couple’s debt comes from Kushner, who holds credit lines jointly with his father, Charles Kushner.

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[cejuson]

And in 2020, they received ppp money? They made so much money in 2019. How did they get millions of the ppp loan?

[PointBlanc]

"Tough times create strong men. Strong men create easy times. Easy times create weak men. Weak men create tough times. Many won't understand but you have to create warriors not parasites."

[bzen]

I actually want to see them run and lose "bigly".

[daleester]

He thinks this is bad press and not cool?

[sophocles]

Wait a minute the income is derived from mortgaged properties and they can't make their mortgage payments - I am sure Deutsche Bank will want to understand the value that Ivanka has been making to earn that income given that she was such a busy public servant.

[daleester]

What could I tell you to stop doing on a deeper personal level

[daleester]

You two wont see this again for a while

[daleester]

Same song every night to her mother bro

[PointBlanc]

Trump family for couple of generations will remain wealthy with minimum effort, thanks to their father. They were born with a golden spoon in their mouth. They are blessed. Good karma!

[DopeForeverBeats]

Jesus love you, he died on the cross for you, accept him as your lord and savior he can change everything. For God so loved the world that he gave his only son, so that everyone who believes in him may not perish but may have eternal life" (Jn 3:16"

But you must repent too. From that time Jesus went about preaching and saying, Let your hearts be turned from sin, for the kingdom of heaven is near. (Matthew 4:17);

[jessejjames]

WHO CARES, they’re no longer in office!! Y’all just CAN’T GET TRUMPS OUT OF YOUR HEAD!!!