Kush­ner, wife re­vise as­set re­ports

Trump son-in-law lists at least $10.6 mil­lion pre­vi­ously omit­ted

Northwest Arkansas Democrat-Gazette - - NATIONAL - GARANCE BURKE, BERNARD CON­DON AND CHAD DAY In­for­ma­tion for this ar­ti­cle was con­trib­uted by Jen­nifer Far­rar of The As­so­ci­ated Press.

WASH­ING­TON — Pres­i­dent Don­ald Trump’s sonin-law and se­nior ad­viser Jared Kush­ner “in­ad­ver­tently omit­ted” more than 70 as­sets worth at least $10.6 mil­lion from his per­sonal fi­nan­cial dis­clo­sure re­ports, ac­cord­ing to re­vised pa­per­work re­leased Fri­day.

The pre­vi­ously un­re­ported as­sets were in­cluded in up­dated dis­clo­sure re­ports cer­ti­fied by the U.S. Of­fice of Gov­ern­ment Ethics on Thurs­day as part of the “or­di­nary review process,” ac­cord­ing to Kush­ner’s fil­ing.

Among the new set of as­sets Kush­ner dis­closed, which could be worth as much as $51 mil­lion, he re­ported own­ing an art col­lec­tion worth be­tween $5 mil­lion and $25 mil­lion. The new forms also re­flect that Kush­ner sold his in­ter­est in an aging shop­ping mall along the Jersey Shore, and he no longer has a stake in a com­pany that had held an in­ter­est in apart­ments in Toledo, Ohio.

Kush­ner also clar­i­fied his $5 mil­lion to $25 mil­lion stake in a hold­ing com­pany that owns Cadre, a real es­tate tech startup he co-founded with his brother, Joshua, that in­vestors val­ued at $800 mil­lion.

Kush­ner’s wife and the pres­i­dent’s daugh­ter, Ivanka Trump, also filed new fed­eral dis­clo­sures. She re­ported as­sets of at least $66 mil­lion and earned at least $13.5 mil­lion in in­come last year from her var­i­ous busi­ness ven­tures, in­clud­ing more than $2.4 mil­lion from the new Trump ho­tel near the White House.

The fil­ings re­flect the ex­traor­di­nary wealth of Ivanka Trump and her hus­band, who jointly made at least $100 mil­lion since the be­gin­ning of 2016 and hold at least $206 mil­lion in com­bined as­sets, in­clud­ing some that they re­port are be­ing sold off. The cou­ple stepped down from run­ning their com­pa­nies and left be­hind their lav­ish Man­hat­tan apart­ment to move their three small chil­dren to Wash­ing­ton ear­lier this year.

The new dis­clo­sures come as Kush­ner faces re­newed ques­tions about his vast busi­ness hold­ings and how they may con­flict with his role shap­ing pub­lic pol­icy.

A lawyer ad­vis­ing Kush­ner said that fed­eral of­fi­cials are al­lowed to amend their ini­tial fi­nan­cial dis­clo­sures be­fore they are cer­ti­fied, and stressed that Kush­ner had com­plex fi­nances.

“Jared and Ivanka have fol­lowed each of the re­quired steps in their tran­si­tion from pri­vate ci­ti­zens to fed­eral of­fi­cials. The Of­fice of Gov­ern­ment Ethics has cer­ti­fied Jared’s fi­nan­cial dis­clo­sure, re­flect­ing its de­ter­mi­na­tion that his ap­proach com­plies with fed­eral ethics laws,” Kush­ner at­tor­ney Jamie Gore­lick said. “Ivanka’s fi­nan­cial dis­clo­sure form is still in the pre-cer­ti­fi­ca­tion stage, as she be­gan the process later.”

Clay John­son, who served as Pres­i­dent Ge­orge W. Bush’s direc­tor of pres­i­den­tial per­son­nel, said he was sur­prised by the sheer num­ber of up­dates six months in.

“The way we ran it … is that the gen­eral di­rec­tion to all nom­i­nees is tell us what we ask for now. We will then stand be­hind you what­ever may come in. But there are to be no sur­prises,” said John­son, who also served as Bush’s deputy direc­tor of the Of­fice of Man­age­ment and Bud­get.

The fed­eral dis­clo­sures filed by Ivanka Trump were her first since tak­ing on an of­fi­cial, un­paid role at the White House.

The bulk of her as­sets came from the $50 mil­lion value she placed on her busi­ness trust, formed to hold a col­lec­tion of her busi­nesses and cor­po­ra­tions. The trust pro­duced be­tween $1 mil­lion and $5 mil­lion in in­come.

She re­ceived $2.5 mil­lion in salary and sev­er­ance when she re­signed from the Trump Or­ga­ni­za­tion in Jan­uary. She re­ceived $787,500 as an ad­vance for her book Women Who Work.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.