Kushner, Ivanka’s wealth, debt have risen in past year
WASHINGTON — Financial disclosure forms show that White House special adviser — and President Trump’s son-in-law — Jared Kushner’s wealth and debt both appear to have risen over the year, an indication of the complex state of his finances and the potential conflicts that confront some of his investments.
Disclosures issued late Monday by the White House for Kushner and his wife, Trump’s daughter Ivanka, showed that Kushner held assets totaling at least $181 million. His previous disclosure filed in April 2017 had showed assets in at least the $140 million range.
The financial disclosures released by the White House and filed with the U.S. Office of Government Ethics routinely show both assets and debts compiled in broad ranges between low and high estimates, making it difficult to precisely chart the rise and fall of the financial portfolios of federal government officials.
The White House released the disclosures for Kushner and Ivanka Trump on a heavy news day, while the world’s media lavished attention on President Trump’s preparations to meet with North Korea’s Kim Jong Un for talks over nuclear weapons. The White House had released the president’s own financial report last month.
A spokesman for the couple said Monday that the couple’s disclosure portrayed both assets and debts that have not changed much over the past year — and stressed that Kushner and Ivanka Trump have both complied with all federal ethics rules.
“Since joining the administration, Mr. Kushner and Ms. Trump have complied with the rules and restrictions as set out by the Office of Government Ethics,” said Peter Mirijanian, a spokesman for the couple’s ethics lawyer, Abbe Lowell.
One of Kushner’s biggest holdings, a real estate tech startup called Cadre that he co-founded with his brother, Joshua, rose sharply in value. The latest disclosure shows it was worth at least $25 million at the end of last year, up from a minimum value of $5 million in his previous disclosure.
The bulk of Ivanka Trump’s assets — more than $50 million worth — was contained in a trust that holds her business and corporations. That trust generated over $5 million in revenue last year.
She reported a stake in the Trump International Hotel in Washington, D.C., worth between $5 million and $25 million. The hotel has been a focus of lawsuits against the president and ethics watchdogs who say Trump is violating the Constitution by profiting from his office as diplomats spend big money there.
Kushner and his wife took at least $83 million in income and capital gains last year, according to the disclosures.