D.C. hotel earns Ivanka Trump $4M

NEW YORK — Ivanka Trump took in nearly $4 million in revenue last year from her stake in President Donald Trump’s Washington hotel, up slightly from a year earlier, according to her financial disclosure released Friday.

The report also shows that a trust that holds her fashion line of handbags, shoes and dresses and other assets generated at least $1 million in revenue in 2018, down from at least $5 million the year before. Ivanka Trump announced in July that she planned to close her fashion company to focus on her work as a White House adviser for her father.

The disclosure for her husband, Jared Kushner, also an adviser to the president, shows that he took in hundreds of thousands of dollars from his holdings of New York City apartments and that he owns a stake in the real estate investment firm Cadre worth at least $25 million.

The 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 chart the rise and fall of the financial portfolios of federal government officials.

Ivanka Trump’s stake in the Trump International Hotel in Washington took in $3.95 million in 2018, an increase of $60,000 from a year earlier. The president reported in his own financial disclosure last month that he took in $41 million from the hotel last year, also largely unchanged.

The hotel has drawn criticism for hosting foreign diplomats and lobbyists looking to curry favor with the Trump administration. It is at the center of two federal lawsuits alleging that Trump is violating the Constitution’s ban on foreign government payments to the president without congressional approval.