Kushner retains scores of real estate holdings while in WH
- Author: Anthony Vega Apr 02, 2017,
Apr 02, 2017, 0:16
The disclosures also show her maintaining an ownership stake in the Trump International Hotel in Washington, the subject of protests from ethics watchdogs who say special interests are likely to stay at the hotel to win favor with the administration.
The documents show Kushner divested dozens of businesses and investments to avoid conflicts of interest with his public service.
Kushner, like Trump, a prominent real estate titan, held a position in 267 separate entities, ranging from the Trump transition team to dozens of property holdings in NY and New Jersey.
Trump plans to file financial disclosure forms and "be bound by the same ethics rules that she had planned to comply with voluntarily", said her attorney Jamie Gorelick.
He removed himself as chairman of Brietbart News Network in August, 2016, when he focused on Trump's presidential campaign.
A 54-page report on the financial situation of Mr Kushner, which includes most of Ms Trump's assets and income, show scores of six- and seven-figure sums.
The president's daughter and son-in-law working in the White House has raised ethical concerns.
White House chief strategist Steve Bannon made up to $2.5 million. The payments are part of the millions of dollars in income and assets McFarland listed for her and her husband on her filings. It is not immediately clear how she would earn income from the property. Taken as a whole, the disclosures paint a picture of a wealthy group that, despite the populist leanings of Donald Trump's campaign, is firmly in the top 1% of Americans when it comes to income and assets. She had a fashion business and was involved in her father's global real estate development business, but stepped aside from managing the businesses when her father entered the White House.
Ivanka Trump and Jared Kushner's real estate and investment business is worth as much as $741 million, ethics filings show. His financial disclosure shows he received at least $40 million in income from Goldman Sachs-related dividends, interest, salary and bonuses, about half of which was in some form of stock compensation. But the bigger chunk of his earnings was a $450,000 equity buyout from his law firm, Michael Best & Friedrich.
Bannon's financial disclosure - which reflects his financial position prior to entering the White House - indicates he meant to sell his ownership share in Cambridge Analytica and Glittering Steel, pending approval of the deal by the Office of Government Ethics.
In a briefing before the release, White House officials stressed that "these are not the current holdings that everyone has today". As the two Senate Democrats write, it's important "to determine which ethics rules apply to Ms. Trump, which disclosures she will be required to make to demonstrate her compliance, and whether her compliance with these rules will be monitored and enforced". Kushner and his father, Charles, also have liabilities worth much as $5 million to the US unit of Israel Discount Bank.