Ivanka Trump, Jared Kushner Still Making Money From Trump Businesses, Disclosures Show
- Author: Audrey Hill Apr 08, 2017,
Apr 08, 2017, 5:44
A document provided to reporters showed that well over half of the disclosures revealed financial arrangements deemed to be "complex" or "extremely complex", based on criteria from the Office of Government Ethics.
Both work as part of President Donald Trump's team, with Ivanka taking a job as senior advisor in the past week and Jared heading up the newly created White House Office of American Innovation. Officials are sending them one by one to individual news organizations.
According to the Associated Press, Ms Trump and Mr Kushner, President Trump's son-in-law but also his senior adviser, are reported to have at least $240m (£190m) in assets. "This presents potential for a conflict of interest".
After initial plans to work in the White House in an unofficial capacity, Ivanka Trump chose to become an official government employee this week.
The Washington Post reports that Bannon held assets valued at between $11.8 million and $53.8 million.
Cohn had income ranging from $48 million to almost $77 million in the year preceding his engagement in the White House, though it could be much higher. Glittering Steel produced the film Clinton Cash, based on the book of the same name supported by the institute.
Bannon, well known for his work leading the conservative, far-right news outlet Breitbart, made $191,000 from the media company a year ago. White House ethics and compliance officials said 180 were doing so - and that only a handful had requested additional time to do so.
White House Press Secretary Sean Spicer said Friday that a "lot of people" in Trump's administration are "very blessed". The former Goldman Sachs president listed at least $48 million in income in 2016 and as much as $77 million.
The disclosed documents provide a snapshot of each appointee's holdings as they took office. Bannon also disclosed that he earned slightly less than $200,000 previous year as executive director of Breitbart News Network LLC, before he resigned to join Trump's campaign last August.
Not surprisingly, the couple holds a massive real estate and business empire worth as much as $741 million, according to The New York Times.
Documents released by the White House have revealed millions of dollars in assets held by its senior staff.
Meanwhile, Ivanka Trump has a stake in Trump International Hotel in Washington, D.C. that's worth between $5 million and $25 million. She reported earnings of $1 million to $5 million from the property. She did not disclose how much of the property she owns, but values her stake at $5 to $25 million. He made more than $125,000 in "consulting fees" from Cambridge Analytica LLC, and more than $160,000 came from Glittering Steel, a production company that the Daily Beast previously connected to Bannon. She owned stock in drug giant Pfizer, food conglomerates Kraft Heinz and Mondelez, and tobacco companies Altria and Philip Morris, according to the financial documents. Cohn also reported more than US$1 million in income from the Industrial and Commercial Bank of China, which the White House says he is in the process of divesting.
Chief of Staff Reince Priebus earned a $225,000 salary from the Republican National Committee in 2016 but received $175,000 in bonuses, paid out in 2016 and 2017, and earned more than $33,000 as a payout when he left the RNC.