Published: Tue, June 12, 2018
People | By Neil Grant

Disclosures show Kushner’s wealth and debt have risen

Disclosures show Kushner’s wealth and debt have risen

President Donald Trump's daughter and son in law made at least $82 million in outside income while serving as senior White House advisers past year thanks to investment deals from companies they had previously led, news reports said Monday.

Disclosures issued by the White House for Kushner and his wife, Trump's daughter Ivanka, showed that Kushner held assets totaling at least $181 million.

Ivanka Trump, the president's daughter and senior adviser, reported making more than US$12 million a year ago from companies where she held a position, according to her financial disclosure form.

The figure was outed in financial disclosure forms released Monday.

A spokesperson for Trump and Kushner's ethics counsel told the Post that they followed the rules set out by the Office of Government Ethics and that their net worth has held steady.

Between Kushner's business loans, his family's business ventures, and his failure to disclose his stakes in various companies, critics have expressed concern that his income is mixed up in ethical complications and potential conflicts of interest.

Trump and Kushner aren't the only White House staffers raking in the millions, however. "As to the current filing which OGE also reviews, their net worth remains largely the same, with changes reflecting more the way the form requires disclosure than any substantial difference in assets or liabilities". His line credit at IDB Bank increased from a max of $5 million to $25 million. The Trump family has faced accusations of using the presidency for personal profit.

Kushner and his wife took at least $83 million in income and capital gains previous year, according to the disclosures. Mr Kushner reported more than $5m in income from a New Jersey apartment complex.

Kushner reported at least $US27 million and as much as $US135 million in outstanding liabilities.

A man walks out of the 666 Fifth Avenue office tower owned by the Kushner New York City, on March 29, 2017. The president's son-in-law closed out a line of credit from Valley National Bank that had between $5 million and $25 million in debt a year ago.

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