Ivanka’s income-producing assets seem to have waned last year, but Jared Kushner’s family real estate empire continued to throw off big cash.
Ivanka Trump and her husband Jared Kushner took in at least $28 million in outside income while serving in the Trump administration last year, according toThe documents,, show the president’s daughter and son-in-law raked in between $28.8 million and $135.3 million from their vast investment portfolios in 2018.
Most notably, Ivanka earned between $1 million and $5 million from the Ivanka M. Trump Business Trust, an entity she created to hold her fashion and brand companies. Last July, she announced she was shutting down those businesses amid a bevy of ethics concerns and a reported plummet in sales.
Ivanka listed nearly $4 million in “hotel-related revenue” from her 7.5% stake in the Trump International Hotel in Washington, D.C. That figure may overstate her true income from the property if it does not account for her share of the hotel's expenses. While the disclosure form asks filers to list the income they receive from their investments, they can opt to report top-line revenues from businesses. The White House did not immediately respond to a request for clarification or comment.
The D.C. hotel wasn’t the only Trump Organization business to pay Ivanka. She also collected $1.5 million from three entities tied to her father’s business as part of a deal she struck to turn her royalty, consulting and commission-based pay into fixed annuities while serving in her father’s administration.
But while Ivanka’s income-producing assets seem to have waned last year, Jared Kushner’s family real estate empire continued to throw off big cash. Family trusts holding stakes in Kushner real estate projects provided between $12 million and $74 million in rent, royalties and capital gains in 2018. Kushner received an additional $1.5 million from Westminster Management, which oversees more than 20,000 apartments owned by the Kushners.
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