$0 Salaries Didn't Hurt Ivanka, Kushner in 2017

A newly-released 2018 financial disclosure shows that White House special adviser Jared Kushner’s wealth and debt both rose significantly over the year. It’s an indication of the complex state of his finances and the potential conflicts that confront

The White House released the disclosures for Kushner and Ivanka Trump on a heavy news day, while the world's media lavished attention on President Trump's preparations to meet with North Korea's Kim Jong Un for talks over nuclear weapons.

While Kushner has resigned from 260 corporate positions and no longer has any role in running his family's real estate company, he has repeatedly been subject to public scrutiny over the perception that he has not done enough to draw lines between his private business interests and his sprawling portfolio of West Wing responsibilities.

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

Per the Washington Post, ethics experts are concerned that the extraordinary outside cash flow could create intense conflicts of interest.

Ivanka Trump and Jared Kushner may be working as White House advisers, but the couple isn't doing too badly with their side gigs, bringing in at least US$81 million of outside income. Trump also received a $289,300 book advance and $747,622 from three companies tied to the Trump Organization's global projects.

A spokesman for the couple said Monday that the couple's disclosure portrayed both assets and debts that have not changed much over the past year and stressed that Kushner and Ivanka Trump have both complied with all federal ethics rules.

The figure was outed in financial disclosure forms released Monday. Trump will now receive guaranteed fixed yearly payments instead of payments determined by profits from T International Realty LLC, TTT Consulting LLC, and TTTT Venture LLC - which are LLCs tied to some of the Trump Organization's international developments.

A series of interim financial reports past year showed that Kushner had increased lines of credit with Bank of America, New York Community Bank, and Signature Bank, each from at least $1 million to $5 million. (The Post suggests similar ranges of $179 million to $735 million and $55.3 million to $75.6 million.) The couple's ethics counsel adds that 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".

A different Post analysis also pointed out that around 90% of his real estate holdings were still under his control, though he sold his stake in 666 Fifth Avenue, the beleaguered midtown building for which he famously paid $1.8 billion at the height of the real estate bubble.

In an interview last month, Kushner's father Charles reportedly called watchdogs who have criticized his son and daughter-in-law's business entanglements "jerks" who "can't get a real job".

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