- Jared Kushner and Ivanka Trump were a “loud” couple long before they became White House regulars
- They come from two prominent families who have built their fortune on real estate
- According to some, the pair’s net worth is $ 1.1 billion.
- More such information can be found on the main page of Onet.pl
The former president’s son-in-law, Jared Kushner, broke his silence this week about the FBI search of Donald Trump’s Mar-a-Lago property.
Speaking on Fox News, Kushner suggested that the raid is a hunt against the ex-president who drives “enemies crazy”, causing them to “constantly follow him and make mistakes trying to catch up with him.”
His comments came in response to media reports that he might have been an informant to the FBI on the case. According to close associates of Donald Trump, the source that reported the agency to the former president was someone in the family.
But Kushner and his wife Ivanka Trump have long aroused emotions and media comments.
The total value of their assets is estimated at $ 1.1 billion.
Although the net amounts behind their fortune are difficult to determine, according to financial reports, the couple’s shares in real estate and other investments in 2017 were worth as much as $ 811 million, or about $ 50 million more than the year before.
Children from prominent families
Both Ivanka and Jared come from prominent New York real estate families. They lived in imposing mansions, had unlimited resources, long before settling in Washington.
Though their previous roles as White House advisers were unpaid, the couple reported earning at least $ 83 million. in external income in the first year of Donald Trump’s presidency.
Here’s how they spend their family fortune.
Sources estimate that Ivanka Trump’s net worth is around $ 300 million, and Jared Kushner’s legacy could amount to $ 800 million.
While the net worth of their joint assets is difficult to quantify, financial reports have shown that the couple’s interests in real estate and other investments were worth as much as $ 811 million in 2017, which is 50 million more than in the previous year ($ 761 million).
The disclosed financial information shows that Trump and Kushner obtained at least $ 83 million. income in 2018, despite holding unpaid functions in the government administration.
Both Jared and Ivanka have a number of lucrative pursuits outside of politics.
$ 7 billion in 10 years
Kushner’s fortune primarily stems from his active involvement in the family-owned real estate business, the Kushner Companies, which has handled over $ 7 billion in transactions. in the last 10 years.
In 2006, Kushner acquired The New York Observer for $ 10 million. According to a former associate in Time, the weekly was intended as a “graduation gift” that a father had bought for his son.
One of Kushner’s greatest assets is a real estate investment platform called Cadre, which he co-founded with his brother Joshua. Previous financial declarations show that at the end of 2017, the company was worth at least $ 25 million.
The career of Ivanka Trump
Ivanka Trump left the family business following her father’s inauguration as US President in January 2016 to take up a senior office in the White House.
When Ivanka left her position with the Trump Organization, she received $ 2 million. severance pay, paid after Donald Trump was sworn in.
Most of her property is held in a trust fund that controls her businesses. It was established in March 2017 to oversee its projects, make them transparent and dispel ethical doubts.
Ivanka M. Trump Business Trust earned over $ 5 million in 2017. – it results from the owner’s income declaration.
In July 2018, she announced that she was closing her fashion brand to focus on working in Washington. Earlier, the brand was abandoned by several famous personalities, which caused outrage among customers.
In 2017, Ivanka Trump reportedly earned $ 3.9 million. with a stake in the Trump International Hotel in Washington.
It also adopted 289 thousand. dollars in advance for “Women Who Work,” her third book, published by Penguin Random House in May 2017.
After a wave of criticism over concerns that the book’s profits would violate ethics, Ivanka announced that she would be resigning from promoting the publication and donating the remaining unpaid advance and future royalties to charity.
In total, Ivanka Trump earned at least $ 12 million in 2017.
Compared to earnings, Ivanka Trump and her husband’s expenses seem modest. During the Trump presidency, their rent for a townhouse in the Kalorama district of northwest Washington was $ 15,000. dollars.
Picturesque Kalorama is also the neighborhood where Amazon CEO Jeff Bezos and former President Barack Obama and his wife Michelle live.
Prior to taking root in Washington, the main residence of Kushner and Ivanka Trump was a four-bedroom penthouse on Trump Park Avenue.
Documents indicate that the couple’s art collection is worth up to $ 25 million. Many of the works come from young, emerging artists and are mainly presented through Ivanka’s social media posts.
As part of Washington’s elite community, Kushner and Trump’s eldest daughter, Arabella, attended the Jewish Primary Day School, where annual tuition fees are $ 26,000. dollars for children from kindergarten through fifth grade.
Ivanka Trump caused controversy when she appeared in 2016 in the journalistic program “60 Minutes”, during which she was wearing a diamond and gold bracelet worth 10.8 thousand. dollars from her Ivanka Trump Fine Jewelry line. Her company sent a photo of Ivanka in a bracelet to fashion journalists along with an ad for jewelry, which caused disgust.
Soon, Trump’s daughter raised another wave of criticism by posting her photo in a silver dress of Carolina Herrera for $ 5,000. dollars on the day on which the president signed a law prohibiting entry to the United States of citizens of selected countries.
The couple likes active recreation and has caused quite a stir in ski resorts in Aspen, Colorado, and Whistler, Canada, visiting crowded slopes around Christmas with an army of security agents protecting the president’s daughter.
When the couple went on a weekend trip to a luxury hotel in the Dominican Republic in 2017, the security bill was $ 58,000. dollars that came from taxpayers’ money. Ivanka and her husband covered the costs of their own.
Also in August 2017, taxpayers paid dearly for the travel and accommodation of the special agents who accompanied Trump and Kushner on a two-day trip to the chic resort of Twin Farms in Vermont. In total, the 8-day stay of security guards cost the state PLN 13.9 thousand. hole.
The wealthy couple of heirs of the Trump and Kushner family have been wealthy all their lives and will most likely donate their enormous fortune to their children just as their parents did.
Author: Ellen Cranley and Erin Snodgrass