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Home / World

Jared and Ivanka billionaires: Trump

AAP
1 Apr, 2017 05:00 PM2 mins to read

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Jared Kushner and Ivanka Trump. Photo / AP

Jared Kushner and Ivanka Trump. Photo / AP

US President Donald Trump has released details of the personal finances of his staffers, including his son-in-law Jared Kushner and daughter Ivanka.

White House ethics officials said the legally required disclosure documents provided a snapshot of assets and positions held by personnel when they first entered their new jobs at the White House, and before they started selling stocks and other assets that could pose conflicts of interest.

The White House disclosed Gary Cohn, former Goldman Sachs president and now head of the White House National Economic Council, had assets worth at least US$230 million ($328m), but possibly much more. Little information was given on several of his assets, only indicating they were worth more than US$1m.

Cohn had income ranging from US$48m to nearly US$77m in the year preceding his engagement in the White House, although it could be much higher.

Kushner's 54-page report, which included most of the assets and income of his wife Ivanka Trump, included scores of assets worth six and seven figures.

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The New York Times reported that the couple's real estate and investment empire was worth as much as US$741m. Kushner held executive positions with 266 limited liability companies, corporations, groups and non-profits, which he has resigned from since January.

Democratic politicians have expressed concern about potential conflicts of interest for Kushner, a New York real estate developer.

Trump this week officially added his daughter Ivanka to his staff. She had a fashion business and was involved in her father's global real estate development business, but stepped aside from managing the businesses when her father entered the White House.

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Senior adviser Steve Bannon's pre-White House bank accounts, real estate and other holdings were valued at between US$3.3m and US$12.6m.

White House Chief of Staff Reince Priebus had assets of between US$604,000 and US$1.16m and income of US$1.42m.

Neither Trump nor Vice President Mike Pence's assets were included in the documents.

Trump has faced questions about conflicts of interest with his hotel and golf course businesses since his election in November. He has handed off control to his two oldest sons, but ethics watchdogs have complained the arrangements do not go far enough to avoid conflicts, and have urged Trump to divest fully or set up a blind trust for his assets.

Discover more

World

Michael Flynn offers to cooperate with congressional probe in exchange for immunity

31 Mar 02:30 AM
Business

'We are in a trade war'

31 Mar 08:50 PM
Business

Ivanka's extraordinary wealth revealed

02 Apr 01:54 AM

- AAP

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