How Ivanka Trump and Jared Kushner earned up to US$640 million without a White House salary – from Trump Hotel dividends to Ivanka’s Women Who Work book deal and tax breaks for the Kushner family business
When they earned it:
Taking into account business done in the months before Ivanka entered the White House and a month or so before Jared joined the administration, the couple earned at least US$172 million, and anywhere up to US$640 million, according to the Citizens For Ethics in Washington (CREW).
In 2017 the couple are reported to have earned between US$82 million and US$222 million; between US$28 million and US$135 million in 2018; and between US$36 million and US$156 million in 2019. In 2021 that number is likely to be between US$23.8 million and US$120 million. Not bad.
Where they earned it:
The Trump Organisation
Since 2017, Ivanka bagged herself more than US$13 million simply by owning a stake in the Trump Hotel in Washington. She reported earning US$1.5 million from the property in 2020, a drop from her pre-pandemic average take-home from the hotel of US$4 million per year.
Ivanka’s eponymous brand
While that amount marks a big drop from the US$5 million she had reported in previous years, she also earned US$1.5 million from other brands she associates herself with, and has money in a pension scheme with the Screen Actors Guild thanks to her TV career on The Apprentice.
In 2018, Ivanka received a US$289,300 advance for her 2017 book Women Who Work: Rewriting the Rules for Success.
Brothers in business
New York’s Puck Building generated US$6 million in rent alone in 2018, in addition to sales proceeds, and a building in Brooklyn bought in another US$350,000. That year the business earned Jared a total of US$1.5 million. He also got a healthy US$1.8 million from the company’s property management arm, Westminster Management, according to Fortune magazine.
- Javanka may have eschewed a salary while working for Donald Trump’s administration, but that didn’t stop them making bank from other projects
- The Ivanka Trump clothing brand was still earning at least US$1 million a year, while her stint on The Apprentice helped her grow her pension pot