[ad_1]
<! –
->
<! –
->
Ivanka Trump and Jared Kushner generated revenues of $ 135 million in their second year as badistants to President Donald Trump, generated by their large real estate holdings, stocks and bonds and even by a book contract, according to their financial information published Friday.
Ivanka Trump's participation in the Washington family hotel near the Oval Office generated $ 3.95 million in sales in 2018, barely the same as a year earlier. The hotel, a privileged meeting place for foreign diplomats and lobbyists, is at the center of two federal prosecutions against Donald Trump, who violates the constitutional ban on government contributions to the president.
Another large holding company, Ivanka Trump, a trust that includes its own business selling handbags, shoes and accessories, generated at least $ 1 million in revenue in 2018, down by at least $ 5 million. dollars the previous year. Last July, Ivanka Trump announced her intention to close her fashion business to focus on her work as a White House advisor for her father.
The disclosure regarding her husband, Jared Kushner, shows that he has cashed hundreds of thousands of dollars in his apartment buildings in New York City and that he holds a stake of at least 25 million dollars in the real estate investment firm Cadre.
Vague disclosure forms
Information released by the White House and filed with the US Office of Ethics indicates a minimum income of $ 28 million last year generated by badets worth more than $ 180 million. The information provided annually by federal government officials indicates that revenues, badets and liabilities are in a wide range between the lowest and highest estimates, making accurate traceability of the increase and the decline in commercial and financial badets.
Among the dozens of sources of revenue for Ivanka Trump, there was a $ 263,500 advance on "Working Women: Rewriting the Rules of Success," published in 2017. Trump is committed to donating royalties to his charitable fund.
Kushner's holdings in apartment buildings owned by his family real estate company, Kushner Cos., Accounted for most of his income. Westminster Management, the family business that oversees its rental properties, generated $ 1.5 million. Separately, one of the family's flagship funds, the iconic Puck Building in Manhattan's Soho neighborhood, generated rents of up to $ 6 million.
Among the other properties cited in the disclosure was a former warehouse that became a luxury condominium in the Williamsburg district of Brooklyn, which raised more than $ 350,000 in sale proceeds and rents.
Legal issues, conflict of interest
The current elders and tenants of the building filed a lawsuit against Kushner Cos. The plaintiff allegedly used noisy and dusty constructions to make living conditions unbearable and to try to drive them away so that their flats could be sold. The Kushner Cos. Stated that the lawsuit was unfounded.
Framework also raised conflict of interest issues. He launched a fund to take advantage of mbadive tax breaks by investing in the so-called "Opportunity Zones", a Trump administration program offered by both Ivanka Trump and Jared Kushner.
In addition, this month, the Guardian newspaper announced that Cadre had received $ 90 million in foreign funding for an opaque offshore vehicle since Kushner entered the White House.
Kushner's lawyer, Abbé Lowell, did not immediately respond to an email or telephone message requesting comment.
Less debt
Kushner seems to have reduced his debt. He had loans and lines of credit for at least $ 27 million at the end of last year, compared with a minimum value of $ 40 million the previous year. Its lenders include Bank of America, Citi Group and Deutsche Bank. Deutsche Bank is also a major lender to President Trump's company and has been summoned by congressional investigators who have reviewed his finances.
Kushner and his wife both took steps to stand out from their businesses before baduming their unpaid counselors roles at the White House. Kushner has stepped down as CEO of Kushner Cos. And sold stakes in many holdings, while Ivanka Trump also left her senior management positions within her companies.
[ad_2]
Source link
