Disclosures show Kushner's wealth and debt have risen

EPA-EFE  REX  Shutterstock Ivanka Trump and Jared Kushner First daughter Ivanka Trump and White House Senior Advisor Jared Kushner Washington USA- 01 Jun 2018 First daughter Ivanka Trump and Whit

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

Ivanka Trump reported Dollars 3.9 million from her stake in the Trump International Hotel in Washington, as well as more than USD 2 million in severance pay from the Trump Organization, the Washington Post said, citing financial disclosure forms released today.

Senior adviser and daughter Ivanka Trump (L), and senior adviser and son-in-law Jared Kushner (R) attend a summit at the East Room of the White House May 18, 2018 in Washington, DC. In July 2017, the time of their last financial disclosure, the couple reported joint income of at least 19 million dollars from business ventures and another 80 million dollars in real estate and other revenue between January 2016 and early 2017.

Quickly becoming one of the most popular get-together spot for Republicans and Trump supporters across the world, the luxury hotel on the historic Old Post Office site, which opened September 2016, has brought in almost $4 million for the president's daughter in 2017, up from the $2.4 million reported in the 2016 statement. Kushner got a $5 million chunk from a Kushner Companies apartment complex.

Kushner declared income from dozens of companies linked to his family's real estate company.

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As CNN noted, the broad ranges come as a result of it being "impossible to calculate precise totals of income and assets because the documents - which are used throughout government - ask officeholders to disclose figures in ranges, such as '$100,000 to $1,000,000'".

The form shows Ivanka Trump also collected almost US$290,000 in advance payments for a 2017 book she wrote titled Women Who Work. Other sources have estimated that Ivanka Trump's net worth is roughly $300 million, and Jared Kushner's net worth could be $800 million.

The news sources didn't list all the sources of income for the power couple, but just cited a few examples from financial disclosure forms obtained by the newspaper. That income included $US3.9 million from the Trump International Hotel located in Washington and $US2 million in salary and severance from the Trump Organisation. The hotel has been a focus of lawsuits against the president and ethics watchdogs who say Trump is violating the Constitution by profiting from his office as diplomats spend big money there.

In an email statement, Peter Mirijanian - a spokesman for Abbe Lowell, Kushner's and Ivanka Trump's ethics counsel - said that the couple have followed all ethics rules and that Monday's disclosures are an insufficient way to understand the nuances of their net worth.

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