Ivanka Trump, Jared Kushner made $82 mn previous year

A newly-released 2018 financial disclosure shows that White House special adviser Jared Kushner’s wealth and debt both rose significantly over the year. It’s an indication of the complex state of his finances and the potential conflicts that confront

Jared Kushner and wife Ivanka Trump made at least $80 million in outside income a year ago while working as White House advisers to President Donald Trump, according to newly-released financial disclosure forms.

Although Kushner and Trump are not paid a salary for their adviser roles at the White House, ethics experts have criticized the couple's large income flow from their investments and family-related businesses as something that could easily create conflicts of interest.

Jared Kushner and Ivanka Trump listen as U.S. President Donald Trump holds a cabinet meeting at the White House in Washington, U.S., April 9, 2018.

While this is an increase from the total value of assets between $206 and $760 million the two reported in the last disclosure form, it's hard to make a direct comparison because the latest filing covers a shorter period of time, between January 2017 through December 2017, whereas the last report covers January 2016 through April 2017.

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Ivanka Trump also reported over $2 million from severance from the Trump Corp.in 2017. Federal rules require top officials to report income, assets and liabilities in broad ranges.

Penguin Random House also gave Ivanka an advance payment of $289,000 for her book, which she donated to charity.

The figure was outed in financial disclosure forms released Monday.

Kushner pulled in at least $70 million from his shares in his family's real-estate companies, including $5 million from Quail Ridge, a New Jersey apartment building that Kushner Cos. acquired a year ago.

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Kushner, meanwhile, reported $1.5 million in income from Westminster Management, which owns and manages over 20,000 apartments in New York, New Jersey, Maryland, Pennsylvania and Ohio.

At the end of 2017, the president's daughter held assets of at least $55 million that could reach more than $75 million, the source familiar with the documents said.

A spokesman for Kushner's and Ivanka Trump's ethics counsel issued a statement on the financial disclosures, saying the couple followed their ethical obligations, but the forms don't allow them to properly describe their net worth.

Ivanka's hotel income of $3.9 million is up from last spring when she reported about $2.4 million in profits for the Washington property that has become a staple for those trying to curry favor with the Trump Administration since it opened in September 2016.

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"Since joining the administration, Mr. Kushner and Ms. Trump have complied with the rules and restrictions as set out by the Office of Government Ethics", said Peter Mirijanian, a spokesman for the couple's ethics lawyer, Abbe Lowell.

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