Staff ReporterThe White House released financial disclosures for many of its senior officials Friday – a group of some of the wealthiest people ever to join a presidential administration.
The documents provide a snapshot of what the employees’ finances looked like when they joined government service in January, but they do not give a full account of how those people are disentangling from business assets that could pose possible conflicts of interest.
President Donald Trump, a billionaire New York businessman, and Vice President Mike Pence, the former Indiana governor, are not legally required to file new financial disclosures until next year.
Here are some of the findings:
IVANKA TRUMP AND JARED KUSHNER
Ivanka Trump and her husband Jared Kushner have reportedly attained a vast real estate and investment fortune worth as much as $US741 million (NZ$1056 million).
US President Donald Trump’s eldest daughter also has a stake in the Trump International Hotel in Washington, DC while she works in the White House as an assistant to the president, according to ethics filings released by the White House on Friday night and reported in The New York Times.
The New York Post reports that from the hotel alone, Ms Trump raked in somewhere between $US1 million and $US5 million between January 2016 and March 2017, the Times reported.
The value of her stake in the business is worth between $US5 million and $US25 million.
Mr Kushner, who serves as Mr Trump’s sIvanka collected about $US195 million in income last year.enior adviser, detailed in his filings that he and and Ivanka collected about $US195 million in income last year.
Kushner and Trump resigned from all of their business entities and sold off 58 assets. But the couple held onto much of what they have built into a global and real estate-focused empire.
Kushner began selling off the most problematic pieces of his portfolio shortly after Trump won the election, and some of those business deals predate what is required to be captured in the financial disclosure forms. For example, Kushner sold his stake in a Manhattan skyscraper to a trust his mother oversees. Kushner organised much of his holdings into trusts for which he is the sole primary beneficiary.
