The Citizens for Responsibility and Ethics in Washington (CREW) published an analysis showing the couple had earned between $172 million and $640 m
The Citizens for Responsibility and Ethics in Washington (CREW) published an analysis showing the couple had earned between $172 million and $640 million outside of their White House roles. The government watchdog body found that the former First Daughter and Mr Kushner made a substantial sum from the Trump Hotel in Washington.
The analysis read: “All told, Ivanka made more than $13 million from the hotel since 2017, dropping from about $4 million a year between 2017 and 2019 to about $1.5 million last year, at least in part due to the pandemic.
“On top of the drop in revenue, there’s an unexplained drop in the value of her ownership.
“Having previously claimed it to be worth between $5 million and $25 million, in her final disclosure she listed it as only worth $100,000 to $250,000.
“She did not report selling any of her ownership share in the hotel.”
On Mr Kushner’s side, the couple received income from his real estate holdings, which benefited from a tax break obtained by Ms Trump.
During his final year as Mr Trump’s senior advisor, Mr Kushner formed an offshore holding company located in the British Virgin Islands.
According to his disclosure, the company was set up in 2020, the analysis added.
Kushner Companies BVI Limited, which holds several assets, includes the Puck Building LP.
In his first interview since his swearing-in, Mr Biden told People magazine that he would follow-in the steps of President Obama when it came to the running of the executive building.
Mr Biden said “no one in our family and extended family is going to be involved in any government undertaking or foreign policy”.
He added: “And nobody has an office in the place.”