Published: Tue, June 12, 2018
Global News | By Blake Casey

Ivanka Trump Made $3.9 Million From Father's Hotel in 2017

Ivanka Trump Made $3.9 Million From Father's Hotel in 2017

The White House released the disclosures for Kushner and Ivanka Trump on a heavy news day, while the world's media lavished attention on President Trump's preparations to meet with North Korea's Kim Jong Un for talks over nuclear weapons.

Ivanka Trump made $US3.9 million ($5.2 million) from her investment in her father's hotel in Washington past year, according to a disclosure released by the White House on Tuesday.

She was also paid $2 million in severance by her family's real estate company, the Trump Organization.

The windfall for Ivanka included $3.9 million from the Trump International Hotel, the family property just down the street from where she works aside her father in the White House, the Washington Post found. His previous disclosure filed in April 2017 had showed assets in at least the $140 million range.

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Kushner and Trump, who have put their daily management of their companies on hold while they serve at the White House, have still managed to obtain huge amounts of income from other firms during their stint in public service.

Some of the couple's assets were listed jointly.

Mr. Kushner held between $174 million and $710 million in assets at the end of 2017, up from the minimum of between $137 million and $609 million he reported on his financial disclosure in March 2017.

A series of interim financial reports previous year showed that Kushner had increased lines of credit with Bank of America, New York Community Bank and Signature Bank, each from at least $1 million to $5 million. The president's son-in-law closed out a line of credit from Valley National Bank that had between $5 million and $25 million in debt a year ago. And he reported a new loan from Bank of America for between $5 million and $25 million that is payable by 2022 related to the Quail Ridge property.

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