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Published: Sun, April 02, 2017
Economy | By Melissa Porter

Trump aides to reveal financial portfolios

Trump aides to reveal financial portfolios

President Trump's daughter, Ivanka Trump, and his son-in-law and adviser, Jared Kushner, continue to benefit from their business interests worth as much as $700 million, financial disclosures released Friday reveal.

The White House released financial disclosure forms for 180 of its top administration officials, many of whom were heads of major companies and institutions before heading to Washington, D.C.

Ivanka Trump, who also owns her own fashion brand, earned between $1 million and $5 million from January 2016 to March 2017 on the hotel, and her stake is worth between $5 million and $25 million, based on financial disclosure forms from her husband, Jared Kushner.

Kushner is still the primary beneficiary of assets worth at least hundreds of millions of dollars, a lot of them real estate.

Her previous job as executive producer of the Laura Ingraham show, where she worked from June 2013 until she went to Breitbart, earned her a salary of $74,082. He has between a $1 million and $5 million stake in Cambridge, but the disclosure said he has an "agreement in principle" to sell his investment.

Cohn had income ranging from $48 million to almost $77 million in the year preceding his engagement in the White House, though it could be much higher. Jared Kushner, Ivanka Trump and their three minor children have no financial interest in that trust, his lawyer said.

Yet another Penn graduate will be working in the White House with the announcement of Ivanka Trump's appointment to the position of assistant to the president. The two of them are also exempt from many conflict-of-interest and ethics laws that apply to their staff.

The report for chief strategist Steve Bannon reflects his ties to the wealthy Mercer family, which was one of the biggest financial benefactors of Trump's candidacy a year ago.

The White House has publicly released the financial disclosures of top officials in the Trump administration.

Those documents will not be disclosed, White House lawyers said, although the public will eventually have access to "certificates of divestiture" issued to employees who are seeking capital gains tax deferrals for selling off certain assets.

The 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. All other senior White House personnel - and those earning more than $161,755 a year - are required to submit disclosure reports.

"It was a very collective conversation that we could have moved the health care message more effectively", the White House official told CNN.

Gary Cohn, director of the White House's National Economic Council, was a senior director at Goldman Sachs, as well as trustee at NYU Langone Medical Center and chairman of the Advisory Board for NYU Hospital for Joint Diseases, the report states. Another note payable, up to $5 million, is also owed to Bank of America.

Reported by Associated Press writers Julie Bykowicz, Chad Day, Stephen Braun, Jack Gillum, Michael Biesecker, Ted Bridis, Bernard Condon and Ken Sweet.

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