January 2nd, 2019 | Updated on May 25th, 2020
Ivanka Trump and Jared Kushner, the daughter and son-in-law of the President Donald Trump, are rich and worth an estimated $1.1 billion combined.
Though their roles as unpaid senior advisers in the White House, the power couple reported earning at least $83 million in outside income the first year President Trump was in office.
What is the net worth of Ivanka Trump and Jared Kushner now? The answer isn’t clear.
Here are some of what we know about how Ivanka Trump and Jared Kushner made their family-built fortunes.
Sources have estimated that Ivanka Trump’s net worth is roughly $300 million, and Jared Kushner’s net worth could be $800 million.
According to the New York Times, the ethics filing shows that Ivanka Trump and Jared Kushner earned at least $82 million in income last year.
Outside of the administration, both Jared and Ivanka’s income originates from a wide variety of sources, including investments, trusts, dozens of real estate transactions, a book advance of nearly $300,000 for Ivanka Trump, and stakes in businesses.
Kushner’s fortune primarily comes from his senior position with his family’s real estate business, Kushner Companies, which handled more than $7 billion in deals over the past 10 years.
Kushner bought The New York Observer in 2006 for $10 million.
One of Kushner’s biggest holdings, a real estate tech startup called Cadre that he co-founded with his brother, Joshua, rose sharply in value. The latest disclosure shows it was worth at least $25 million at the end of last year, up from a minimum value of $5 million in his previous disclosure.
Ivanka left her family organization after her father was inaugurated in January 2016 to take on a senior role in the White House. She received $2 million in severance, paid after her father’s inauguration.
Ivanka earned over $5 million from the Ivanka M. Trump Business Trust that oversees her clothing brand. In 2017, Ivanka Trump also earned a reported $3.9 million from her stake in the Trump International Hotel in Washington, DC.
Trump was paid a $289,300 advance by Penguin Random House for her book, “Women Who Work”.
Ivanka Trump and Jared Kushner, the high-profile couple has been rich all their lives, and will likely to pass on immense wealth to their kids.
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Source: Business Insider