The Extraordinary Wealth of Jared and Ivanka Trump

The Washington Post has a new article on Jared and Ivanka amending their financial disclosures to disclose additional assets. That's not the interesting part of the story.

The interesting part is how together they have earned more than $100 million since 2016 and have more than $200 million in assets. [More....]

As to Ivanka:

She reported assets of at least $66 million and earned at least $13.5 million in income last year from her various business ventures, including more than $2.4 million from the new Trump hotel near the White House.

....The bulk of her assets came from the $50 million value she placed on her business trust, formed to hold a collection of her businesses and corporations. The trust produced between $1 million and $5 million in income.

....Trump got $2.5 million in salary and severance when she resigned from the Trump Organization in January. She received $787,500 as an advance for her book, “Women Who Work.”

.... In addition, Trump also revealed that she will be receiving recurring annual payments totaling $1.5 million from some of her real estate and consulting interests, according to agreements she worked out in consultation with the Office of Government Ethics.

Jared forgot to include 70 assets ranging from $10 - 25 million on his forms (including their art collection.... how do you forget to list that)? He's now corrected it.

Aside from the money:

The documents also show that the young couple resigned from a wide array of corporate positions: Kushner stepped down from 266 such posts, while Trump resigned from 292 positions.

How on earth could they contribute anything of substance to that many groups at the same time? I realize the companies are paying for their name, but if they are a board member, trustee or even a mere adviser, don't they owe it to the companies and their stockholders to perform some service, even if its just reading and opining on financial reports? Attending board meetings?

I don't have time to look up their newly filed forms right now, but I hope they are public and list the companies, not just how many there are and what they make from them in total.

These two seem like the personification of trust-funders. What did Ivanka contribute to her shoe business?

Not much, according to her statements in the lawsuit against her and her company for allegedly copying Italian designer's Aquazzura's "The Wild Thing" shoe. She recently tried to get out being deposed by saying she had nothing to do with the design process of her shoes:

In ruling, the judge said “Ms. Trump’s public statements regarding active and comprehensive brand management lead to a reasonable inference that the shoe at issue would not have been released without her approval.” “In such a situation,” she said, “a deposition is appropriate.”

In a declaration filed with the court last week, Trump described herself as the former president of the company, saying she is now an assistant to the Republican president of the United States and maintains an office in the White House.

I had no involvement in the conception, design, production or sale of the ‘Hettie Shoe,'” she said, adding that those responsibilities belonged to the company’s licensee, Marc Fisher, which was also sued.

My involvement was strictly limited to the final sign-off of each season’s line after it was first reviewed and approved by the company’s design team,”; Trump said.

Aquazzura said in a court filing that is not what she has said in the past:

In requesting Trump’s testimony, Aquazzura’s lawyers cited public statements by Trump, including one in which she was quoted saying: “There’s not a shoe I’m not intimately involved in designing.”

In my personal opinion, these two have no business having desks or jobs in the White House. It's long past time for them to pack up their kids, nannies, stylists wardrobe buyers, chefs, and personal assistants and move back to New York.

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    I absolutely cannot stand Jared or Ivanka.. (5.00 / 1) (#10)
    by Cashmere on Tue Jul 25, 2017 at 11:50:29 AM EST
    They creep me out.  Ivanka is like a Stepford Wife and Jared reminds me of Pee-wee Herman.  Apologies Jeralyn if I posted something inappropriate here..

    That's my opinion, too. (none / 0) (#1)
    by desertswine on Sat Jul 22, 2017 at 06:07:25 PM EST

    and mine (none / 0) (#2)
    by CaptHowdy on Sat Jul 22, 2017 at 07:02:18 PM EST
    its probably evil but i would love to see them thrown into normal lives.  i wont say minimum wage.  i would give them regular white collarish jobs.  with crappy bosses and crappy health insuance.  a mortgage.  maybe a roof that leaks.  a struggle to put aside the money to send Prince Barron to a decent college.  and noisy obnoxious neighbors.

    Barron is Ivanka's half-brother (none / 0) (#7)
    by Peter G on Mon Jul 24, 2017 at 09:50:49 PM EST
    not her son. It's not on her to send him to college (assuming, when the time comes, he wants to go and can get admitted).

    my bad (none / 0) (#8)
    by CaptHowdy on Tue Jul 25, 2017 at 07:50:56 AM EST
    on the other hand the reason i didnt know is i dont care.  but i believe they have children.

    Ivanka and Jared (none / 0) (#9)
    by Zorba on Tue Jul 25, 2017 at 09:44:06 AM EST
    have two sons and a daughter.

    And, young Don Jr., (none / 0) (#11)
    by KeysDan on Tue Jul 25, 2017 at 12:14:51 PM EST
    is 39 and has five children.

    No lie (none / 0) (#3)
    by jondee on Sat Jul 22, 2017 at 07:40:11 PM EST
    my sister once rented from Jared in Somerville Mass, and the heat went out in the entire building in the Massachusetts wintertime for a month. She never received any kind of refund or even a token word of apology.

    Though I suppose these days there are some diehard Trumpsters that admire the sheer 'un-pc' audacity required to let one's tenants freeze to death. Plus, as conservatives like to say, other people's suffering builds character; what doesn't cause irreversible hypothermia makes you stronger. And all those who say different are just jealous.

    I read about (none / 0) (#4)
    by Ga6thDem on Sat Jul 22, 2017 at 08:23:23 PM EST
    that story where the heat went off months ago. I'm assuming your sister came out okay from that experience but how on earth did she do without heat for a month? Did they start burning wood for heat or something?

    I'm not sure what she did (none / 0) (#6)
    by jondee on Sun Jul 23, 2017 at 08:37:40 AM EST
    it was quite awhile ago. If I know her, she bundled up in a bunch of comforters with her friends and passed around the brandy and pot. The way the early colonists did.

    The NYT ran this editorial a couple of months (none / 0) (#5)
    by desertswine on Sun Jul 23, 2017 at 12:03:06 AM EST
    ago.  Jared Kushner's Beleaguered Tenants

    Kushner is definitely a really creepy person. At least he's solving the Middle East in spectacular fashion. Not.