Ivanka Trump is keeping her stake in Trump International Hotel Washington, D.C., while she serves as an assistant to her father in the White House, financial filings show, according to The New York Times.
Financial documents filed by her husband, Jared Kushner, who serves as senior adviser to President Donald Trump, reveal that she earned between $1 million and $5 million from January 2016 to March from the hotel, the Times reports. The couple’s combined business assets are valued at $741 million, according to Kushner’s 54-page document filed on Friday.
Kushner earned close to $180 million last year, while Ivanka Trump earned $10 million, NBC reported Saturday.
The Trump International Hotel leases from the government a refurbished public building — the old post office in Washington, D.C. According to government rules concerning the property, no federal official is allowed to profit from property. However, Donald Trump is now not only a tenant but also the landlord.
The General Services Administration ruled this month that the hotel isn’t violating its lease with the government because the president is not managing the property and it’s now owned by a revocable trust — which Donald Trump controls.Read more...