Ivanka Trump, Jared Kushner Made A Staggering Amount Of Money In 2020

Ivanka Trump and Jared Kushner’s latest financial reports show they made millions while holding public office in 2020, including several discrepancies indicating they might have been less than truthful in statements about their finances. A report from the organization Citizen’s For Ethics says the pair made between $23 million and $120 million in 2020, with more specific numbers unavailable due to the nature of their financial reports.

The figure is actually down slightly from the previous year, in which they reported between $36 million and $157 million. The 2020 fiscal year was the first year in which Trump received no money from businesses she established before her father assumed the presidency.

A chunk of that decrease might be because of the pandemic: many Trump holdings profit off of the service industry, which has been heavily impacted by COVID-19 lockdowns. Ivanka’s holding with the Trump International Hotel in the capital went from $4 million to $1.5 million in 2020. The building has attracted widespread controversy over the potential conflict of interests it poses.

Citizens For Ethics also notes a range of unusual movements in the couple’s finances.

In order to eliminate several conflicts of interest, Ivanka agreed when entering government to take set payments from several organizations instead of amounts based on their performance. The money she received from them fell dramatically this year, something that shouldn’t be possible if the payments were set beforehand.

Kushner drew flak for his involvement in Cadre, a real estate company. In 2020, he finally agreed publicly to divest his stake, but records from the Office of Government Ethics show he quietly halted those plans. A representative said at the time he was still planning on selling. His last report shows that never happened.

The final target from Citizens For Ethics is a new offshore company that Kushner formed and transferred assets to. It’s based in the British Virgin Islands and holds more than $25 million in Kushner’s wealth. Companies based on the islands do not have to pay taxes.