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DONALD TRUMP’S DAUGHTER Ivanka and her husband Jared Kushner have held onto real estate and business investments valued in the hundreds of millions while working government jobs.
The figures are included in ethics filings released by the White House last night.
The disclosures came in a mass document release showing the wealth and financial assets of scores of senior White House staff members at the time they began government work.
Ivanka Trump’s stake in the Trump International Hotel, located close to the White House, is one source of income that could represent a conflict of interest.
Critics have noted that interest groups or foreign governments could stay at the luxury hotel to get in the administration’s good graces.
The White House documents show that Ivanka Trump and Jared Kushner, who are both official advisers to the president, are still getting income from holdings valued at between $240 million (about €225 million) and $740 million (about €695 million).
Ivanka Trump — who just days ago announced she would officially enter a federal role as an unpaid adviser to the US president — will hang on to her stake in the Trump International Hotel.
According to her husband’s disclosure, the hotel stake is worth between $5 million (about €4.7 million) and $25 million (about €23.5 million). Between January 2016 and March 2017 she made between $1 million (about €940,000) and $5 million (about €4.7 million) in rent or royalties from the hotel, the documents show.
Kushner was recently tapped by his Republican father-in-law to lead a new White House office that aims to use business ideas to help streamline the government, according to the Washington Post.
The 36-year-old is a senior adviser to Trump with far-reaching influence over domestic and foreign policy.
Kushner left high-level positions at more than 200 entities related to his family’s real estate business, according to the documents, but will continue to reap benefits from many holdings related to the business empire he ran with his father.
Bannon, Cohn assets
The White House disclosures included information on the assets of Gary Cohn — the former president of Goldman Sachs who heads the White House National Economic Council — and Steve Bannon, Donald Trump’s chief strategist.
Cohn reported assets of between $253 million (about €330 million) and $611 million (about €573 million), and income in 2016 of up to $77 million (about €72 million).
Bannon’s most important asset is his private consulting firm, valued at between $5 million (about €4.7 million) and $25 million (about €23.5 million). He also had rental real estate valued at up to $10.5 million (about €9.8 million), and up to $2.25 million (about €2.1 million) in the bank.
Bannon reported $191,000 (about €179,000) in consulting fees earned from the conservative outlet Breitbart News Network, which he formerly headed, as well as more than $125,000 (about €117 million) for work at the data firm Cambridge Analytica, which worked for the Trump campaign, and more than $61,000 (about €57,000) in salary for a conservative nonprofit group.
The Trump administration is considered one of the wealthiest in US history — Bloomberg estimates his cabinet and senior staff are worth some $12 billion (about €11.3 billion).
No Trump divestment
Since being elected president, Donald Trump’s vast business empire has been scrutinised by ethics experts who say it poses major conflicts of interest.
Before taking office in January, Trump said he would formally hand “complete and total” control of his business empire to his adult sons, Don Jr and Eric, in a bid to avoid conflicts of interest – but he would not divest from his business holdings.
The Trump Organization, whose network of hotels, golf clubs and luxury residential towers stretches across 20 countries, is not listed on the stock market, and thus releases no public statistics.
Trump has thus far refused to release his tax returns, meaning little is known about the extent of its interests.
Don Jr, 38, and Eric, 32, are Trump’s eldest sons from his first marriage. They are currently executive vice presidents in the Trump Organization.
Trump’s personal lawyer Sheri Dillon promised that the new president would “build in protections” to show that his actions “are for their benefit and not to support his financial interests”.
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had a samsung for 2 years, got an iPhone and within half an hour was wondering why i hadn’t had an iPhone all along. Still streets ahead in my opinion.
Both are a waste of money. Huawei all the way.
Siemens C10 all the way.
I think Apple products are far superior to Samsung. Let the games begin!
stupid apple fan boy rejoicing at being over charged for old technology.
Can’t fault them, they do make great products, iPhone 5s is a super phone and laptops are sweet especially the MacBook Air
What do i use my old iphone and ipads for? that cannot upgrade beyound 5.1 ios and therefore are useless all apps are 6 and over. Why do they make devices to survive more than 2 years when they are worthless after that. Thats where they make their billions i suppose.
Its called Planned Obsolescence. Good documentary regarding the above on youtube.
The most recent iPhone that is not compatible with iOS 7.0 is the 3GS, released in 2009, slightly longer than two years. It was compatible up until iOS 6.1.3 as far as I know.
And the iPad only came about in 2010
Still have an iPad 1. Is only on iOS6 but works fine for everything I need it for, i.e. Web browsing, video/ audio streaming services etc.
Cork’s Average Income rises again!
Think I’ll stick with the ol’ Nokia 3310, still going strong after 11 years
I hate that kind of arrogance where Apple think are the only company that are part of the ecosystem, when everything they do is built upon the shoulders of others – Their phones would be useless without the work of Ericsson, NSN & Huawei who share their knowledge to make networks available to all; their ipads and laptops dependant on the internet, built on open standards made available to all, the thosands of websites that are built without any help from apple; Music players built on the backbone of mp3 developers, and the app store built upon the millions of developers who didn’t work on the 10 or so apps that apple have developed.
Like or loathe their products (I like them), Apple as a company are the Disney corporation of the 21st century, and will stiffle creativity and originality through their obsession with cash and patents above openness and sharing. Eventually, they will just be a US only patent trolling company left behind by the rest of the world.
(nb: apologies for the rant)
Totally agree. I like apple products however not a fan of wallet gardens and will therefore not support them.
Giz a lend apple
I wonder how many Chinese lads jumped out of windows because they couldn’t bare to work in apple factories while an American corporate giant makes enough money to cure world poverty….
Foxconn dont just make apple products they make everything xbox one ,Asus motherboards
4
Oh go away Declan you miserable sod.
Does it really matter? :P
My god filthy rich.
But can it play snake
Doesn’t make me want my I phone any more..
And have paid €1.95 in tax
Imagine if Irish Exchequer was receiving 12.5% of those super profits in corporation tax every year from Apple Inc?
Currently it’s circa 2%, and the Market Capitalisation of the company is headed towards $1 trillion, with Hard Cash on the Balance Sheet of $150 bn.
Great News for Shareholders, but is it good for Society in general that such cash piles are building up in lots if international behemoths, as a result if low and inequitable CT rates. 10% extra filtering into Government coffers, would go a long way to addressing perceived unfairness of system for “stateless” multinationals. And Governments could apply those extra revenues for productive public works in their respective countries, thereby generating additional and essential economic activity, employment, taxes etc.
The tap of trickle-down economics needs to be turned on fully, to offer more hope to the masses in a broken economic world.
If our government got some of that money we wouldn’t see it anyway all the cronies would be looked after and that’s about it
It’s a year on but well worth a read, first one is Wall Street Journal, the second one is interesting to us as irish people. Of course tax avoidance is all right it’s the non regulated tax evasion that middle men dislike.
http://online.wsj.com/news/articles/SB10001424127887324787004578495250424727708
http://www.businessinsider.com/how-apple-reduces-what-it-pays-in-taxes-2013-5
Apple . meh, its easy to see how they have massive profits what with obscene prices apple fan boys suck up to. Apple don’t do much designs in terms of electronics, its mostly outsourced but not to Samsung who rightly told them to fluck themselves.
If the lads up in the dall got their hands on that money they would just squander it
Get a life geeks…
Sent from my pink Tamagotchi
Apple . meh, its easy to see how they have massive profits what with obscene prices apple fan boys suck up to. Apple don’t do much designs in terms of electronics, its mostly outsourced but not to Samsung who rightly told them to fluck themselves.
Sounds great but in reality other ppl bear the loss.
have your say