In a series of documents released earlier this week it has been revealed that Jared Kushner and his wife ivanka trump are benefiting from a property portfolio worth several hundred million dollars. The details of the couple's wealth came to light on Friday as The White House released financial disclosure forms for 180 of the administration's top officials.
Kushner's wealth
Despite being son in law of the most powerful man in the world, Jared Kushner's wealth, made up primarily of real estate and media, was mostly made before his relationship with Donald Trump.
At the age of 25 Kushner bought the 'New York Observer' for $10 million and has been credited with increasing its' online presence and and the expansion of the Observer Media Group. Although he had been a lifelong Democrat, he underwent an 'ideological transformation' and supported the Republican campaign of Donald Trump in 2015.
Conflicts of interest
Upon his appointment as Trump's senior adviser Kushner had to resign from in excess of 250 companies, corporations and non-profit groups where he held executive positions and also sold off the most problematic pieces of his portfolio. It was deemed that these positions would represent a conflict of interest to Kushner and wife Ivanka Trump as they took up their respective roles in The White House.
They have however, retained interest in their enormous global and real estate empire.
Ivanka Trump will also retain a stake worth between $5 and $20 million in the Trump International Hotel in Washington. Her interest in the hotel has raised concerns because its' situation at a few blocks from The White House means that potentially foreign governments or other special interest groups could stay there in order to curry favor with the administration.
The Trump administration
The disclosures have also revealed that the current administration is the wealthiest ever to be in power. Gary Cohn, former president of Goldman Sachs and now leader of the National Economic Council has assets in excess of $250 million,Kellyanne Conway has assets in excess of $15 million and Stephen Bannon, chief strategist to the president, is worth over $25 million. President Trump and Vice President Mike Pence do not need to legally file new financial disclosures until next year.