How much did Ivanka Trump earn in 2020? She raked in $1.4M from dad's DC hotel despite lockdown, say reports
Former senior White House adviser and daughter to former President Donald Trump, Ivanka Trump reportedly earned $1.4 million from the luxury Washington DC hotel owned by the former president's company during his final year in office, according to new financial disclosures.
According to the Daily Mail, which analyzed the documents accessed by Citizens for Responsible Ethics in Washington, the earnings were a considerable decline from the previous year, when she earned $4 million from her stake in the hotel. Former President Trump held on to his ownership of the hotel throughout his presidency despite complaints that it subjected him to unconstitutional emoluments.
However, the publication notes that it is less clear with respect to what happened in the former first daughter's stake in the hotel project which she helped oversee before she became an unpaid adviser to Trump with an office in the West Wing. The Daily Mail noted that early disclosures valued her stake between $5 million and $25 million, however, the latest disclosure only shows it as between $100,000 and $250,000 with no accompanying disclosure of a sale.
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The disclosures also revealed a variety of projects with "future interests" where she otherwise listed no income. These included a license deal in India, a golf course in Bali, a future golf course in Dubai, and hotel construction in New York. Ivanka Trump also listed substantial property holdings by husband Jared Kushner, who also had the unpaid position of White House senior adviser. The couple's art collection was also listed, valued at between $5 million and $25 million.
Kushner and Ivanka's total income listed in their final report is between $24 million and $121 million, even during the pandemic year that battered the economy of the country, and the hospitality and service industry in particular. Kushner and Ivanka engaged in several transactions over the course of the year, including bond sales of up to $1 million, stock sales of up to $2 million, and real estate sales linked to Kushner's firm, including a New Jersey project valued at $5 million to $25 million.
Ivanka Trump's and Jared Kushner's earnings come as the United States suffered the worse economic growth since the Second World War. According to The Washington Post, the US economy shrank by 3.5 percent in 2020 during the pandemic and the lockdown, with 9.8 million jobs lost and 23.8 million adults struggling to feed their families.
According to CREW, their exact combined earnings for 2020 were between $23,791,645 and $120,676,949, whereas, for the year 2019, financial disclosures reported their combined earnings being between $36,151,214 and $157,020,085.
The final financial disclosure report also states that Ivanka Trump did not receive any income from the businesses she ran in 2020. CREW reports that she reported income from the businesses in previous disclosures, including the one covering 2019, despite reporting that they ceased operating in July 2018.
CREW also noted another anomaly in Ivanka Trump's financial report related to fixed guaranteed payments she arranged to receive from a few entities. According to CREW, starting in 2018, Ivanka Trump began receiving $800,000 from TTT Consulting Inc, however, in the latest report, she disclosed receiving only $362,500 from the entity.