WASHINGTON _ Jared Kushner, President Donald Trump's son-in-law and senior adviser, on Friday filed an amended financial disclosure that reflected his family's sprawling real estate holdings _ and the approval of the federal Office of Government Ethics.
At the same time, Ivanka Trump, the president's daughter and Kushner's wife, submitted her own financial disclosure form to OGE, according to copies of the documents obtained by Bloomberg News from a White House official. The agency hasn't yet approved the document.
"Jared and Ivanka have followed each of the required steps in their transition from private citizens to federal officials," said Jamie Gorelick, an attorney with Wilmer Cutler Pickering Hale and Dorr LLP who represents Kushner. She said that discussions with the federal ethics agency, which approves appointees' disclosures and their plans for handling potential conflicts of interest "are proceeding in the ordinary course" with regard to Ivanka Trump's filing.
On her form, Ivanka Trump disclosed a business trust worth more than $50 million with underlying assets that include her trademarks and her jewelry and fashion lines. She also disclosed 10 assets underlying a real estate company, including interests in future hotels and golf courses in New York and a licensing deal for a hotel in India. She valued those assets between $5 million and $25 million. She also disclosed income of $529,590 from the Trump International Hotel in Washington, D.C.
Kushner's 89-page disclosure reveals dozens of multimillion-dollar assets _ reported in ranges of value. The form doesn't begin to capture the full value of the Kushner family holdings, which are tied to $5.2 billion of assets and $2.9 billion of debt, according to data firm Real Capital Analytics.
The amended filing shows that an entity Kushner owns was involved in the sale of residential real estate in Toledo, Ohio, for as much as $25 million. It describes Kushner's ownership in the entity as indirect and passive.
A different limited liability company, Dumbo WT Venture LLC, was involved in a purchase on March 31, with a reported amount of as much as $25 million, the filing shows. With co-investors, Kushner Cos. owns properties in the Brooklyn neighborhood of Dumbo, which stands for Down Under the Manhattan Bridge Overpass. His holdings include the Watchtower Building, which he purchased from the Jehovah's Witnesses.
Kushner and Ivanka Trump both work in the White House. Neither is taking a government salary.
