Ivanka Trump is still profiting from the Trump Organization while she works as a senior advisor to her father in the White House, according to a new report.
McClatchy reports that Trump was expected to make $1.5 million a year starting in 2017 thanks to her ties to her family's real-estate empire. That amount is broken into three lump sum payments of $800,000 from TTT Consulting, $600,000 from TTTT Venture and another $100,000 from T International Reality, which are companies incorporated in Delaware and linked to the Trump Organization. The payments were for "consulting, licensing, and management of real estate properties," according to McClatchy, which cited Trump's financial disclosure report.
But $1.5 million pales in comparison to the reported net worth of Ivanka Trump and her husband, Jared Kushner, who is also a White House advisor. Last year, the New York Times reported that the couple's holdings are worth upwards of $740 million because of vast real-estate investments.
Specifically, the newspaper noted that the first daughter has a stake in the D.C. location of Trump Hotels, a property which has already prompted questions of conflict of interest. Ethics experts expressed concern that foreign leaders will stay there in an attempt to influence the president's policy. Her ownership of the hotel is reportedly worth between $5 million and $25 million, though it is unclear how Ivanka will be paid for her stake in the business.
As the digital director for Town & Country, Caroline Hallemann covers culture, entertainment, and a range of other subjects
Sam Dangremond is a Contributing Digital Editor at Town & Country, where he covers men's style, cocktails, travel, and the social scene.
