By Anu Narayanswamy and
Michelle Ye Hee Lee June 14 at 4:46 PM
Ivanka Trump’s decision to shut down her clothing brand because of her work in Washington resulted in income losses in 2018, according to new personal financial disclosure forms released Friday.
In 2017, Trump reported income of over $5 million from the brand. In 2018, she reported earning between $1 million and $5 million, the new disclosures show.
The president’s daughter, who is also a White House senior adviser, shut down her namesake clothing and jewelry brand in July 2018, as the brand suffered backlash from the president’s policies and rhetoric and revenue losses after several national retailers decided to stop selling its products.
Trump and her husband, Jared Kushner, earned a minimum of $29 million in 2018, according to personal financial disclosures filed last month with the Office of Government Ethics. In 2017, the couple’s reported minimum income was $82 million.
It is not possible to determine the exact amount of income losses or net worth, in part because the Office of Government Ethics uses broad ranges for assets and liabilities.
Kushner, who is also a White House senior adviser, reported earning between $1 million and $5 million from Quail Ridge LLC, a residential real estate company in Plainsboro, N.J. The amount was lower than what was reported in the previous year, new disclosures show.
The president’s daughter and son-in-law had assets ranging between $181 million and $755 million, according to the disclosures.
Ivanka Trump and her husband retained ownership of their personal businesses after the president took office and they took on new roles as White House advisers. Ethics experts and critics have raised concerns over potential conflicts of interest and possible influence from foreign entities.
more:
http://www.washingtonpost.com/politics/income-for-ivanka-trump-and-jared-kushner-fell-in-2018-new-financial-disclosures-show/2019/06/14/a10b08a8-8ec4-11e9-adf3-f70f78c156e8_story.html?utm_term=.15f8b47150fd
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