Kushner adds USD10m in 'omitted' assets to disclosure form

Donald Trump Jr and Eric Trump are said to be envious of all of the attention toward Jared Kushner. Kushner is seen right with his wife Ivanka Trump at the annual Allen & Company Sun Valley Conference in Sun Valley Idaho last week

Kushner adds USD10m in 'omitted' assets to disclosure form

U.S. President Donald Trump, flanked by Ivanka Trump and White House senior advisor Jared Kushner, delivers remarks to the Arab Islamic American Summit in Riyadh, Saudi Arabia May 21, 2017. Mr. Kushner's initial disclosure put the value of their assets between $240 million and $740 million. She reported assets of at least $66 million and at least $13.5 million in income a year ago from her various business ventures. Administration officials have sparred with the Office of Government Ethics, the agency charged with helping executive branch agencies mitigate conflicts.

In total, Trump will receive US$1.5 million in fixed payments from the same three real estate entities. She'll continue to earn more money from her stake in Trump International Hotel in Washington, D.C. The trust produced between $1 million and $5 million in income.

She also received $2.5 million from her father's company, the Trump Organization, after resigning her position in January.

Although the documents show Trump's personal assets, income and liabilities, they do not disclose her brand's fashion licensing partners, for example, or real estate clients.

Almost three months later, CNN found that Jared Kushner is still being used in online promotional materials by two businesses working with the Kushner family.

A former White House ethics expert tells CNN the EB-5 program already raises a potential government-backed quid pro quo - favorable immigration status in exchange for investment dollars. "These really weren't meant to deal with a situation where somebody's going to keep a major business interest".

Kushner's $25 million stake in Cadre, a crowdsourcing app for real estate projects.

The page, which is in Chinese, refers to the Kushners as "real estate heavyweights", and notes "the celebrity of the family is 30-something "Mr".

Kushner's newly-reported disclosures revealed that he had sold interest in a New Jersey mall, that he no longer had stake in a company with interest in a OH property, that he had a stake worth between $5 to $25 million in a holding company that owned an online real estate investment platform named Cadre and that he owned artwork ranging in worth from $5 million to $25 million.

Kushner's document updates one released four months ago and includes some previously undisclosed holdings that comprise some of the couple's most valuable investments.

That's according to revised paperwork released Friday. In the first report, he stated that the couple's holdings were worth about US$736 million, about US$25 million less than in the updated report. Trump resigned as a trustee a year ago. She said she earned $787,500 from a publisher's advance for her book "Women Who Work", which debuted in May.

According to CNN, "Jared Kushner's status as a top aide to President Donald Trump was used to lure Chinese investors to his family's New Jersey development". The couple added the art to the form out of an abundance of caution, an attorney who helped Kushner and Trump prepare the forms said. "The Office of Government Ethics has certified Jared's financial disclosure, reflecting its determination that his approach complies with federal ethics laws", Gorelick said in the statement.

In correspondence with the ethics office earlier, White House lawyers indicated Kushner wished to sell BFPS, adding that if he retained the company, it would "disqualify him from participating in particular matters that will have a direct and predictable effect on the technology and electronic sectors".

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