Ivanka Trump made almost $4 million from Trump Washington hotel last year

The president's daughter is working as an unpaid adviser in the White House, but continuing to make millions from the family business.
Image: U.S. President Trump's State Visit To UK - Day One
Ivanka Trump and Jared Kushner look on at the Tomb of the Unknown Warrior during their visit to Westminster Abbey on June 3, 2019, in London.Jeff J Mitchell / Getty Images file

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.
SUBSCRIBE
By Dareh Gregorian and Freddie Tunnard

Ivanka Trump pulled in almost $4 million in revenue last year from her stake in the family hotel near the White House, documents released by the White House on Friday show.

Trump took in $3,952,480 in revenue from the Trump Old Post Office LLC in 2018, up slightly from the amount she reported in 2017, her financial disclosure form shows.

The Trump International Hotel in Washington, D.C., which is located in the Old Post Office building and opened during the 2016 campaign, has been good for her father's wallet as well. His disclosure form, which was made public last month, showed the Republican, lobbyist and diplomat hot spot generated revenue of more than $40.8 million, up from $40.4 million in 2017.

Let our news meet your inbox. The news and stories that matters, delivered weekday mornings.

The hotel has been a focus of lawsuits against the president charging that Trump is violating the Constitution's emoluments clause by profiting from his office as diplomats and foreign dignitaries spend big money there.

Ivanka Trump's interest in the hotel is valued at between $5 million and $25 million.

The financial news wasn't all good for the first daughter — her fashion line, which she announced she was closing down last year, took in at least $1 million in revenue, down from at least $5 million in her previous annual disclosure, theAssociated Press reported.

The bulk of her assets — valued at more than $50 million — are in a trust that holds her business and corporations, her previous disclosures have shown.

Her husband and fellow unpaid White House adviser, Jared Kushner, continued to take in millions of dollars from his holdings in real estate, the disclosure form shows.

Kushner's holdings of apartment buildings through his family real estate firm, Kushner Cos., was the source of much of his income. Westminster Management, the family business overseeing its rental buildings, generated $1.5 million.

The form reported Kushner's stake in his real estate company Cadre was worth at least $25 million, the same amount he reported last year. He also appears to have cut his debt. He had loans and lines of credit worth at least $27 million at the end of 2018, down from a minimum value of $40 million the previous year, the AP reported.

The ethics form disclosures include very broad ranges, making it impossible to determine the exact value of their assets or income. An analysis of their disclosure forms by Bloomberg put their joint 2018 income at anywhere between $28.8 million and $135.1 million.

The forms still have to be reviewed by the White House Counsel's Office and the Office of Government Ethics.

CORRECTION: (June 15, 2019, 1:37 p.m. ET): A previous version of this article misstated the year in which Ivanka Trump received $2,036,538 in salary and severance from Trump Payroll Corp. It was 2017, not 2018. Trump is not listed as receiving any payment from Trump Payroll Corp. in 2018.

Associated Press contributed.