Ivanka Trump and Jared Kushner retain property assets while in White House

White House releases financial disclosures showing Kellyanne Conway owns tobacco shares and Steve Bannon earned $200,000 from Breitbart in 2016

The couple is holding on to assets of at least $240m, and Ivanka Trump will keep a stake in the Trump International Hotel in Washington. Photograph: Mandel Ngan/AFP/Getty Images

Donald Trump’s daughter and son-in-law, Ivanka Trump and Jared Kushner, are retaining scores of property investments while they work in the White House, according to financial disclosures likely to fuel concerns over a conflict of interest.

The Associated Press reported that the couple are holding on to assets of at least $240m while the New York Times, making a case that Kushner will continue to benefit from most of his business empire through a series of trusts, gave a figure of $741m.

The details came to light on Friday as the White House began releasing financial disclosure forms for around 180 top administration officials, offering a snapshot of the employees’ finances as they entered the White House.

Kushner, senior adviser to the president, quit more than 260 entities and sold off 58 businesses or investments identified as posing potential conflicts of interest, the AP reported. But his lawyers, in consultation with the Office of Government Ethics, determined that his property assets are unlikely to pose the kinds of conflicts that would trigger a need to divest.

Jamie Gorelick, an attorney who has been working on the ethics agreements for the couple, told the AP: “The remaining conflicts, from a practical perspective, are pretty narrow and very manageable.”

Ivanka will keep a stake in the Trump International Hotel in Washington, the New York Times said. Kushner’s financial disclosures put the value of Ivanka’s stake at between $5m and $25m and say she earned between $1m and $5m from January 2016 to March 2017.

The hotel, where the president sometimes dines just a few blocks the White House, has raised concerns that foreign governments or special interest groups could stay there in order to gain political favours.

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Source By https://www.theguardian.com

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