Jared Kushner, Ivanka Trump report $36M drop in income

Former President Trump’s daughter Ivanka Trump and her husband Jared Kushner reported more than a 20 percent drop in yearly income in their final financial disclosure forms.

The couple reported they had an income between $23.8 million and $120 million for 2020 and the first 20 days of 2021, according to Bloomberg. In the previous year, Trump and Kushner reported an income of as much as $156 million, Bloomberg notes, indicating a drop in financial gains.

They are not required to provide specific amounts and are able to give broad ranges when disclosing their income. Neither Trump nor Kushner received government salaries while serving as White House advisers.

The news outlet notes that they both have financial stake in businesses that have been affected by the coronavirus pandemic, with Kushner deriving a large portion of his income from real estate he owns. Trump still holds many ties to her family’s companies, receiving $1.5 million from her stake in the Trump International Hotel in D.C.

Most of the couple’s debt comes from Kushner, who holds several lines of credit with his father, real estate mogul Charles Kushner, Bloomberg reports.

After joining the White House in 2017, the couple reported an income of as much as $195 million, Bloomberg notes, though the time period covered in their first disclosure was longer than the rest.