Jared Kushner’s latest revision of his financial picture reveals a very wealthy man, and couple, who continue to profit enormously from the Trump presidency. But beyond the numbers lies the fact that Kushner, like his father-in-law, seems incapable of telling the truth about either the full extent of his financial empire or the extent of his contacts with foreigners—Russians especially—whose interests are intertwined with his own.
Here’s the current picture for Kushner and Ivanka Trump:
- He holds managerial and/or leadership positions in 266 real estate and related organizations, most of them in New York City and some in New Jersey.
- He lists income of over $6 million from two assets—his real estate and media companies.
- His wife, Ivanka Trump, lists 17 sources of income; and together, they list an additional 221 income sources, mostly real estate but also interest earned on bonds and other financial instruments, with values ranging from $1,000 to $25 million (https://assets.documentcloud.org/documents/3899119/Kushner-Jared-1.pdf). Kushner failed to list over 70 of those income sources previously.
- Their list of financial liabilities are headed by credit lines from Valley National Bank (New Jersey) and Deutsche Bank, each in the range of $5-25 million.
- The couple continues to earn tens of millions of dollars from their real estate and other businesses, including those they supposedly divested or resigned from. According to the Washington Post’s review of Kushner’s latest filing, he “resigned from 266 corporate positions, and [Ivanka] Trump stepped down from 292 positions . . . But they still control assets worth at least $139 million, along with another $66 million, at minimum, of assets that are tied to Trump’s stakes in her fashion brand, the Trump hotel in Washington and other real estate projects, according to the filings. And they both continue to draw large sums from outside interests: The couple has jointly made at least $19 million in income from business ventures and listed more than $80 million in real estate and other revenues since the start of 2016 . . .” (washingtonpost.com/politics/kushner-failed-to-disclose-dozens-of-financial-holdings-new-document-shows/2017/07/21/1a11a566-6e35-11e7-96ab-5f38140b38cc_story.html).
In today’s column, Nicholas Kristof makes the case for removing Jared Kushner from his White House job because he’s a security risk (www.nytimes.com/2017/07/22/opinion/sunday/jared-kushner-ivanka-russia-investigation.html). Innocent until proven guilty, for sure; but the circumstantial evidence of a cozy, potentially compromising relationship with the Russians—notably, the secret meeting with Russians in the company of Donald, Jr., the plan to set up a backchannel communications link in the Russian embassy, and the failure to disclose several other meetings with officially connected Russians—is very strong. (See my Post #172, Jared’s Secrets.)
In a word, Jared Kushner reeks of corrupt, unpatriotic behavior that may lead to indictments. He will probably be the first person pardoned by President Trump. But in the meantime, Kushner should be removed from office and his security clearance denied—as a matter of national security.