Ivanka Trump received $12.6M since 2016

Ivanka Trump received $12.6M since 2016

First daughter Ivanka TrumpIvana (Ivanka) Marie TrumpLawmakers introduce bipartisan bill to allow new parents to advance tax credits Jane Fonda says she feels 'sad' for Trump Hillicon Valley: Google to limit political ad targeting | Senators scrutinize self-driving car safety | Trump to 'look at' Apple tariff exemption | Progressive lawmakers call for surveillance reforms | House panel advances telecom bills MORE or her trust made at least $12.6 million from her various business ventures since early 2016 and will make at least $1.5 million per year even as she serves in the White House, according to an ethics disclosure.

The New York Times reported Friday that the disclosure for President Trump's eldest daughter was released as her husband, Jared KushnerJared Corey KushnerDemocrat calls for investigation of possible 'inappropriate influence' by Trump in border wall contract Judge temporarily halts construction of a private border wall in Texas Mueller witness linked to Trump charged in scheme to illegally funnel money to Clinton campaign MORE, submitted an updated financial form revealing they benefit from a business empire worth as much as $761 million.

ADVERTISEMENT

According to the report, Trump has received more than $2.5 million in salary and severance from the Trump Organization, and millions of dollars for work at real estate companies and other sources since leaving her previous roles to join the White House.

Going forward, the Times reported, Ivanka Trump will receive a fixed payment of $1.5 million from the three real estate companies she worked for in 2016, including her family's luxury real estate brand. She'll continue to earn more money from her stake in Trump International Hotel in Washington, D.C.

The change in her earnings is the result of a deal made with the Office of Government Ethics (OGE) to minimize the risk of conflicts of interest for Ivanka Trump and Kushner going forward.

An ethics expert told the Times that there may be more income streams the OGE doesn't yet know about. 

“There still may be financial ties that we don’t know about,” said a former chief ethics officer of the Federal Election Commission. “These really weren’t meant to deal with a situation where somebody’s going to keep a major business interest.”

Jamie Gorelick, an attorney advising Trump and Kushner on ethics matters, released a statement to the Times.

“Jared and Ivanka have followed each of the required steps in their transition from private citizens to federal officials. 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.

"Ivanka’s financial disclosure form is still in the pre-certification stage, as she began the process later, but discussions with O.G.E. are proceeding in the ordinary course.”