Ivanka Trump’s first ethics disclosure since joining the White House as an adviser to the president was made public on Friday, and the document reveals that she has made more than $12 million from various Trump-related businesses since 2016.
Despite resigning from leadership positions related to both the Trump family real estate business and Ivanka’s own fashion and lifestyle brand, the document also shows that the First Daughter is set to receive at least $1.5 million a year from the family’s real estate business.
Ivanka has turned day-to-day operation of her business ventures over to a top executive within the company, and transferred assets to a trust held by relatives of her husband, White House Senior Advisor Jared Kushner.
CONFLICT OF INTEREST Ivanka: My biz trustees are independent.
King: They're family members.
Ivanka: They're still independent. pic.twitter.com/YtloGypzb7
— RogelioGarcia Lawyer (@LawyerRogelio) April 5, 2017
The document also shows that Ivanka has received $2.4 million from her stake in the Trump International Hotel in Washington, D.C. The Washington hotel has become a prime example of the presidential family’s unprecedented web of conflicts of interest, as foreign diplomats have flocked to the hotel in an attempt to curry favor with the administration.
A ThinkProgress investigation from December found that the Embassy of Kuwait changed plans for its National Day celebration under political pressure, choosing to hold the event at Trump’s hotel instead of the Four Seasons in Georgetown. The switch was an apparent move aimed at garnering favor with then-President-Elect Trump.
In January, the Trump Organization promised to donate any profits from the Washington, D.C. hotel to the U.S. Treasury. Instead, it appears as though millions of those profits are being funneled into trusts belonging to Trump family members.
Ivanka also made $2.5 million in salary and severance from the Trump Organization while serving in her father’s administration, despite taking a formal leave of absence from the company after her father’s inauguration.
From March, when Ivanka joined the White House as an official government employee, through May, the disclosure notes that she made between $1 million and $5 million from a trust related to her fashion line.
Despite revealing a trove of new information, ethics experts told the New York Times that the new document does not include information that could bring to light even more conflicts of interest, such as licensing partners for her fashion brand or real estate clients involved with the Trump organization. Without knowing that information, it’s impossible to clearly understand how Ivanka’s presence in the White House could be used to benefit her family’s companies.
“There still may be financial ties that we don’t know about,” Lawrence M. Noble, a former general counsel and chief ethics officer of the Federal Election Commission, told the New York Times. “These really weren’t meant to deal with a situation where somebody’s going to keep a major business interest.”
Ivanka has operated with an unprecedented amount of influence inside the White House for a presidential child, even going so far as to sit in for her father during a G20 Summit.
Ivanka’s businesses have been involved in a number of controversial episodes since her father took office. In February, White House counselor Kellyanne Conway violated federal law when she said on Fox & Friends, from the White House Briefing Room, that viewers should go buy Ivanka Trump branded items.
“Go buy Ivanka’s stuff, is what I would tell you. I hate shopping, but I am going to go get some myself today,” Conway said. “This is just — it’s a wonderful line, I own some of it, I’m just gonna give a free commercial here, go buy it today, you can buy it online.”
The White House “counseled” Conway after the incident.
But that was not the last time the White House used official channels to plug Ivanka’s merchandise. In May, the taxpayer-funded Voice of America promoted Ivanka’s book, “Women Who Work: Rewriting the Rules for Success,” on its website and through its Twitter account.
Norm Eisen, former Obama administration ethics czar, called the promotion an ethics violation on Twitter.
Ivanka is far from the only member of the Trump family to skirt the line between business and official White House business. President Trump has not divested from his businesses and retains full ownership of the Trump Organization. The organization still receives payments from foreign governments, and Trump’s sons have continued to pursue new deals.
The line between the Trump Organization and the Trump Administration has also become increasingly blurred as Trump’s two adult sons — Don Jr. and Eric — have emerged as key media surrogates for the administration. That comes despite their pledge to distance themselves from the administration, since they are now running the Trump Organization.
Separate documents released by the White House on Friday show that Jared Kushner failed to disclose more than 70 financial assets in earlier disclosure forms. Kushner has updated his financial disclosure form 39 times since initially filing it in March, according to the Washington Post. This latest update comes amid increased calls by Democratic legislators to revoke Kushner’s security clearance, following revelations that Kushner failed to disclose several meetings with Russian nationals during the presidential campaign.