How Ivanka Trump and Jared Kushner built their $1.1 billion fortune and how they spend it

• Jared Kushner and Ivanka Trump were high-profile couple long before they became fixtures in the White House.
• Coming from two prominent real-estate families, the couple is estimated to be worth a collective $1.1 billion.
• Despite holding unpaid positions, Trump and Kushner raked in at least $83 million in outside income during the first year of President Donald Trump’s administration.

Jared Kushner and Ivanka Trump are worth an estimated $1.1 billion combined.

Both hailing from prominent New York City real-estate families, Kushner and Trump have had impressive houses and habits since before they settled in Washington, DC.

Though their roles as White House advisers are unpaid, the couple reported earning at least $83 million in outside income during the first year of President Donald Trump’s presidency.

This is how they spend their family-built fortunes.

Sources have estimated that Ivanka Trump's net worth is roughly $300 million, and Jared Kushner's net worth could be $800 million.

Source: Celebrity Net Worth

An ethics filing showed that Trump and Kushner earned at least $83 million in income last year, despite holding unpaid roles with the administration.

Sources: AP, The Guardian

Outside of the administration, both Jared and Ivanka have a number of ongoing professional interests.

Kushner's fortune primarily comes from his senior position with his family's real-estate business, Kushner Companies, which handled more than $7 billion in deals over the past 10 years.

Source: The New York Times

Kushner bought The New York Observer in 2006 for $10 million. A former associate told Time magazine that his father, Charles Kushner, bought the paper for his son as a "graduation present."

Sources: The New York Times, Time Magazine, Business Insider

One of Kushner's largest assets is the real-estate investment platform he cofounded with his brother Joshua, named Cadre. His latest disclosures show the company was worth at least $25 million at the end of 2017.

Source: Associated Press

Trump left her family organization after her father was inaugurated in January 2016 to take on a senior role in the White House.

When Trump left her position at the Trump Organization, she received $2 million in severance, which was paid after her father's inauguration.

Source: The Washington Post

The bulk of her assets are contained in a trust that controls her businesses. It was created in March 2017 to oversee her businesses and soothe ethics concerns.

Source: Washington Post

The Ivanka M. Trump Business Trust earned over $5 million in 2017, her financial disclosure forms show.

Source: Washington Post

In July, Trump announced her 7-year-old fashion label would be closing so she could focus on her work in Washington. The brand had previously been dropped by several major retailers amid outcry from customers.

Source: Business Insider

In 2017, Ivanka Trump also earned a reported $3.9 million from her stake in the Trump International Hotel in Washington, DC.

Source: Politico

She also took in $289,300 from an advance for "Women Who Work," her third book that Penguin Random House published in May 2017.

Sources: Washington Post, Amazon

After outcry over concerns that the book's profits would violate ethics guidelines, Ivanka announced she would be skipping all promotion for the book and donate the unpaid portion of her advance and future royalties to charities.

Source: USA Today

Altogether, Trump made at least $12 million in 2017.

Source: Washington Post

On the spending side, Trump and Kushner pay $15,000 in rent every month for a 7,000-square-foot house in the Kalorama neighborhood in Northwest Washington, DC.

Source: Business Insider

Picturesque Kalorama is also home to Amazon CEO Jeff Bezos and former President Barack Obama and former First Lady Michelle Obama.

Source: Business Insider

Before setting down roots in Washington, Jared and Ivanka's main residence was a four-bedroom penthouse in the Trump Park Avenue building, where they're expected to eventually return.

Source: Town & Country

Documents show the couple's art collection is worth up to $25 million. Many of the pieces are from young, up-and-coming artists and are primarily showcased through her social-media posts.

http://instagr.am/p/BI2OX5_gthD

Source: Business Insider

As part of elite DC society, Kushner and Trump's eldest daughter, Arabella, attends the Jewish Primary Day School in Washington, where annual tuition runs a cool $26,100 for kids in prekindergarten to fifth grade.

Source: Town and Country, Jewish Primary Day School

Trump sparked controversy in a 2016 "60 Minutes" appearance, during which she wore a $10,800 diamond-and-gold bangle from her Ivanka Trump Fine Jewelry line. Her company sent out a "Style Alert," urging people to tune into the interview, prompting conflict of interest concerns.

Ivanka Trump uses “60 Minutes” appearance with the President-elect to hawk her $10,800 bracelet. https://t.co/RFXICkXEZ7 pic.twitter.com/sbatodRgYJ

— Jim Roberts (@nycjim) November 15, 2016

Sources: The New York Post

Ivanka later prompted a wave of criticism when she posted a picture of herself in a $5,000 silver Carolina Herrera dress the same day the president signed the travel ban.

Source: MarketWatch

The couple is fond of skiing vacations and have caused stirs at resorts in Aspen, Colorado, and Whistler, Canada, when they visited the busy slopes around major holidays with teams of security agents. Since she is the first daughter, they have to travel with secret service.

Sources: The Aspen Times, Jewish Insider

When the couple took a weekend trip to a luxury hotel in the Dominican Republic in 2017, the security bill cost $58,000 in taxpayer money. They paid for their own hotel costs.

Source: Business Insider

Also in August 2017, travel and lodging expenses for the Secret Service agents who accompanied Trump and Kushner on a two-day trip to the ritzy Twin Farms resort and spa in Barnard, Vermont, cost $13,940. The secret service agents reportedly stayed eight days.

Source: NY Daily News

The political power couple has been rich all their lives, and will likely have the opportunity to pass on immense wealth on to their three kids, just like their parents did for them.