Ivanka Trump And Jared Kushner Won't Trade Their $24 Million Miami Mansion For The White House. Here's How They Made Their Money

In an unexpected turn of events, Ivanka Trump and Jared Kushner have decided not to return to the White House, opting instead to stay in their luxurious $24 million Miami mansion. The couple's decision to remain in the private sector has raised questions about their financial motivations and the sources of their wealth. This article explores how Ivanka Trump and Jared Kushner have made their money and why they chose to forgo a return to public service.

Ivanka Trump and Jared Kushner's wealth can be attributed to their respective family real estate dynasties and strategic business ventures. Here's a breakdown of their financial journey:

1. Real Estate Investments: Ivanka Trump's personal trust generates income from her stake in the Trump International Hotel in Washington, D.C., valued between $5 million and $25 million. She made between $1 million and $5 million in profit off this stake in 2016 and part of 2017. Additionally, her business and corporations, held in a trust, generated over $5 million in revenue last year.
2. Kushner Companies: Jared Kushner's family real estate company, Kushner Companies, is a significant source of his wealth. As the former CEO of the company, Kushner owns a 20% stake in the firm, which is estimated to be worth $2.9 billion. Kushner Companies owns apartments, office and retail spaces, and hotels across the country, contributing to Kushner's substantial net worth.
3. Affinity Partners: Jared Kushner's private equity firm, Affinity Partners, has also played a significant role in his financial growth. The firm's investments in foreign governments, particularly in the Middle East, contributed to their wealth expansion. Affinity Partners received a $2 billion investment from Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), when it started. This investment was made by Saudi Crown Prince Mohammed Bin Salman, indicating the firm's potential and the Saudi government's interest in its projects. Affinity Partners charged high management fees, with the Saudi PIF paying a 1.25% annual fee on its $2 billion investment. Other investors, including an unnamed investor, were charged a fee closer to 2% on committed funds. These fees, although high for a relatively inexperienced firm, contributed to the firm's revenue and, consequently, the Kushner family's wealth.
4. Strategic Expansion: The couple's strategic expansion into affordable housing and diversified real estate portfolios has also contributed to their net worth. The Kushners, led by Jared and Ivanka, sold their riskier New York-based investments, such as the debt-ridden 666 Fifth Avenue property, and instead focused on acquiring apartment complexes in New Jersey, Miami, and other parts of the South. This diversification helped swell their portfolio to "over 27,000 units in 15 states." By expanding into affordable housing, they tapped into a high-demand market with substantial cash flow potential. Focusing on affordable housing allowed the Kushners to generate substantial cash flow from their properties, contributing to the couple's overall net worth.

In conclusion, Ivanka Trump and Jared Kushner's wealth is primarily derived from their respective family real estate dynasties and strategic business ventures. Their decision to remain in the private sector and forgo a return to public service can be attributed to their desire to continue growing their wealth through their successful real estate investments and business ventures. The couple's strategic expansion into affordable housing and diversified real estate portfolios has played a significant role in their financial growth, contributing to their substantial net worth.