What does Ivanka Trump do for a living? Career, family and net worth of the former President’s daughter
Of Donald Trump’s five children, Ivanka, through several ventures, has managed to build the largest fortune second only to that of her father.
Ivanka Trump, the second child of Donald Trump with his first wife Ivana, has amassed a sizable fortune over the years. She has earned millions from her work at the Trump Organization, family real estate ventures, retail fashion lines, two books and payments from a trust fund.
According to Celebrity Net Worth, when combined with her husband Jared Kushner’s wealth they have a net worth of roughly $800 million. The wealth of the two together is second only to that of her father Donald Trump. Jared too came from a family whose wealth was built on real estate ventures. Here’s a look at their current fortune.
What is Ivanka Trump’s net worth? How rich is the former president’s daughter?
Ivanka graduated from the Wharton School at the University of Pennsylvania, her father’s alma mater, with a BA in economics in 2004. She briefly worked at Forest City Enterprises as a real estate project manager before joining the family business in 2005. She left the Trump Organization in January 2017 to join her father’s White House administration. She earned roughly $35 million for her work at the family enterprise.
At the same time she was employed with the Trump Organization, she also worked with Dynamic Diamond Corp. to design a line of jewelry under her name. As well, Ivanka licensed her name for a line of handbags and footwear along with a line of women’s work wear that were sold through department stores. She received a 7 percent cut of the wholesale revenues which fetched her about $10 million per year at the endeavors’ height. Sales however, fell off and they were cancelled in 2018.
Other sources of income that she has reported include payments to the tune of $5 million in 2018 from a more than $50 million trust fund. That year, in official financial disclosures, she stated that she had $55 million in assets.
Ivanka also reported that she got $3.9 million from her 7.5 percent stake in the Trump International Hotel in Washington DC.
Since leaving politics- both Ivanka and Jared were senior advisors in the Trump administration- Ivanka said that she wanted to focus on her family and private life but that hasn’t stopped her from dabbling in investments. Earlier this year, Ivanka was said to be exploring new business ventures in Miami, Florida where she and her family live.
Her husband Jared, in his own financial disclosures in 2017, put his net worth at $325 million. In 2021, Kushner set up an equity firm Affinity Partners with a $2 billion investment from Saudi Arabia whose crown price he worked closely with while at the White House.
The two bought property on a private island Indian Creek, nicknamed the “Billionaire Bunker,” in Miami, Florida in 2020 for $30 million. Then in 2021 they picked up another property with a fixer-upper on it for $24 million which is now their residence. The couple live in the house with their three children, Arabella, 12, Joseph, 10, and Theodore, 7.