American fashion designer and businesswoman Ivanka Trump and Jared Kushner first met when they were 25, at a business lunch back in 2007. Since then, the pair have amassed a massive fortune through affluent connections within their families and successful business endeavors. They now share an incredible fortune, extravagant properties, and the best of everything. Trump and Kushner have been at the center of many scandals, but the couple’s extravagant wealth resulted from years of hard work.
Although wealth is hard to measure precisely, the couple’s real estate holdings and other investments were valued at up to $811 million in 2017, an increase of nearly $50 million from the previous year. Kushner and Trump, who both come from wealthy real estate families in New York City, have always maintained ostentatious lifestyles and mansions. While they did not receive compensation for their time spent as White House aides, the Trumps said they made at least $83 million from other sources in President Trump’s first year in office.
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Ivanka Trump Accumulating Her Wealth
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Ivanka Trump spent a lot of time and effort polishing her father’s brand while simultaneously developing her own. As an executive vice president at the Trump Organization, where she was in charge of finding deals and designing the interiors of Trump properties, she made about $25 million.
Besides her role as vice president, she was involved in several other endeavors. In 2007, Ivanka Trump debuted her first line of branded jewelry. Following this, a variety of accessories, including footwear and handbags, emerged. According to company data reviewed by the New York Times, sales had reached $75 million by 2013. Her clothing brand swiftly surpassed $100 million. According to market analysts, Ivanka received about a 7% cut of the wholesale revenues generated by her brands when her company leased them to outside manufacturers. At the height of her fashion line’s fame, she was estimated to have earned more than $10 million yearly before taxes and costs.
Jared Kushner’s Business Ventures
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The Kushner Companies, Jared’s family firm, has a real estate portfolio worth about $7 billion. In 2007, Jared was in charge of purchasing 666 Fifth Avenue, a mid-sized office building in New York City. Additionally, Kushner outbid American actor Robert De Niro’s Trifecta Enterprises for the rights to publish The New York Observer, a New York City weekly newspaper, in 2006. The deal was reportedly worth $10 million. Vanity Fair claims that the Observer’s status among New York’s elite has plummeted under Kushner.
However, the paper is now profitable and boasting traffic growth, with 6 million unique visitors per month, up from 1.3 million in January 2013. In addition, the New York Observer was one of a few newspapers to favor Republican primary candidate Donald Trump in April 2016. Still, at the end of the campaign season, the paper decided not to endorse any remaining candidates.
Going On A Spree And Flying Lavishly
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Ivanka Trump loves to live large, including dressing extravagantly. Trump’s impeccable style has spawned numerous clothing and jewelry lines over the years, but her purchases from A-list designers have captured the public’s attention. The Daily Mail claims that in 2018, Trump wore an Oscar de la Renta outfit costing $3,700 to a meeting in Buenos Aires. According to the publication, Trump accessorized her couture dress with a $275 purse from her own company. But Trump is no stranger to better things and has been seen in numerous fancy accouterments, so her Oscar de la Renta ensemble is hardly the most expensive she has worn.
Jared Kushner and Ivanka Trump use their multimillion-dollar private jets for personal and professional purposes, including lavish trips to Mar-a-Lago with their families. They flew to Saratoga, Wyoming, on Trump’s private jet, Trump Force One, in 2018. The Daily Mail claims the plane is a Boeing 757 and measures 153 feet in length. Though the Trumps are no strangers to flying in opulence because of their frequent usage of Air Force One, their new Trump Force One may be their most lavish aircraft to date. An estimated $100 million can be attributed to the plane’s unique red, white, and blue color scheme.
Living Extravagantly
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Ivanka and Jared made a stunning turn after Trump’s presidency when they purchased a $30 million lavish condo in Miami. According to Page Six, back in 2020, the Trumps and Kushners purchased a great plot of land on Indian Creek Island in Miami-Dade County, a location described as one of the most guarded areas in Florida. The island is ideal for wealthy individuals seeking privacy.
Like other multimillionaires, Jared Kushner and Ivanka Trump have shown their wealth by purchasing unique works of art. The couple spends their money on flashy clothes and five-star vacations, but they also dabble in the art world and have built up a collection of pieces worth several hundred thousand dollars. The pair reportedly has a $25 million art collection, as reported by Business Insider. The couple dropped almost $500,000 on a piece of art by artist Dan Colen titled Chewing Gum On Canvas.
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Sources: US Magazine, Forbes, Daily Mail UK, Business Insider
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