When Donald Trump became president, he thrust his family even further into the global spotlight. For example, Ivanka Trump quickly took on an advisory role in the White House.
It’s an open secret that Donald Trump made quite a bit of money from his presidency. But what about Ivanka? As it turns out, she has been profitable before, during, and after the presidency of her famous father.
But how wealthy is she? We’ve got the breakdown of Ivanka Trump’s real net worth.
Starting from the top
Drake famously sang, “Started from the bottom, now we’re here.” But if Ivanka Trump created a song, it would be more honest to call it “Started From the Top.”
Much of Ivanka’s wealth over the years came from hard work. This included everything from writing a book to working in the Trump Organization to creating a fashion empire. But it was her famous last name that helped open many of the doors, and it was literally working for her father’s organization that helped make her so wealthy.
In her book Women Who Work, Ivanka shares some of her grandfather’s advice: “’To whom much is given, much is expected.’ I consider the position I’m in to be a great responsibility and one I intend to use wisely.”
Ivanka sees it as her responsibility to work hard, but this simple quote is the closest she’s ever come to acknowledging her privilege.
The Trump Organization pays well
Unlike many children of wealth, Ivanka Trump and her siblings do not have trust funds. But it has never really been necessary because Donald Trump helps pay them staggering salaries for their executive roles in the Trump Organization.
According to Forbes, Ivanka earned an estimated $35 million over 20 years in “pretax salary, commissions and bonuses” in her role as an executive vice president at The Trump Organization.
What’s more, she earned $2.5 million in severance pay when she left the Trump Organization to become a White House advisor.
Her own fashion empire
Obviously, Ivanka’s Trump Organization income was very impressive. But that was peanuts compared to the money she made from creating her own fashion empire.
It started with Ivanka Trump Fine Jewelry in 2007. In 2011, she created a full line of clothing that was sold in stores such as Macy’s, Dillard’s, Lord & Taylor, Nordstrom, and Bloomingdale’s. While she tried to keep the prices for these products under $200, the sales soon added up.
The New York Times revealed that she sold $75 million of products in 2013. While that “only” brought in $4–6 million, her empire only grew from there. In 2016, Forbes reported that her clothing line had brought in $100 million in revenues in the last fiscal year, an increase of $29.4 million in sales from the year before.
But soon her rising fashion empire would crash and burn. In 2017, Ivanka became an advisor to the White House. While this gave her new opportunities, a #GrabYourWallet consumer boycott of Trump-related products spelled the end of her fashion empire.
No White House salary
One of Donald Trump’s more controversial decisions was placing his children in official positions of power. In Ivanka’s case, she started as an unofficial advisor to her father. By March 2017, he made things official by giving her a White House job as “Advisor to the President.”
However, Ivanka seemed aware of the optics and tried to reassure the public that this wasn’t the huge conflict of interest it seemed to be. As NBC News reports, Ivanka issued a statement saying, “I have heard the concerns some have with my advising the president in my personal capacity while voluntarily complying with all ethics rules and I will instead serve as an unpaid employee in the White House Office, subject to all of the same rules as other federal employees.”
Continuing, she said, “Throughout this process I have been working closely and in good faith with the White House Counsel and my personal counsel to address the unprecedented nature of my role.” So, despite other White House aides making serious bank (often six-figure salaries), Ivanka’s White House salary was non-existent.
A profitable presidency
As you may remember, Donald Trump also refused to take his presidential salary. But like her father, Ivanka soon found other ways to make money from her time in the White House.
As the The Washington Post notes, Ivanka brought in “at least $12 million” in 2017 from ventures ranging from her stake in the Trump International Hotel, her dwindling fashion empire, and her Trump Organization severance pay. As a couple, she and her husband Jared Kushner made at least $82 million combined that year.
According to The New York Times, Ivanka brought in somewhere between $6.7 million and $10.7 million in 2018. And despite her and Kushner’s shifting salaries, she consistently brought in just under $4 million from her stake in the Trump International Hotel.
COVID-19 affected income
COVID-19 had an impact on businesses all around the world. And Ivanka Trump and Jared Kushner were financially impacted by this global pandemic as well.
Fortune reported that the couple’s income dropped by 20% in 2020. In 2019, the couple’s reported income was between $36.2 million and $157 million. But in 2020, with the pandemic raging, their reported income dropped to somewhere between $23.8 million and $120 million.
Ivanka’s stake in the Trump International Hotel was hit hardest by the pandemic. The value of her stake dropped anywhere between $5 and $25 million. And that value is now between $100,001 to $250,000. Throw in the fact that Ivanka made $200 or less from her “many trademarks and licensing contracts” and 2020 was a bad year for her.
It all adds up: Ivanka Trump’s net worth
Despite COVID-19 impacting their income, Ivanka and Jared Kushner are still fabulously wealthy. According to Celebrity Net Worth, the couple is worth a collective $800 million as of May 2021. This is a significant jump from 2019 when Forbes reported their net worth as $375 million (though Kushner’s previous omissions from financial disclosure forms mean that number may have been significantly lower than reality).
Relatively speaking, it’s impossible to distinguish exactly how much of this wealth comes from Ivanka. But based on documents obtained by The New York Times, the vast majority of their fortune comes from Jared Kushner’s business dealings. And because those dealings include so much real estate and investments, the exact amount of the couple’s worth may fluctuate from year to year.