Jared Kushner and Ivanka Trump have released new financial disclosures, including more than 70 assets “inadvertently omitted” from Kushner’s initial filings. Among them is Kushner and Ivanka Trump’s contemporary art collection, valued somewhere between $5 million and $25 million.
Ivanka Trump frequently takes pictures of herself and her family posing in front of artwork that lines the walls of their $4 million condo on Park Avenue in New York.
As previously reported by artnet News, Kushner and Ivanka Trump maintain that their art is for “personal enjoyment,” not for investment purposes, for which a disclosure form is not required under federal law. An attorney who helped Kushner and Trump prepare the disclosure documents said the art was included on the updated form out of an abundance of caution, according to CNN.
Apart from this America’s most famous couple, in the past two decades, many successful enterprises & power figures in the world are relating themselves with Art. Among them are famous families such as the Rockefeller family, the Ross Charles family; luxury groups and big corporations such as BMW, Alibaba Group, Mercedes-Benz, MontBlanc, LVMH, Gucci, Prada, Swatch, Martell, Hugo Boss, Cartier, IBM, Samsung. A large number of financial institutions such as the Swiss bank, Deutsche Bank, Citibank are also actively encroaching on art sponsorship and collection.
According to the Washington’s Post, the couple controls assets worth at least $139 million, plus at least $66 million in assets connected to Ivanka Trump’s fashion brand, the Trump International Hotel Washington, DC, and other real estate holdings. The disclosure estimates that their collective business holdings and investments could be worth more than $762 million in total.
*extracted from artnet.com. Images courtesy of the internet.