President Trump’s son-in-law Jared Kushner appears to have increased his credit line debts by millions of dollars since joining the White House, newly released financial disclosure forms show. The revelations were made in financial disclosure forms filed by Kushner’s wife, and First Daughter, Ivanka Trump. The forms show that in three separate lines of credit, the outstanding debts of each one rose to a range of $5 million to $25 million.
The lines of credit are extended by three banks: Bank of America, New York Community Bank and Signature Bank. Previous versions of Kushner’s and Trump’s disclosure forms (made public in July) had those debts valued at $1 million to $5 million each. The changes mean that the couple’s combined debts have increased from a range of between $19 million and $98 million to between $31 million and $155 million. The forms report the values of assets and liabilities in broad ranges.
The increases in debts, according to the dates of filings, took place between March, when Kushner’s form was first submitted, and June, when Ivanka Trump’s were. It’s possible that the amounts and ranges have changed since then.
The credit lines are joint accounts. The ones from Bank of America and New York Community Bank are held by Kushner and his father, Charles, and the one from Signature Bank is held by Kushner and his mother Seryl. The Kushner family’s considerable real estate empire has been facing some financial trouble in recent years. Many of the problems, it’s been reported, stem from the Kushner’s decision to purchase the 666 Fifth Avenue building in Manhattan in 2007 for $1.8 billion.