Fascinating Facts About How Ivanka Trump Really Makes Her Money
As a child of President Donald Trump, Ivanka Trump was born into wealth. But as you probably know, the first daughter established a career of her own before heading to Washington as an adviser to her father in 2017. She has a net worth of $300 million, reports say.
Ivanka’s business dealings have stirred up controversy more than once. For instance, while she’s in the White House, her assets are in a trust and others manage her Ivanka Trump brand; while this may help avoid conflicts of interest, she’s still earning money from both her brand and the Trump Organization, reports say. Here we’ll look at ways Ivanka has earned money and gained wealth over the years.
1. Ivanka Trump Lifestyle Collection
- Amount she earned from Jan. 1, 2016 to May 31, 2017: at least $13.5 million
In 2011, Ivanka launched her fashion line of clothes, shoes, handbags, and accessories. These are sold at Macy’s and Hudson’s Bay. Nordstrom and Neiman Marcus, however, yanked the brand from their stores in February 2017, citing “poor performance.” The first daughter opened a standalone store in December 2017 in the lobby of Trump Tower in New York.
Critics have scrutinized the brand for its overseas manufacturing practices, at a time when the president promoted his “Buy American, hire American” slogan. In 2017, presidential advisor Kellyanne Conway caused a controversy by recommending Ivanka’s clothing on Fox & Friends. “Go buy Ivanka’s stuff,” she told co-host Steve Doocy.
Next: A now-defunct line
2. Ivanka Trump Fine Jewelry
- Cost of the most expensive piece: $19,000
Ivanka’s fine jewelry line launched in 2007 and included diamond and gold pieces. On the lower end, you could find a rose gold ring for $940, while on the pricier end, a woven diamond necklace could set you back $19,000. Ads featured black-and-white photos of Ivanka modeling the jewelry, which sold at her flagship retail store.
However, in March 2017, Abigail Klem, who manages Ivanka’s lifestyle brand, announced the fine jewelry line would be discontinued. Instead, the company would focus on lower-end, costume jewelry, she said.
Next: This Trump-branded item keeps selling
3. Ivanka Trump Perfume
- Price of a 3.4-ounce bottle on Amazon: $45
After the president’s inauguration in 2017, Ivanka’s products suffered when some stores stopped selling them. However, her fragrance remained a hit. For a stretch in 2017, it was a best-seller on Amazon in women’s eau de parfum. It currently has a 4.5-star rating on the site.
The fragrance is described as an “alluring and feminine floral Oriental” scent that is a “symbol of grace and beauty.”
Next: She’s still profiting from this empire.
4. The Trump Organization
- Amount she’s expected to earn per year: $1.5 million
The Trump Organization is a collective name for around 500 business entities for which Donald Trump is the sole or principal owner. Ivanka’s role was Executive Vice President. “Ivanka was always a natural-born dealmaker,” Donald said. “But she’s become a very good builder and manager.”
Upon his inauguration, the president and Ivanka resigned from all roles within the organization to prevent conflicts of interest. Although she no longer works for the organization, Ivanka is still expected to earn $1.5 million a year from the real estate empire.
Next: How she profited from giving advice
- Advance she received from the publisher: $787,500
Ivanka wrote Women Who Work while her father was running for president. In it, she advises women on career moves, and she advocates for working women’s rights. She received a $787,500 advance from the publisher, and the book debuted as a bestseller in spring of 2017. While it sold 31,900 copies by the end of the year, Forbes reported the publisher likely lost at least $200,000 on the book.
The first daughter also wrote The Trump Card: Playing to Win in Work and Life in 2009. It also reads as advice for women on how to achieve career success, based on her learnings from her father and her own experiences.
Next: Her design team branched out.
6. Trump Home furniture line
- Cost of a higher-end sofa: $24,700
While it’s unclear how much Ivanka has personally profited from the Trump Home line of furnishings, her design team worked to create new pieces for the collection in October 2015. High-end items include a metallic silver leather sofa for $24,700.
In 2015, Trump Home Galleries opened in Abu Dhabi and Dubai in the United Arab Emirates. Sears and Kmart were reportedly selling the furnishings directly on their websites, but now their sites only offer items from the collection sold by third-party sellers.
Next: An opulent D.C. hotel
7. Ivanka Opo Hotel Manager, LLC
- A stay at the 6,300-square-foot suite at Trump International Hotel: $500,000
Ivanka retains an interest in Ivanka Opo Hotel Manager LLC, which includes the Trump International Hotel in Washington D.C. and the Ivanka Trump-branded spa in the hotel. The first daughter spearheaded the project before joining the White House. The hotel is a popular meeting place for Republican and conservative groups, reports say. Her financial disclosure form does not indicate how much she receives from the hotel.
Next: She appeared on Saturday Night Live.
8. TV appearances
- Amount earned: Under $1,000
In public records released in July 2017, Ivanka was paid modest residuals for appearing on Saturday Night Live and Late Night with Jimmy Fallon. Together, the two gigs made her just $1,000 or less in income.
Check out The Cheat Sheet on Facebook!