It Can Only Be Jaaa-red!
Jared Kushner failed to record what is likely a multimillion-dollar art collection that he shares with Ivanka Trump on the couple's government financial disclosures, Artnet reports. Kushner had previously failed to record his stake in the real estate finance startup Cadre, or loans of at least $1 billion from more than 20 lenders to his properties.
One of Kushner's lawyers told Artnet that "Mr. Kushner and Ms. Trump display their art for decorative purposes and have made only a single sale. To avoid any doubt, however, they will report their art collection." Artnet adds, "Ethics experts say that it's not uncommon for administration officials to update financial disclosures with more information."
Kushner and Trump broke with many other administration officials in failing to disclose their art collection, though. Commerce Secretary Wilbur Ross disclosed a collection worth $50 million and Treasury Secretary Steven Mnuchin showed he had a $14.7 million Willem de Kooning painting as an asset.
A post shared by Ivanka Trump (@ivankatrump) on Jun 7, 2015 at 3:21pm PDT
The couple's collection often appears in Ivanka Trump's Instagram photos and includes what Artnet describes as "both blue-chip and emerging artists, including Alex Israel, Dan Colen, Nate Lowman, Alex Da Corte, and David Ostrowski." Read more about the art collection, and how it is potentially used, here.