When Donald Trump's Heirs, Don Jr., Eric, and Ivanka Trump Were Compelled to Borrow $22 Million

(Inquisitr) - Donald Trump Jr., Eric Trump, and Ivanka Trump reportedly secured loans exceeding $22 million in the past few years for their luxury real estate ventures in Florida, as uncovered by the Daily Mail. The real estate venture in Florida post-White House, shields their property from any potential seizures which is slated to be a strategic move by them.

Ivanka Trump and Jared Kushner took the lead in loan amounts, borrowing a staggering $15 million for their $24 million property in Miami Beach's exclusive "billionaire bunker." This 1.3-acre expanse, recently renovated, has become their new residence. Meanwhile, Donald Trump Jr. and Kimberly Guilfoyle acquired a $9.7 million home in Jupiter, Florida, with a $4.8 million mortgage. Eric Trump and Lara, his wife, also joined the Florida real estate trend, purchasing a $3.2 million estate with a $2.4 million mortgage from Valley National Bank.

Despite these significant financial transactions, the Trump family reported a wide income range of $172 million to $640 million from external sources upon leaving the White House, as highlighted by the Citizens for Responsibility and Ethics in Washington (CREW). In their final year, while the challenges of the pandemic were going on, the family managed to rake in $24 million.

The New York Post noted a property discount, but discrepancies in Kushner's purchase of "200 feet of beachfront" might explain a $6 million gap, implying lavish spending of $30,000 per square foot.

In an interview with Fox News, former President Donald Trump claimed that it was his decision to keep his daughter Ivanka Trump and son-in-law Jared Kushner out of Washington, stating that it was too painful for the family. Trump asserted that he advised against their return for a potential second term, highlighting the hardships his family had endured.

During the interview with Fox News anchor Bret Baier, Trump was asked if Ivanka and Jared would be part of a hypothetical second administration. He responded, "No, I said, that’s enough for the family. You know why? It’s too painful for the family. Nobody has been through what my family has been through, Ivanka had a really successful line of clothing. I mean, making a fortune. When I did this, she was  really—she closed it up.”

As reported by New York Magazine, Trump’s narrative contradicts the prevailing perception that Ivanka and Jared distanced themselves from his political operations post-presidency.

The couple reportedly leaked a story to the New York Times, announcing their permanent departure from Washington shortly after Trump hastily declared victory on Election Night in 2021. They have since kept a low profile, dodging public appearances with Trump at Mar-a-Lago and restricting indulgence in his political activities.

By Tavishi
May 9, 2024


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