Ivanka Trump and Jared Kushner won’t trade their $24 million Miami mansion for the White House. Here’s how they made money
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As Donald Trump prepares to return to the White House, one person who won’t be accompanying him this time around is his daughter Ivanka and her husband Jared Kushner. The mainstays of the last Trump presidency are done with politics.
The couple moved to Florida in 2021 and will remain in Miami when Trump Sr. leaves nearby Palm Beach for DC. Speaking on the podcast “The Skinny Confidential”, Ivanka frankly stated that she “hates politics” and the “darkness” that surrounds “that world”.
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The former and soon-to-be first daughter added, “The main reason I’m not going back to serve now is because I know the cost,” she told podcast hosts Lauryn Bosstick and Michael Bosstick. “And that’s a price I’m not willing to make my children pay. My primary goals were simply to be the best fucking mom. Every time I had to miss something, I said, ‘I’m never going to let this happen again as soon as I leave the White House.’ I feel great about this decision.”
Helping her decide to stay put was undoubtedly her $24 million mega-villa on Miami’s Indian Creek Island. She and Jared purchased the six bedroom, 8.5 bathroom complex in April 2021. The property has a private boat dock and beautiful views of Biscayne Bay.
Although Jared Kushner temporarily left the family business to serve as an adviser in the Trump White House in 2016, the Kushners’ real estate empire has thrived, growing the family’s wealth from $1.8 billion in 2016 to $7.1 billion in 2024. So how did they do it?
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The Kushners—Charles Kushner, the head of the family, and his wife, Seryl, own 20% of the real estate company and split the rest among their four children: Jared, Nicole, Josh and Dara—have made some shrewd business moves with their portfolio. In 2018, one of their main properties, 666 Fifth Avenue, became mired in debt. They sold that property, eased their debts and stepped away from riskier investments in New York. Instead, they diversified, buying apartment complexes in New Jersey, Miami and other parts of the South, growing their portfolio to “over 27,000 units in 15 states,” according to CEO Laurent Morali’s statement to Forbes.
