• Ivanka Trump and Jared Kushner have bought a 1.8-acre lot in Florida for $31.8 million and seem poised to continue their lives of luxury down South
  • While their businesses shrunk slightly during their father's presidency, they still net tens of millions in income annually
  • They have a real estate portfolio worth hundreds of millions of dollars, and managed to snag a further couple million in government money meant for small businesses

Ivanka Trump and Jared Kushner are looking toward the future after their father's presidency, with hundreds of millions of dollars worth of real estate investment including a new residence in Florida. Their businesses have scaled back a bit as their positions under Donald Trump took up time and attention, but records show no shortage of wealth.

The new residence in question is a 1.8-acre plot on Indian Creek Island, reports Page Six. It was one of four previously owned by Julio Iglesias and listed for sale in 2017, now valued at $31.8 million. The fortified area boasts a 13-man police force for just 29 residents, along with a “24/7 armed boat patrol” to keep the riff-raff out of its exclusive country club and golf course, according to its listing. The sale is expected to close Dec. 17.

Senior Advisors to the President Jared Kushner and Ivanka Trump arrive at the White House aboard Marine One on November 29, 2020
Senior Advisors to the President Jared Kushner and Ivanka Trump arrive at the White House aboard Marine One on November 29, 2020 AFP / Alex Edelman

The move would put Ivanka and Jared about an hour away from Donald Trump’s Mar-A-Lago club, which is expected to be his permanent residence after he leaves the White House. It would also place them in the same state as Jared’s brother Joshua and his supermodel wife in Miami.

The news may come as a surprise to Ivanka’s mother Ivana, who told the Hill she expected the couple to return to New York to lead “normal” lives.

Their flight was largely expected, however, by many former friends and acquaintances in Manhattan. Accounts from people like reporter and former friend Lysandra Ohrstrom indicated the pair were no longer welcome in their former social circle.

“I expect Ivanka will find a soft landing in Palm Beach, where casual white supremacy is de rigueur and most misdeeds are forgiven if you have enough money,” she said. “It’s the perfect spot for her to lie low, shielded from the economic and social consequences of the policies she pursued for the past four years, the backlash against them, and from having to interact with her MAGA following.”

Ivanka and Jared's businesses shrunk but did not disappear during their brief stint in public life. The New York Times reports that they made at least $36 million last year, buoyed by practices such as having government functions at Trump-owned properties and pocketing the profits. The range for their annual income could be as high as $157 million.

Their extensive real estate holdings had more or less the same value last year as the year before, holding steady around $785 million. Ivanka stepped down from her positions within the Trump organization and halted her fashion line in 2018 but still reportedly pulled in $5.5 million last year, $4 million of which were dividends from Trump International Hotel in Washington.

Both Ivanka and Jared are well poised to take a bit of a break after Donald Trump leaves office. They managed to net almost $4 million in PPP loans intended for small businesses struggling due to the pandemic, driving up their gains with shell companies that had only one employee or no employees at all. With hundreds of millions in the bank and at least tens of millions of income from Ivanka's father, they're well-positioned to continue their life of luxury further South.