Ivanka Trump And Jared Kushner Won't Trade Their $24 Million Miami Mansion For The White House. Here's How They Made Their Money

As Donald Trump prepares to return to the White House, one person who won’t accompany him this time is his daughter Ivanka and her husband, Jared Kushner. The mainstays of the last Trump presidency are done with politics. 

The couple relocated to Florida in 2021 and will stay in Miami when Trump Sr. leaves Palm Beach nearby for DC. Speaking on the “The Skinny Confidential” podcast, Ivanka candidly stated that she “hates politics” and the “darkness” surrounding “that world.”

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A New Home And A New Life

Added the former and soon-to-be-first daughter: “The main reason I am not going back to serve now is, I know the cost,” she told podcast hosts Lauryn Bosstick and Michael Bosstick. “And it’s a price that I’m not willing to make my kids bear. My primary goals were just to, like, be the best freaking mom. Every time I had to miss something, I’m like, ‘I will never let this happen again in the minute I leave the White House.’ I feel super great about this decision.”

Helping her decide to stay put was undoubtedly her $24 million megamansion on Miami’s Indian Creek Island. She and Jared purchased the six-bedroom, 8.5-bathroom compound in April 2021. The property has a private boat dock and striking views of Biscayne Bay.

The Kushners Exploded Their Wealth By Divesting Debt-Ridden Glamor Properties

Although Jared Kushner temporarily left the family business to serve as an advisor to Trump’s White House in 2016, the Kushners’ real estate empire has been thriving, 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 firm, with the rest split among their four children: Jared, Nicole, Josh and Dara – made some astute business moves with their portfolio. In 2018, one of their main holdings, 666 Fifth Avenue, was mired in debt. They sold that property, alleviating themselves of debt and stepping away from riskier New York-based investments. Instead, they diversified, buying apartment complexes in New Jersey, Miami and other parts of the South, swelling their portfolio to “over 27,000 units in 15 states,” according to a statement by CEO Laurent Morali to Forbes. 

Seizing The Need For Affordable Housing

The Kushners hitched their business wagon to a sorely needed commodity: affordable housing, focusing on areas of the country with booming populations, such as the Sunbelt. While their portfolio might not contain the glamorous New York properties it once did, these days, it comprises solidly performing apartment buildings that produce substantial cash flow. The Kushner family is now worth an estimated $7.1 billion. 

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Jared’s net worth has soared thanks to his controversial, Saudi-backed private equity firm Affinity Partners, which he set up in the Miami suburb of Sunny Isles Beach in January 2021, the same month his father-in-law left the White House and settled at Mar-a-Lago. According to Forbes,

“Jared Kushner has raised $2 billion from Saudi Arabia’s $925 billion sovereign wealth fund and more than $400 million in investments from wealth funds in Qatar and Abu Dhabi. Roughly $600 million in additional funds came from an unnamed investor and Taiwanese billionaire Terry Gou, whose Foxconn makes the majority of the world’s iPhones.”

Despite this, Forbes notes that Jared's brother Josh is the wealthiest, thanks to his successful investments in tech startups like Instagram and OpenAI.

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