Ivanka Trump is a household name, thanks to her high-profile involvement in her father’s administration and her successful business ventures. While much of her life has been lived in the public eye, there are still some financial secrets that are worth exploring. From her spending habits to her investments and net worth, here are five financial secrets of Ivanka Trump.
She Spends Money on Quality
Ivanka Trump is known for her impeccable fashion sense and polished appearance, and it’s no surprise that she spends money on quality pieces. However, she doesn’t just splurge on designer clothing and accessories. In an interview with Refinery29, she revealed that she also invests in quality furniture, stating, “I’d rather have a nice couch than a huge one.”
She has also been known to prioritize quality when it comes to her children’s clothing. In an interview with Vogue, she shared that she often shops at Bonpoint for her daughter’s clothes, stating, “It’s incredibly chic, and everything is heirloom quality, so I’m able to save the pieces.”
While her spending habits may seem lavish to some, it’s clear that Ivanka values quality over quantity.
She Has Made Smart Investments
Ivanka Trump’s net worth is estimated to be around $800 million, and much of that wealth can be attributed to her smart investments. She co-founded Trump Hotels & Resorts with her brothers in 2007, which has since grown into a global brand. She has also invested in real estate, including the purchase of a $16 million penthouse in Manhattan.
In addition, she has made strategic investments in tech startups and has taken on advisory roles for companies such as 23andMe and G-III Apparel Group. Her business acumen and willingness to take risks have undoubtedly contributed to her financial success.
When her father became the President of the United States, Ivanka had to put some of her business dealings to the side. “I would argue that if I had not come to Washington, DC, and if I was in New York growing my business, I would be doing far better than by placing the restrictions that I have placed on my team, and ensuring that any growth is done with extreme caution,” she said.
“So just practically speaking, if my interest was making money or growing my business, I would do far better to completely disengage and do exactly that.”
She Prioritizes Education
Education has always been important to Ivanka Trump, and it’s clear that she has invested in her own education as well as her children’s. She graduated from the Wharton School at the University of Pennsylvania, one of the top business schools in the country.
In addition, she has enrolled her children in elite private schools, including the prestigious Chapin School in New York City. While private school tuition can be expensive, Ivanka has stated that education is a top priority for her family.
She Is Involved in Philanthropy
Ivanka Trump is involved in various philanthropic efforts, which not only benefit important causes but also provide tax benefits. She has donated to organizations such as the National Urban League and the United Nations Foundation and has partnered with organizations such as Habitat for Humanity and Girls Who Code.
In addition, she has launched her own initiative, the Ivanka M. Trump Charitable Fund, which supports women’s entrepreneurship and economic empowerment initiatives. By giving back, Ivanka not only makes a positive impact on society but also potentially reduces her tax bill.
She Keeps Her Personal Life Private
One of the biggest financial secrets of Ivanka Trump is how she maintains such a high net worth while keeping her personal life private. While she has occasionally shared glimpses of her life on social media, she generally keeps her personal life out of the public eye. This includes her personal finances, which are largely unknown.
While there have been rumors about her financial dealings, such as her involvement in a deal to sell a $1.5 billion stake in a real estate company, much of her personal financial information remains confidential.