The statement continued: "She fled from communism and embraced this country.
“She taught her children about grit and toughness, compassion and determination. She will be dearly missed by her mother, her three children and ten grandchildren."
Ivana immigrated to Canada in the 1970s and worked as a model before meeting and marrying Donald Trump in 1977.
The former US President also shared a tribute in her honour after news of her passing broke, posting to his social media platform, Truth Social.
"I am very saddened to inform all of those that loved her, of which there are many, that Ivana Trump has passed away at her home in New York City," he wrote.
"She was a wonderful, beautiful, and amazing woman, who led a great and inspirational life.
"Her pride and joy were her three children, Donald Jr, Ivanka, and Eric. She was so proud of them, as we were all so proud of her. Rest In Peace, Ivana!"
The former couple shared three children together and were married for more than a decade, divorcing in 1992.
The split was foreshadowed in 1989 when the spouses were reportedly spotted fighting on a holiday in Colorado after Ivana encountered Donald's mistress Marla Maples.
Their eventual divorce made headlines around the world and Ivana's settlement included $14 million, a 45-room Connecticut mansion, and more according to a 1991 New York Times report.
However the exes appeared to be on good terms in recent years, with Ivana even serving as a friend and advisor to Donald during his presidency.
"We speak before and after the appearances and he asks me what I thought,” she told the New York Post in 2016, adding that she urged her ex husband to be more calm.
"But Donald cannot be calm. He's very outspoken. He just says it as it is."
Ivana's only daughter Ivanka Trump shared a tribute to her mother on Instagram following the news of her death.
Posting a series of childhood photos together, Ivanka honoured the "brilliant, charming, passionate" woman who raised her.
"Heartbroken by the passing of my mother. Mom was brilliant, charming, passionate and wickedly funny. She modeled strength, tenacity and determination in her every action," she penned.
"She lived life to the fullest — never forgoing an opportunity to laugh and dance. I will miss her forever and will keep her memory alive in our hearts always."