Jared Kushner Business: A Guide to Kushner Companies and Investments

Kushner Companies, founded by Charles Kushner, has been a family business for over 40 years, with Jared Kushner joining the company in the early 2000s.

The company's flagship property, 666 Fifth Avenue in Manhattan, was acquired by Kushner Companies in 2007 for $1.8 billion, but has since struggled with financial issues.

Jared Kushner took over as CEO of Kushner Companies in 2008 after his father was sentenced to prison for tax evasion and witness tampering.

Kushner Companies has been involved in various real estate projects, including the redevelopment of the Jersey City waterfront and the construction of a new skyscraper in Brooklyn.

Kushner Companies is a real estate development firm based in New York City that has been owned and operated by Jared Kushner's family for decades.

The company owns apartments, office and retail spaces, and hotels across the country.

Kushner was CEO of Kushner Companies from age 27 to 36.

He owns a 20% stake in the company, according to Forbes.

Kushner Companies is worth an estimated $2.9 billion, according to Forbes in October.

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Jared Kushner's business dealings have raised eyebrows, particularly regarding his investment in a Saudi Arabian fund. The fund has made $157 million in management fees since 2021, with $87 million coming from the Saudi government alone.

Controversy surrounds the investment due to Kushner's past defense of Saudi Crown Prince Mohammed bin Salman, which has led to an investigation by the House Oversight Committee. Kushner's connections to the Saudi government could potentially influence US foreign policy, especially if Trump gets re-elected.

Kushner's business interests pose a conflict-of-interest problem. As a presidential aide, he's subject to conflict-of-interest rules, but presidents themselves aren't.

The 1967 anti-nepotism statute bars even presidents from hiring family members, which could be a challenge for Kushner. He'd also need to find a way around the law that prohibits federal employees from accepting voluntary services not authorized by law.

Kushner could try to avoid these issues by taking on an informal role, such as an unpaid advisory position. However, even then, he'd need to be careful not to have any direct involvement in his family's business.

Some experts suggest Kushner could become a government contractor to sidestep conflict-of-interest laws. This might allow him to maintain some level of involvement in his business while still serving in the administration.

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Jared Kushner's private equity firm, Affinity Partners, has received significant investments from various countries, including Saudi Arabia, Qatar, and Abu Dhabi.

As of December 2023, Affinity Partners had $3 billion in assets under management, according to a U.S. regulatory disclosure.

The firm primarily depends on Saudi money, with the Saudi government's Public Investment Fund investing $2 billion in Kushner's firm, six months after he left the White House.

Kushner is the sole owner of Affinity Partners, and his share of the firm is worth about $170 million, according to Forbes.

The firm has investments in a range of industries across the U.S., U.K., Israel, Germany, and Brazil.

Here are some key investors in Affinity Partners:

Kushner's firm, Affinity Partners, has also invested in Phoenix Financial, one of Israel's leading insurance companies, with Kushner's firm owning nearly 10% of the company.

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Jared Kushner's business interests are a complex web of investments and partnerships that have raised concerns about conflict of interest.

Kushner could have to cut ties with his family's Kushner Companies real estate business to take an unpaid advisory role in the White House due to conflict-of-interest rules that apply to aides and advisers, not presidents.

Kushner's family co-founded Cadre, a real estate investment company, which could pose additional conflict-of-interest concerns if Kushner were to take on a formal government role.

To avoid these concerns, Kushner might attempt to take on an informal role or become a government contractor.

Kushner's private equity firm, Affinity Partners, received a $2 billion investment from Saudi Arabia's sovereign wealth fund after he left the White House.

The Saudi investment is a significant one, with the fund investing $2 billion in Kushner's firm, six months after he left the White House.

This investment is not the only one Kushner has received; his firm primarily depends on Saudi money, with $2.5 billion under its management as of April 2022.

Kushner has defended his business dealings with Saudi Arabia and its Crown Prince Mohammed bin Salman, calling the Saudi Public Investment Fund one of the most prestigious investors in the world.

Here are some of the key figures and investments involved in Kushner's business dealings:

Jared Kushner has a net worth estimated at around $900 million.

He served as president-elect Trump's senior advisor during his first term.

Kushner is Trump's son-in-law through his marriage to Ivanka Trump.

His estimated net worth includes $150 million in cash, art, other investments, and a stake in the Miami house he shares with Ivanka.

Much of his wealth comes from his family's real estate development company, investments, and his stake in Affinity Partners.