Jared Kushner’s Shady Firm Exposed for the Saudi Scam It Is
It seems as though Donald Trump’s son-in-law has mastered the art of the scam.According to an investigation by the Senate Finance Committee, Jared Kushner’s private equity firm, Affinity Partners, has yet to return even a cent of profit to its foreign investors. The shady firm has received billions from Saudi Arabia, Qatar, the United Arab Emirates, and other foreign governments. In fact, 99 percent of the firm’s approximately $3 billion in funding came from overseas sources, according to a New York Times report that spurred the Senate investigation. Yet Trump’s son-in-law has returned no profit to the governments. All the while, it’s estimated his firm has pocketed an additional $112 million in fees from the governments since 2021, according to the findings. “Affinity’s investors may not be motivated by commercial considerations but rather the opportunity to funnel foreign government money to members of President Trump’s family, namely Jared Kushner and Ivanka Trump,” wrote Senator Ron Wyden, head of the Finance Committee, in a letter to the company this week. Thus far, Kushner and Affinity have made seemingly innocuous investments in companies like Shlomo Group, an Israeli car-leasing company; Zamp, a UAE-backed fast-food company; and Dubizzle Group, a UAE-based classified websites operator. But if Trump were to win in November, Wyden warned, the financial conflict of interest could heighten. As it stands, “sovereign wealth fund investments and prospective real estate deals give foreign governments leverage over the Trump family,” wrote the senator. Further, “a potential future Trump administration will have financial motives to make foreign policy decisions that may be counter to the national interest in order to ensure Kushner and Ivanka Trump continue to collect millions of dollars in fees from foreign governments through Affinity.” Is Kushner failing up? Or is it a masterful political play?
It seems as though Donald Trump’s son-in-law has mastered the art of the scam.
According to an investigation by the Senate Finance Committee, Jared Kushner’s private equity firm, Affinity Partners, has yet to return even a cent of profit to its foreign investors.
The shady firm has received billions from Saudi Arabia, Qatar, the United Arab Emirates, and other foreign governments. In fact, 99 percent of the firm’s approximately $3 billion in funding came from overseas sources, according to a New York Times report that spurred the Senate investigation. Yet Trump’s son-in-law has returned no profit to the governments. All the while, it’s estimated his firm has pocketed an additional $112 million in fees from the governments since 2021, according to the findings.
“Affinity’s investors may not be motivated by commercial considerations but rather the opportunity to funnel foreign government money to members of President Trump’s family, namely Jared Kushner and Ivanka Trump,” wrote Senator Ron Wyden, head of the Finance Committee, in a letter to the company this week.
Thus far, Kushner and Affinity have made seemingly innocuous investments in companies like Shlomo Group, an Israeli car-leasing company; Zamp, a UAE-backed fast-food company; and Dubizzle Group, a UAE-based classified websites operator. But if Trump were to win in November, Wyden warned, the financial conflict of interest could heighten.
As it stands, “sovereign wealth fund investments and prospective real estate deals give foreign governments leverage over the Trump family,” wrote the senator. Further, “a potential future Trump administration will have financial motives to make foreign policy decisions that may be counter to the national interest in order to ensure Kushner and Ivanka Trump continue to collect millions of dollars in fees from foreign governments through Affinity.”
Is Kushner failing up? Or is it a masterful political play?
