An American investor and businessman Jared Corey Kushner. His father-in-law, the 45th President of the United States, and his mentor, Donald Trump, were one of his clients. In the years after leaving the White House, Kushner established Affinity Partners, a private equity business that relies heavily on investments from the Saudi government’s sovereign wealth fund.
Kushner vigorously advocated for the First Step Act, a criminal justice reform package that Trump signed into law in 2018, while serving as the president’s top counselor. The Trump peace plan for the Israeli-Palestinian conflict, which was unveiled in January 2020 and was widely seen to be very favorable to Israel, was written by Kushner.
Kushner was the main representative of the Trump administration in discussions on the Middle East Peace Process, which resulted in the signature of the Abraham Accords and other agreements for normalization between Israel and other Arab states in 2020. Kushner advised Trump early on in the epidemic that the media was misrepresenting its threat, which had a significant impact on the Trump administration’s COVID-19 reaction. He was a key mediator in the US-Mexico-Canada accord, and the Mexican government honored him as a result.
Political Career
Kushner has supported the Democratic Party for a very long time. However, he claimed that he was dissatisfied with the previous government of US President Barack Obama, thus he switched to backing the Republicans in 2012.
He directed the online effort for Donald Trump’s presidential campaign. He became one of Trump’s most dependable advisers after the election. He departed The New York Observer in 2017 to work as Trump’s top counselor.
He founded Affinity Partners to reenter the corporate world after leaving the White House. International investors have contributed $3 billion to the private equity firm. A 2020 Netflix documentary named “Dirty Money” Slumlord Millionaire featured his entrepreneurial endeavors.
Business Career
Jared Kushner assumed the position of vice president of a part of their family’s real estate conglomerate, Kushner Companies when his father was sentenced to prison in 2005. He concentrated his efforts on the New York market.
purchased the respected weekly newsletter The New York Observer for $10 million in 2006. He has since been credited with expanding the Observer Media Group’s web presence.
He was elevated to the position of CEO of Kushner Companies in 2008, but the financial crisis that year was very difficult for him. Over the following several years, he steadily healed. He co-founded RealCadre LLC, a real estate investment platform, in 2014.
Kushner Companies:
The Kushner Companies, run by Jared’s family, owns and manages real estate holdings worth almost $7 billion across the nation. Jared directly managed the acquisition of the average-sized office building at 666 Fifth Avenue in New York City in 2007. He overpaid by $1.8 billion at an “unconventional” price in an effort to close the purchase in the face of opposition from other investors.
He only contributed $50 million in stock, therefore he was obliged to take out loans for the rest of $1.75 billion. These lenders required Jared to increase the building’s rental income by twofold in order to maintain a reasonable loan-to-value ratio (LTV). When Jared was only 26 years old and had just taken over the family firm, he handled this transaction. Because of his father’s conviction on allegations of tax evasion, witness tampering, and other felonies, he took on a leadership position inside the business.
Jared assumed charge and handled numerous new initiatives when Charles Kushner was imprisoned by the federal government in 2005, including the acquisition of 666 Fifth Avenue. Within the first ten years of running the company, Jared oversaw the spending of almost $7 billion on real estate acquisitions, including the purchase that was a part of a far larger expansion into New York City.
The structure turned out to be a huge problem, and Kushner Cos. lost $90 million on its investment during the real estate meltdown of 2008. Jared started to sell off ownership interests in the building with his father’s support. Jared helped arrange a $1 billion rescue with Brookfield Asset Management (a corporation run by the Qatari government) in 2017 after selling his own ownership position in the company.
It was revealed in 2019 that Kushner Cos. had just paid $1.15 billion for a portfolio of apartments. The rental properties were the biggest acquisition for Kushner Companies in over a decade.
What is Jared Kushner’s Net Worth in 2022?
| Net Worth: | $800 Million |
| Date of Birth: | Jan 10, 1981 (41 years old) |
| Gender: | Male |
| Profession: | Businessperson, Media proprietor |
| Nationality: | United States of America |
American real estate entrepreneur Jared Kushner has an estimated net worth of $800 million. Jared Kushner is well-known for his association with the Trump administration and his marriage to Ivanka Trump. Before Trump’s victory in the election, Jared was well-known in the real estate industry.
Personal Life & Family:
Jared Kushner and Ivanka Trump got married in 2009. Ivanka became a Jew after their Jewish wedding. They’ve been together for a while and have produced three offspring in that time.
Real Estate:
According to a 2018 New York Times report, Jared disclosed $372 million worth of real estate holdings that he personally held as of 2016.
Ivanka Trump and her husband Jared Kushner reportedly spent $15,000 a month for a 7,000-square-foot condo in Washington, DC, in 2019.
It was reported in December 2020 that Jared and Ivanka bought $30 million for 1.8 acres of undeveloped land on Miami’s exclusive Indian Creek private island. Julio Iglesias, a Latin pop singer, was the pitchman. The land parcel was acquired by Julio in two separate deals. First, he had lived in the same mansion on the same plot of land for decades. He bought the adjacent property in 2008 for $15.2 million and demolished the home, creating a roughly 2-acre empty oceanfront plot.
