Saudi Funds and Fantastic Deals. How Trump's Son-in-Law Jared Kushner Earns Hundreds of Millions of Dollars
US President Donald Trump's son-in-law, Jared Kushner, has significantly increased his wealth in recent years: his capital is estimated at approximately one billion dollars. The key asset is his investment company Affinity Partners, which attracts funds from Trump's own allies, writes BILD.
Jared Kushner. Photo: AP Photo / Mark Schiefelbein
According to Frankfurter Allgemeine Zeitung, in 2021, the Saudi state fund PIF invested $2 billion in Kushner's structure, despite the fund's investment committee calling the company "inexperienced," criticizing "excessive" commissions, and rating it as "unsatisfactory in all parameters." The decision was pushed through by Crown Prince Mohammed bin Salman.
For managing Saudi money, Affinity Partners receives 1.25% annually, which is about $25 million per year from this investment alone. State entities from Abu Dhabi and Qatar also directed funds to the fund.
Kushner himself called the Saudi prince his "friend," and regarding accusations of a conflict of interest, he replied in an interview with the Financial Times that "that shouldn't stop me."
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