Trump’s son-in-law Kushner tries to raise capital for his investment company turning to the Middle East
Trump’s son-in-law, Jared Kushner, is reportedly trying to raise capital for his investment firm by turning to leaders in the Middle East after negotiating several treaties in the region while he worked in the White House
- According to The New York Times, Kushner has reached out to leaders in Saudi Arabia, Qatar, the UAE and other Persian Gulf states
- President Trump’s Former Senior Advisor Is Trying To Get Support For His New Investment Firm, Affinity Partners
- The former director of the Office of American Innovation has reportedly not been entirely successful in his efforts
- Rulers in both Qatar and UAE have refused to invest in Affinity, The Times reported
- However, Kushner has reportedly found interest from Saudi Arabia and the kingdom’s $450 billion public investment fund
Jared Kushner, the son-in-law of former President Trump, has reportedly reached out to some of the connections he made during his father-in-law’s administration for investments in a new company.
According to The New York Times, Kushner has approached leaders in Saudi Arabia, Qatar, the United Arab Emirates and other Persian Gulf countries to seek support for Affinity Partners, Kushner’s new company.
The former director of the Office of American Innovation and senior adviser to his wife’s father, Donald Trump, has reportedly been unsuccessful in his efforts to raise “in the low billions of dollars” early next year. Times said.
Rulers in both Qatar and the UAE have reportedly refused to invest in Affinity. However, Kushner is said to have found interest from Saudi Arabia and the kingdom’s $450 billion public investment fund.
The Times reported that the Saudi PIF is currently negotiating with Kushner on a “significant investment.”
Jared Kushner (pictured right), son-in-law and former senior adviser to ex-President Donald Trump, tries to arrange Middle East investments in a new company
Kushner worked extensively in the Middle East and has interests in the Saudi Arabia’s Public Investment Fund company, run by Crown Prince Mohammed bin Salman (pictured right)
Kushner was instrumental in organizing Trump’s first international state visit to Saudi Arabia in 2017
Kushner was supportive of the Emiratis in their feud with the Qataris during his time in the White House.
Although the UAE sees Kushner as an ally, they reportedly questioned his past business acumen, which is largely limited to the time he spent running his family’s real estate business.
Kushner befriended Saudi Arabian Crown Prince Mohammed bin Salman and defended the head of state after US intelligence determined he had ordered the murder of Washington Post columnist Jamal Khashoggi for criticizing the royal family.
He also insisted that Trump make his first international visit to Riyadh in 2017.
Ethics experts question Kushner’s attempt to raise money from officials he dealt with on behalf of the administration, especially the specter of Trump running for president again in 2024.
“When former White House officials start to cash in on their time in our administration by associating with monarchs, the stomach turns a little. Is it illegal? No,” said Nick Penniman, the founder and chief executive of good government attorneys Issue One. ‘Is it swampy and seemingly hypocritical? Yes.’
The Times reports that the Saudi PIF is currently negotiating with Kushner on a “significant investment.”
Former Treasury Secretary Steve Mnuchin (pictured left) has also sought support from the Middle East since leaving the White House
Kushner, seen here with his wife Ivanka, President Trump, First Lady Melania and Rabbi Shmuel Rabinovitch, was deeply involved in Middle East policy during the Trump administration
Kushner’s signature achievement during the Trump administration was the Abraham Accords, which opened diplomatic relations between Israel and several Arab states.
Kushner’s signature work in the Middle East under his father-in-law was the Abraham Accords, a series of treaties that opened diplomatic relations between Israel and several Arab states.
The former senior adviser has moved to Miami with wife Ivanka and their children since leaving the White House.
Kushner has indicated that he does not want to return to politics, but has tried to expand his work in the Middle East by founding a nonprofit organization, the Abraham Accords Institute for Peace.
He launched Affinity in Miami in recent months and hopes to do heavy work in the Middle East, with a focus on building relations between the Israelis and Saudis.
Kushner has started with headcount and as CEO will look for investments from the United States in the coming months.