Jim Watson / AFP via Getty Images
Jared Kushner and his wife, Ivanka Trump, in Florida in November.Key Takeaways
-
Jared Kushner is a businessman, former White House official, and founder of the private equity firm, Affinity Partners.
-
Kushner is also president-elect Donald Trump's son-in-law through his marriage to Ivanka Trump.
-
Kushner has an estimated net worth of $900 million, according to Forbes.
Businessman Jared Kushner, a former White House official and founder of private equity firm Affinity Partners, has a net worth estimated at around $900 million.
Kushner, who served as president-elect Trump's senior advisor during his first term, is Trump's son-in-law through his marriage to Ivanka Trump. (The Forbes estimate does not include her wealth.) His estimated net worth includes $150 million in cash, art, other investments, and a stake in the Miami house he shares with Ivanka, per Forbes.
Much of his wealth comes from his family's real estate development company, investments, and his stake in Affinity Partners. Here's a closer look at his millions.
Kushner Companies
The bulk of Kushner's wealth comes from Kushner Companies—a real estate development firm his family has owned and operated for decades. Based in New York City, the company owns apartments, office and retail spaces, and hotels across the country.
Kushner was CEO of Kushner Companies from age 27 to 36, and owns a 20% stake in the company, according to Forbes. Forbes in October estimated that Kushner Companies is worth $2.9 billion.
Affinity Partners
Kushner founded his private equity firm, Affinity Partners, in 2021. Kushner is the sole owner of Affinity Parters, and his share of the firm is worth about $170 million, according to Forbes.
Affinity Partners has investments from Saudi, Qatar and Abu Dhabi, with Saudi crown prince Mohammed Bin Salman investing $2 billion in the firm when it started. Kushner got a $2 billion investment from Saudi Arabia's sovereign wealth fund for Affinity Partners, along with investments from wealth funds in Qatar and Abu Dhabi, according to The New York Times.
The firm is invested in a range of industries across the U.S., U.K., Israel, Germany, and Brazil. Affinity had $3 billion in assets under management as of December 2023, according to a U.S. regulatory disclosure.
Other Investments
While the current extent of Kushner's investments couldn't be determined, his 2021 disclosure forms indicated millions of dollars in investments such as real estate and ETFs.
Read the original article on Investopedia