Jared Kushner Says $1.5Bn From Qatar, UAE Came 'Irrespective' of Trump Win

Source: Newsweek

Published Dec 22, 2024 at 5:40 PM EST Updated Dec 22, 2024 at 5:44 PM EST


What's New

Jared Kushner, President-elect Donald Trump's son-in-law, said during a podcast appearance Friday that the $1.5 billion in capital raised from Qatar and the United Arab Emirates (UAE) for his investment firm, Affinity Partners, came "irrespective" of Trump's election victory. Newsweek has filled out a contact request form with Affinity Partners for comment on Sunday.

Why It Matters

Kushner, who is married to Trump's eldest daughter, Ivanka Trump, served as a senior adviser to Trump during his first term, focusing on Middle East policy.

Some Democrats have criticized Kushner over Middle Eastern investments in his firm Affinity Partners, including a $2 billion deal with a Saudi fund led by Crown Prince Mohammed bin Salman made six months after Kushner left the White House in 2021. Other accusations include that Kushner has lobbied on behalf of the prince after the Saudi Public Investment Fund paid $87 million to Affinity Partners since June 2021. The crown prince and Trump shared close personal and political ties.

Kushner is not expected to take a similar role in the incoming administration, and said during a Friday episode of Invest Like The Best with Patrick O'Shaughnessy he and his firm "preemptively tried to avoid any conflict so we don't have to raise capital for the next four years."

Read more: https://www.newsweek.com/jared-kushner-says-15bn-qatar-uae-came-irrespective-trump-win-2004895