Jared Kushner secured a '$2 BILLION investment from the Saudi wealth fund six months after leaving Trump's White House - despite doubts about his investment experience'
Donald Trump's son-in-law was known primarily for his real estate experience on behalf of his family business before joining the White House in 2017
He reportedly had little-to-no experience in private equity before Affinity Fund
But Affinity Fund's $2 billion investment from the Saudis is double the amount secured by ex-Trump Treasury Secretary Steve Mnuchin's private equity firm
Mnuchin is a seasoned investor and former partner at Goldman Sachs
Kushner was an ally of Saudi Arabia's de facto leader Mohammed bin Salman while he was serving in Trump's White House. MBS heads the wealth fund
MBS could be seeking to pay Kushner back for his help in the Trump administration or currying favor ahead of a potential Trump 2024 bid
By Elizabeth Elkind, Politics Reporter For Dailymail.Com
Published: 12:26 EDT, 11 April 2022 | Updated: 13:17 EDT, 11 April 2022
Jared Kushner secured a $2 billion investment in his private equity firm from Saudi Arabia's state-owned sovereign wealth fund just six months after the end of the Trump administration, a new report claimed on Sunday.
Kushner, Donald Trump's son-in-law and former White House senior adviser, secured the massive deal despite being flagged for its 'inexperience' and 'public relations risks' by a panel of economics experts who screen the wealth fund's investments, the New York Times reports.
During his time in the White House, Kushner was known for his close personal relationship with Saudi Arabia's de facto leader Mohammed bin-Salman and for helping him secure a $110 billion arms deal. He was among the Saudi royal family's staunchest defenders within the administration amid international outrage over its murder of US-based journalist and MBS critic Jamal Khashoggi.
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https://www.dailymail.co.uk/news/article-10708117/Jared-Kushner-got-2B-investment-Saudi-wealth-fund-despite-doubts-new-firm-Report.html