Jared Kushner's Financial Ties Remain a Point of Concern
As President Donald Trump's son-in-law and senior adviser, Jared Kushner was instrumental in shaping the administration's policy on criminal justice reform, Covid-19 vaccine development, and modernizing technology across federal agencies. However, his absence from the limelight during Trump's return to office has led many to question the financial ties that still linger between Kushner and various foreign entities.
Kushner's involvement in brokering a new North American trade agreement and negotiating peace deals in the Middle East has been widely praised, but his potential conflicts of interest remain a point of contention. His investment firm, Affinity Partners, is heavily backed by Saudi Arabia, Qatar, and the United Arab Emirates – three countries critical to the agreements Kushner helped negotiate.
The scale and timing of the Saudi sovereign wealth fund's $2 billion investment in Affinity Partners suggest that it was not driven by market forces, but rather a bet on continued goodwill from a future Trump administration. A subsequent congressional investigation revealed that Kushner's firm had collected $157 million in management fees from foreign clients without generating any profit for its investors.
Despite these concerns, the White House maintains that Kushner's diplomatic work poses no conflict of interest, with press secretary Karoline Leavitt describing his efforts as "noble." However, many critics argue that Kushner is effectively using his relationship with Arab leaders to further his business interests and those of his family.
The latest example of this is the proposed acquisition of Electronic Arts by the Saudi sovereign wealth fund, which will require approval from the Committee on Foreign Investment in the US. While it's unclear whether this deal will face significant scrutiny under the current administration, Kushner's involvement could undoubtedly ease its passage.
As Kushner moves into a behind-the-scenes role in the Middle East, his financial ties remain a source of concern. With little oversight and no formal job in the current administration, he will likely continue to reap the benefits of dominating US policy. The question remains whether Congress will take action to address these concerns or if Kushner's influence will go unchecked.
As President Donald Trump's son-in-law and senior adviser, Jared Kushner was instrumental in shaping the administration's policy on criminal justice reform, Covid-19 vaccine development, and modernizing technology across federal agencies. However, his absence from the limelight during Trump's return to office has led many to question the financial ties that still linger between Kushner and various foreign entities.
Kushner's involvement in brokering a new North American trade agreement and negotiating peace deals in the Middle East has been widely praised, but his potential conflicts of interest remain a point of contention. His investment firm, Affinity Partners, is heavily backed by Saudi Arabia, Qatar, and the United Arab Emirates – three countries critical to the agreements Kushner helped negotiate.
The scale and timing of the Saudi sovereign wealth fund's $2 billion investment in Affinity Partners suggest that it was not driven by market forces, but rather a bet on continued goodwill from a future Trump administration. A subsequent congressional investigation revealed that Kushner's firm had collected $157 million in management fees from foreign clients without generating any profit for its investors.
Despite these concerns, the White House maintains that Kushner's diplomatic work poses no conflict of interest, with press secretary Karoline Leavitt describing his efforts as "noble." However, many critics argue that Kushner is effectively using his relationship with Arab leaders to further his business interests and those of his family.
The latest example of this is the proposed acquisition of Electronic Arts by the Saudi sovereign wealth fund, which will require approval from the Committee on Foreign Investment in the US. While it's unclear whether this deal will face significant scrutiny under the current administration, Kushner's involvement could undoubtedly ease its passage.
As Kushner moves into a behind-the-scenes role in the Middle East, his financial ties remain a source of concern. With little oversight and no formal job in the current administration, he will likely continue to reap the benefits of dominating US policy. The question remains whether Congress will take action to address these concerns or if Kushner's influence will go unchecked.