Jared Kushner's Has A Massive Net Worth
The ever-elusive Jared Kushner was back in the news Sunday after reports emerged that he had attempted to establish a secret communication channel with Russia back in December. The president’s son-in-law and senior adviser allegedly discussed the possibility with Russian Ambassador Sergey Kislyak, according to a Washington Post report.
Kushner also allegedly had three Russian contacts that he did not disclose, Reuters reported Saturday, citing seven United States officials.
That Kushner has the president’s ear is unquestionable, and his alleged involvement with Russia further complicated the question of the administration’s connection with Russia. As the federal investigation into the campaign’s ties to Russia continued, the Washington Post reported Thursday that Kushner was now part of the investigation’s focus.
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Before entering the administration and the Trump family itself, Kushner was already exorbitantly wealthy. Alongside his brother Josh and his parents, Charles and Seryl, the Kushner family was worth at least $1.8 billion, according to Forbes. The majority of the wealth, an estimated $1.15 billion, came from property investments. Some of the Kushner family’s most profitable real estate assets included 666 Fifth Avenue in New York City and a Brooklyn waterfront property in redevelopment.
Jared Kushner is seen at the Royal Court after President Donald Trump received the Order of Abdulaziz al-Saud medal in Riyadh on May 20, 2017. Photo: Getty Images
The remaining fortune was split between a health insurance venture called Oscar, a startup that Kushner’s brother Josh cofounded, the online website The New York Observer, which Kushner himself purchased in 2006 and other venture capital investments.
According to financial disclosure forms released by the White House, Kushner and wife Ivanka were worth a combined $740 million at the time they held senior roles in the administration. Kushner pledged to divest himself of his common stock and foreign investments when he took a role in the White House in January and resigned from 260 business entities, sold 58 business and put financial holdings into a trust being overseen by his mother, according to ABC News.
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“The president has brought a lot of people into this administration and this White House in particular who have been very blessed and very successful by this country,” Sean Spicer said in April after financial disclosure forms were released. “It speaks volumes to the desire for a lot of these people to fulfill the president’s vision and move the agenda forward that they are willing to list all of their assets, undergo this public scrutiny, but also set aside a lot.”
Indeed, Kushner and Ivanka are among the norm in terms of financials inside the Trump White House. According to the 180 financial disclosure forms of senior officials, chief economic adviser and director of the National Economic Council Gary Cohn had a net worth of up to $611 million, Kellyanne Conway had assets valued at up to $44.2 million and Steve Bannon had assets worth up to $53.8 million.
President Donald Trump and Jared Kushner take part in a bilateral meeting in Rome, Italy, May 24, 2017. Photo: Getty Images
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