Alghadeer TV Alghadeer TV
Former US President Donald Trump’s son-in-law, Jared Kushner’s private equity firm, Affinity Partners, has received $200 million from a UAE wealth fund, and a similar amount from a Qatari entity.
The New York Times reported on Friday that Kushner received hundreds of millions from the two Persian Gulf Arab countries for his firm.
According to people with knowledge of the matter, the two Arab states joined Saudi Arabia in backing the venture launched by Kushner as he left the White House.
The oil and gas-rich Persian Gulf monarchies’ payments to Kushner reflect the continued efforts by Trump’s close allies and relatives to cash in from the close ties they built with the wealthy Arab states during his presidency and the desire of leaders in the region to remain on good terms with Kushner as his father-in-law seeks the presidency again.
The Times reported that two sources with knowledge about the transactions said the Emiratis invested more than $200 million with Kushner’s firm, Affinity Partners.
According to the two people with knowledge of that deal, a Qatari entity invested a similar sum with the firm.
The money given by the UAE came through a sovereign wealth fund, but the identity of the Qatari investor is unclear.
However, top Emirati officials are also said to have close ties with Kushner, which were forged during the Trump administration.
In 2018, during the Trump presidency, a Qatar-linked company helped bail out Kushner’s infamous debt-ridden building in midtown Manhattan, 666 Fifth Avenue.
US top-ranking officials and politicians from both parties often benefit financially from deals abroad after leaving government service, particularly in West Asia.
Despite few laws or ethics guidelines prohibiting Americans from profiting from the wealth of the Arab countries, the sheer enormity and timing of the investments in Kushner’s firm have raised eyebrows in Washington.
