Jared Kushner, son-in-law of former President Donald Trump, has seen his fortune grow significantly thanks to his controversial private equity firm, Affinity Partners. With investments from Saudi Arabia, Qatar, and Abu Dhabi, Kushner has raised $2 billion for the firm, helping boost his net worth to at least $900 million. His firm has already made significant investments in various industries, including finance, energy, and real estate projects in Albania and Serbia.
Despite facing criticism and ethics concerns over his ties to foreign governments, Kushner remains focused on growing Affinity and delivering returns to his investors. The firm has already seen some early success with investments in companies like Phoenix Financial and EGYM, which have shown positive returns since receiving funding from Affinity. However, not all investments have been successful, with a Brazilian fast food franchise operator, Zamp, seeing a decline in value since receiving investment.
Kushner’s background in running his family’s real estate business has prepared him for his role in private equity, even though he is relatively new to the industry. He took over as CEO of Kushner Companies in 2008 and expanded the business during his tenure. After leaving the private sector to join the Trump administration in 2017, Kushner has now returned to business with Affinity Partners, leveraging his connections and experience to attract investments from sovereign wealth funds in the Gulf.
As Affinity continues to make investments and build its portfolio, Kushner is confident that the firm will deliver strong returns over time. Despite facing scrutiny from lawmakers and critics over his ties to foreign governments, Kushner maintains that he follows all laws and rules and believes in the business’s potential for success. With the possibility of a Trump victory in future elections, Kushner’s ties to the former president could further boost Affinity’s prospects and influence in the industry.
Kushner’s approach to Affinity is focused on finding mispriced opportunities with strong growth potential, rather than simply slashing costs to turn companies around. He remains optimistic about the firm’s future, even as uncertainties persist in the market and political landscape. As Affinity continues to deploy capital and expand its investments, Kushner is determined to deliver strong returns for his investors and maintain a successful track record in the private equity sector.
Despite the challenges and controversies surrounding his business dealings, Kushner remains committed to growing Affinity and delivering positive outcomes for his investors. With a focus on building ties between investors in the Gulf and opportunities in Israel and other regions, Kushner believes that economic investment can promote peace and stability in the Middle East. As Affinity continues to make investments and build its portfolio, Kushner’s net worth is on track to approach billionaire status, making him a significant player in the private equity industry.
