Tuesday, May 30, 2017

Jared Kushner - Wikipedia

Jared Corey Kushner (born January 10, 1981) is an American real estate investor and developer, newspaper owner, and senior advisor to President Donald ...

Charles Kushner

Charles Kushner (born May 16, 1954) is an American real ...

Senior Advisor to the President

Senior Advisor to the President is a title used by high-ranking ...

Jared Kushner

From Wikipedia, the free encyclopedia
Jared Kushner
Jared Kushner cropped.jpg

Assistant to the President and Senior Advisor
Assumed office
January 20, 2017
President Donald Trump
Preceded by
Director of the Office of American Innovation
Assumed office
March 27, 2017
President Donald Trump
Preceded by Office established
Personal details
Born Jared Corey Kushner
January 10, 1981 (age 36)
Livingston, New Jersey, U.S.
Political party Democratic[1]
Spouse(s) Ivanka Trump (m. 2009)
Children 3
Relatives Charles Kushner (father)
Joshua Kushner (brother)
Murray Kushner (uncle)
Education Harvard University (AB)
New York University (JD, MBA)
Religion Judaism
Jared Corey Kushner (born January 10, 1981) is an American real estate investor and developer, newspaper owner, and senior advisor to President Donald Trump.
Kushner is the elder son of real-estate developer Charles Kushner and is married to Trump's daughter Ivanka. He was principal owner of the real-estate holding and development company Kushner Companies and of Observer Media, publisher of the New York Observer. He is the co-founder and part owner of Cadre, an online real-estate investment platform.[2][3]
On January 9, 2017, Kushner was named as a senior White House advisor. He consequently resigned as CEO of Kushner Companies and as publisher of the Observer,[4] but his private financial interests remain a subject of controversy.[5] Kushner helped develop and run Trump's digital media strategy.


Family history, early life and education

Kushner was born in Livingston, New Jersey,[6] to Seryl Kushner (née Stadtmauer) and Charles Kushner, a real-estate developer.[7] His paternal grandparents, Rae and Joseph Kushner, were Holocaust survivors who came to the U.S. in 1949 from Navahrudak, Belarus (then USSR).[8][9]
Kushner has a younger brother, Joshua, and two sisters, Nicole and Dara. He is a nephew of Murray Kushner, the owner of Kushner Real Estate Group.
Kushner was raised in a Modern Orthodox Jewish family.[10] He graduated from the Frisch School, a coed yeshiva high school, in 1999. According to a spokeswoman for Kushner Companies, he was an honors student and a member of the debate, hockey, and basketball teams.[11] Former school officials described him as a less than stellar student.[12] In 1998 Charles pledged $2.5 million to Harvard University.[13]
Kushner matriculated at Harvard College in 1999. He lived in Kirkland House, was elected into the Fly Club, and bought and sold real estate in Somerville, Massachusetts, as a vice president of Somerville Building Associates (a division of Kushner Companies). His uncle, Kushner Companies partner Richard Stadtmauer, was also a vice president; the venture was dissolved in 2005 after returning a profit of $20 million.[14][15] Kushner graduated from Harvard in 2003 with a Bachelor of Arts degree in government.[13][16]
In 2004 Charles Kushner was arrested on charges of tax evasion, illegal campaign donations, and witness tampering. He was prosecuted by then U.S. Attorney Chris Christie,[17] convicted, and sentenced to two years in prison.[18] In 2006 Stadtmauer was indicted on lesser counts, also by Christie; he received a three-year sentence.[19][20]
In 2007, Kushner graduated from New York University, where he earned a JD and an MBA. He interned at Manhattan District Attorney Robert Morgenthau's office and Paul, Weiss, Rifkind, Wharton & Garrison LLP.[21]
Kushner married Ivanka Trump, daughter of businessman and U.S. president Donald Trump, in a Jewish ceremony on October 25, 2009.[22][23] They are Modern Orthodox Jews, keep a kosher home, and observe the Jewish Sabbath.[24][25][26] Jared and Ivanka have three children, a girl and two boys.[27] In 2017 federal disclosures suggested Kushner and his wife had assets worth at least $740 million.[28][29][not in citation given]

Business career

Real estate

Kushner is a real estate investor, and has increased the Kushner Companies' presence in the New York City real estate market as a principal in his family's real estate company.[30]
Kushner Companies purchased 666 Fifth Avenue in 2007 for $1.8 billion, the most expensive single property purchase in US history at the time.[31]
Kushner Companies purchased the office building at the 666 Fifth Avenue in 2007, for a then-record price of $1.8 billion, most of it borrowed.[31] Jared assumed the role of CEO of Kushner Companies in 2008.[17] Following the property crash that year, the cash flow generated by the property was insufficient to cover its debt service, and the Kushners were forced to sell the retail portion in the building to Stanley Chera for more than $1 billion[32][not in citation given] and bring in Vornado Realty Trust as a 50% equity partner in the ownership of the building.[33] By that time, Kushner Companies had lost more than $90 million on its investment.[34]
On August 18, 2014, Kushner acquired a three-building apartment portfolio in Middle River, Maryland, for $37.9 million with Aion Partners. In 2013–14, he and his company acquired more than 11,000 units throughout New York, New Jersey, and the Baltimore area.[35] In May 2015, he purchased 50.1% of the Times Square Building from Africa Israel Investments Ltd. for $295 million.[36]
In May 2015, Kushner purchased a majority stake of One Times Square for $295 million.[36]
In 2014, Kushner, with his brother Joshua and Ryan Williams, co-founded Cadre (now RealCadre LLC), an online real-estate investment platform. His business partners included Goldman Sachs and billionaire George Soros, a top Democratic Party donor.[2][5][37] In early 2015, Soros Fund Management financed the startup with a $250 million credit line.[2][38] Kushner did not identify these business relationships in his January 2017 government financial-disclosure form.[2][3]
In 2015, Kushner scored spot No. 25 on Fortune's "40 Under 40" list ranking the most influential young people in business.[39]

Newspaper publishing

Kushner and Peter W. Kaplan in September 2008
At age 25, Kushner purchased the New York Observer, a weekly New York City newspaper, for $10 million,[40] using money he says he earned during his college years by closing deals on residential buildings in Somerville, Massachusetts, with family members providing the backing for his investments.[41]
After purchasing the Observer, Kushner published it in tabloid format.[42] Since then, he has been credited with increasing the Observer's online presence and expanding the Observer Media Group.[43][44] With no substantial experience in journalism, Kushner could not establish a good relationship with the newspaper's veteran editor-in-chief, Peter W. Kaplan.[45] "This guy doesn't know what he doesn't know," Kaplan remarked about Kushner, to colleagues, at the time.[45] As a result of his differences with Kushner, Kaplan quit his position. Kaplan was followed by a series of short-lived successors until Kushner hired Elizabeth Spiers in 2011.[46] It has been alleged that Kushner used Observer as propaganda against rivals in real estate.[46][47] In December 2011, the New York Post reported that the Observer expected to become profitable for the first time.[48] Spiers left the newspaper in 2012. In January 2013, Kushner hired a new editor-in-chief, Ken Kurson. Kurson had been a consultant to Republican political candidates in New Jersey[46] and one-time member of Rudy Giuliani's unsuccessful 2008 presidential primary campaign.
According to Vanity Fair, under Kushner, the "Observer has lost virtually all of its cultural currency among New York's elite, but the paper is now profitable and reporting traffic growth ... [it] boasts 6 million unique visitors per month, up from 1.3 million in January 2013".[49] In April 2016, the New York Observer became one of only a handful of newspapers to officially endorse United States presidential candidate Donald Trump in the Republican primary, but the paper ended the campaign period by choosing not to back any presidential candidate at all.[50][51]
Kushner stepped down from his newspaper role in January 2017 to pursue a role in President Donald Trump's administration. He was replaced by his brother-in-law, Joseph Meyer.[52]

Los Angeles Dodgers bid

In February 2012, Kushner put in a bid to acquire the MLB team the Los Angeles Dodgers,[53] but withdrew it the next month.[54]

Political activity

Earlier career and family history

Jared Kushner had been a lifelong Democrat and had made major donations to its candidates for years before reportedly undergoing an "ideological conversion" and supporting the 2015–16 Trump campaign.[59] Kushner has had no prior involvement in campaign politics or in government before his father-in-law, Trump's, campaign.[60]
In April 2017, Politico Magazine published an article purporting to show long-term links between Kushner, Russian Jewish oligarchs, Donald Trump, Russian President Vladimir Putin and the Jewish outreach organization Chabad-Lubavitch.[61] The article was widely condemned, with the head of the Anti-Defamation League Jonathan Greenblatt saying that it "evokes age-old myths about Jews".[62][63][64]

Presidential campaign

Kushner and the Trump family, pictured at a campaign victory party in Des Moines, Iowa on February 1, 2016
From the outset of the presidential campaign of his father-in-law Donald Trump, Kushner was the architect of Trump's digital, online and social media campaigns, enlisting talent from Silicon Valley to run a 100-person social-media team dubbed "Project Alamo".[65] Kushner has also helped as a speechwriter and was tasked with working to establish a plan for Trump's White House transition team.[66] He was for a time seen as Trump's de facto campaign manager, succeeding Corey Lewandowski, who was fired in part on Kushner's recommendation in June 2016.[67] He had been intimately involved with campaign strategy, coordinating Trump's visit in late August to Mexico and he is believed to be responsible for the choice of Mike Pence as Trump's running mate.[65][68] Kushner's "sprawling digital fundraising database and social media campaign" has been described as "the locus of his father-in-law's presidential bid".[69]
According to Eric Schmidt[the cited source questions part of the quoted statement], "Jared Kushner is the biggest surprise of the 2016 election, stating, "Best I can tell, he actually ran the campaign and did it with essentially no resources."[70] Federal Election Commission filings indicate the Trump campaign spent $343 million, about 59 percent as much as the Clinton campaign.[71]
On July 5, 2016, Kushner wrote an open letter in the New York Observer addressing the controversy around a tweet from the Trump campaign containing allegedly antisemitic imagery. He was responding to his own paper's editorial by Dana Schwartz criticizing Kushner's involvement with the Trump campaign.[72] In the letter, Kushner wrote, "In my opinion, accusations like 'racist' and 'anti-Semite' are being thrown around with a carelessness that risks rendering these words meaningless."[73]

Presidential transition

Japanese PM Shinzō Abe meets with Ivanka, president-elect Donald Trump and Jared Kushner
During the presidential transition, Kushner was said to be his father-in-law's "confidant"[74] and one of Donald Trump's closest advisors, even more so than Trump's four adult children.[75] Trump was reported to have requested the top-secret security clearance for him to attend the Presidential daily intelligence briefings as his staff-level companion, along with General Mike Flynn who already had the clearance prior to his resignation.[76]
Kushner was reportedly an influential factor behind the firing of New Jersey governor Chris Christie as head of the transition team, as well as the dismissal from the Donald Trump transition team of anyone connected to Christie.[77][78] An anonymous source familiar with the transition told Politico, "Jared doesn't like Christie... He's always held [the prosecution of his father] against Christie."[79] Kushner told Forbes that the reports that he was involved in Christie's dismissal were false: "Six months ago, Governor Christie and I decided this election was much bigger than any differences we may have had in the past, and we worked very well together... I was not behind pushing out him or his people."[80]

Senior Advisor to the President

President Trump, Marco Rubio and Kushner visit a fourth grade classroom in Orlando, Florida
On January 9, 2017, Kushner was named Senior Advisor to the President[81] (formally, "Assistant to the President and Senior Advisor"[82]). Kushner's appointment was questioned on the basis of a 1967 anti-nepotism law.[83]). On January 20, 2017, the Department of Justice Office of Legal Counsel issued an opinion stating "the President may appoint relatives to his immediate staff of advisors."[84][85] Kushner was sworn in on January 22, 2017.[86]
Trump put Kushner in charge of brokering peace in Israeli–Palestinian conflict as well as making deals with foreign countries, although in what way he is in charge is unclear.[87][88][89] Furthermore, after Donald Trump became President-elect, Kushner and his wife met with Japanese Prime Minister and other Japanese officials while his wife was conducting a licensing deal between her namesake clothing brand and a Japanese government-owned company.[90] His wife sat in on a meeting between her father, then President-elect Donald Trump and Japan's Prime Minister Shinzo Abe.[91] In February 2017, his wife Ivanka Trump was a surprise attendee at the Chinese Embassy's New Year's party.[92] In late March 2017, he was also given the new role of leading the "White House Office of American Innovation".[93][94]
Kushner during the April 2017 Syrian missile strike operation
Kushner and President Donald Trump in Jerusalem, May 2017
White House Chief Strategist, Steve Bannon had reportedly opposed the 2017 Shayrat missile strike, but was overruled by Jared Kushner.[95]
Unidentified sources claim Kushner was an advocate of the dismissal of FBI Director James Comey in May 2017.[96]
According to The New York Times, Kushner was involved in the sale of $100+ billion of arms to Saudi Arabia, and during a meeting with Saudi officials on May 1, 2017, at the White House, Kushner called Lockheed Martin CEO Marillyn Hewson to ask for a lower price on an radar system to detect ballistic missiles.[97]
Kushner's business activities in China have drawn scrutiny for mixing government with business.[98][99] Kushner's investments in real estate and financial services have also drawn controversy for conflicts of interest.[28][100] In May, the Wall Street Journal reported that he had failed to disclose all required financial information in his security clearance applications, including that he owes $1 billion in loans.[3][101]

Russian investigation

Kushner's contacts with Russian officials have come under scrutiny as part of the larger federal investigation into Russian interference in the election.[102]
In April 2017, it was revealed that Kushner failed to disclose on his top-secret security clearance application form that he had met with Russian officials, including Sergei Gorkov, chairman of a Russian government-owned bank, Vnesheconombank (VEB), and the Russian ambassador Sergey Kislyak, in December 2016.[103] White House Press Secretary Sean Spicer stated that Kushner met with Gorkov briefly as part of his role in the transition and as a diplomatic conduit to the State Department.[104] However, VEB issued a statement that said Gorkov met with Kushner on a private matter concerning his family's real estate corporation, Kushner Companies, even though VEB has been under international sanctions since July 2014.[105] Kushner's lawyer has called the omission from his security clearance form an "oversight." Democratic lawmakers, including some members of the House of Representatives, have called for suspension or revoking of Kushner's security clearance, and have written request letters to the then Director of the FBI James Comey and Charles Phalen, director of the National Background Investigations Bureau.[106]
On May 25, 2017, several news outlets reported that Kushner was under investigation by the FBI as part of the larger investigation into Russian interference in the election. According to The Washington Post, Kushner is being investigated "because of the extent and nature of his interactions with the Russians", meetings he failed to report on his security clearance application form. Kushner's lawyer stated that Kushner had volunteered to face a Congressional inquiry into the matter.[107][108] According to ABC News, Kushner himself is not a target of investigation but his meetings with Gorkov and Kislyak are being scrutinized by the FBI.[109]
On May 26, 2017, The Washington Post reported that U.S. intelligence officials had, in the course of monitoring Ambassador Kislyak in December 2016, overheard him relaying to Moscow a request from Kushner to establish a "secret and secure communications channel" with the Kremlin using Russian diplomatic facilities. According to the report, "Kislyak reportedly was taken aback by the suggestion ... that would have carried security risks for Moscow as well as the Trump team." The Washington Post noted that Russian officials occasionally leak "false information into communication streams it suspects are monitored as a way of sowing misinformation and confusion among U.S. analysts," but that U.S. officials stated it was unclear what Kislyak would have gained by falsely reporting such an encounter at a time when the Kremlin was envisioning improved diplomatic relations under the incoming Trump administration.[110] The New York Times reported that it had confirmed Kislyak's report with three officials and that the White House declined to comment on the report.[111] Former acting CIA Director John E. McLaughlin comments "[I]f an American intelligence officer had done anything like this, we'd consider it espionage.[112][113]
On May 27, 2017, Reuters published that Kushner had three previously undisclosed contacts with Kislyak, including two phone calls from April 2016 to November 2016, citing seven current and former U.S. officials. Jamie Gorelick, Kushner's attorney, told Reuters that Kushner had participated in "thousands of calls in this time period" and did not recall any with Kislyak.[114]

See also


  • Vitali, Ali; Siemaszko, Corky (March 28, 2017). "Ivanka Trump, Jared Kushner: Rising Powers at the White House". NBC News. Archived from the original on March 28, 2017. Neither of them are Republicans... [Kushner] is a Democrat whose dad, Charles, was a bigtime donor to the Democratic Party, including Hillary Clinton's 2000 Senate campaign.

  • Chung, Juliet (May 3, 2017). "A Tech Startup's Major Investors". Wall Street Journal. p. A2. Kushner co-founded Cadre in 2014... To get off the ground, Cadre turned to a Goldman Sachs fund and a number of high-profile investors... Cadre also secured a $250 million line of credit from the family office of George Soros... Soros' family office is also an investor in Cadre.

  • Eaglesham, Jean; Chung, Juliet; Schwartz, Lisa (May 3, 2017). "Trump Adviser Kushner's Undisclosed Partners Include Goldman and Soros"Paid subscription required. Wall Street Journal. p. 1. Kushner ... is currently in business with Goldman Sachs Group Inc. and billionaires George Soros and Peter Thiel, according to people familiar with the matter and securities filings.

  • McAlone, Nathan (January 9, 2017). "Trump Son-in-Law Jared Kushner Will Step Down as Publisher of the Observer, and Have No 'Ownership Stake'". Business Insider. Archived from the original on May 12, 2017. Retrieved January 28, 2017.

  • Kirby, Jen (May 2, 2017). "Jared Kushner Reportedly Failed to Disclose Stake in Real-Estate Tech Start-Up". New York. Kushner did not list his part-ownership in a real-estate start-up called Cadre, whose investors include a Goldman Sachs fund ... and George Soros, the Democratic megadonor and favorite target of the Trumpian base.

  • "Kushner, Jared Corey". Who's Who in America. Berkeley Heights, NJ: Marquis Who's Who. 2016.

  • Sherman, Gabriel (July 12, 2009). "The Legacy". New York. Retrieved January 3, 2015.

  • Rudnik, Alesia; Smok, Vadzim (November 18, 2016). "What Does Trump's Presidency Mean for Belarus?". Belarus Digest. Archived from the original on May 12, 2017.

  • Rice, Andrew (January 8, 2017). "The Young Trump: Jared Kushner's Rise to Unimaginable Power". New York.

  • "Jared Kushner once broke up with Ivanka Trump over 'religion issue'".

  • "For Trump son-in-law and confidant Jared Kushner, a long history of fierce loyalty".

  • Golden, Daniel (2007). The Price of Admission: How America’s Ruling Class Buys Its Way into Elite Colleges—and Who Gets Left outside the Gates. N.Y.C.: Broadway Books. pp. 45–46. ISBN 978-1400097975. ‘There was no way anybody in the administrative office of the school thought he would on the merits get into Harvard,’ a former school official told me. ‘His GPA did not warrant it, his SAT scores did not warrant it.’

  • Golden, Daniel (November 18, 2016). "How Did ‘Less Than Stellar’ High School Student Jared Kushner Get into Harvard?". The Guardian. Charles and Seryl Kushner were both on [Harvard’s Committee on University Resources]... His sons Jared and Joshua had both enrolled there... In 1998 ... [Charles] had pledged $2.5m to Harvard ... [and] also visited Neil Rudenstine, then Harvard president, and discussed funding a scholarship program for low- and middle-income students.

  • Pendergrass, Drew (March 9, 2017). "Becoming Jared Kushner". Harvard Crimson. Kushner was vice president of 10 corporations as an undergrad, each of which operated as a part of Kushner Companies... Richard Stadtmauer, Jared Kushner’s uncle and the only other vice president ... listed in publicly available documents, was convicted of felony tax fraud in 2009 and sentenced to 38 months...

  • Birkner, Gabrielle (August 4, 2006). "Kushner Quietly Raising His Stake in Manhattan". New York Sun.

  • "Jared Kushner". KushnerCompanies.com. 2016. Archived from the original on November 28, 2016.

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  • Sommer, Allison Kaplan (March 1, 2016). "Meet the Kushners: The Feuding Real Estate Dynasty That Links Donald Trump and Chris Christie". Haaretz.com. Retrieved December 1, 2016. The elder Kushner hired a prostitute to entrap his brother-in-law and sent the tape to his sister, Esther, in an alleged effort to stop her from being a witness against him in a civil interfamily suit.

  • Benepe, Jen (September 2006). "Kushner Cos. Prestige Sank with Prison, but Portfolio Didn’t". The Real Deal. The U.S. Department of Justice charged the quartet with setting up a scheme to create false partnership tax returns for the Kushner Companies properties.

  • Sherman, Ted (February 11, 2009). "Charles Kusher’s Brother-in-Law Sentenced for Tax Fraud". NJ.com. A jury ultimately convicted him of conspiracy and assisting in the filing of false tax returns. He was acquitted on nine other counts.

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  • Drucker, Jesse; Lipton, Eric; Haberman, Maggie (April 1, 2017). "Trump's Family Still Benefiting from Businesses". New York Times. p. 1. Ivanka Trump and Jared Kushner ... will remain the beneficiaries of a sprawling real estate and investment business, ... according to ethics filings... The filing ... does not provide information on his business partners or lenders to his projects. His real estate firm has borrowed money from the likes of Goldman Sachs...

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  • The Real Deal: "$1.3B sale of 650 Madison hinges on dramatic increase in retail value, sources say" by Adam Pincus June 3, 2013

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  • Pincus, Adam (August 2012). "Tallying Who Won at 666 Fifth Avenue". The Real Deal. The Real Deal created a scorecard estimating how much in profits (or losses) all of the parties involved in 666 Fifth Avenue have walked away with. • Kushner Companies. Retail: Estimated profits of about $100 to $120 million. Office: Estimated current loss ... of more than $200 million.

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  • Sorvino, Chloe (December 18, 2016). "Here's How Much Jared Kushner and His Family Are Really Worth". Forbes. Josh ... and Jared also cofounded Cadre, an online platform for investing in real estate, in 2014. Two years later, it raised $50 million from a group of big-name investors including Goldman Sachs ... billionaire George Soros's private equity firm and Russian billionaire tech investor Yuri Milner.

  • Putzier, Konrad (January 27, 2017). "George Soros is the secret financier behind Kushner-backed startup Cadre". The Real Deal. George Soros' Soros Fund Management has quietly been financing the Kushner-backed real estate finance startup Cadre with a substantial credit line, according to sources familiar with the matter.

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  • "In the Republican Primary: Donald Trump for President". New York Observer. April 12, 2016.

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  • "Politico goes full ‘Elders of Zion,’ silenced by the college mob & other comments". New York Post. 10 April 2017.

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  • Presidential Candidate 24-Month Data Summaries: Campaign Disbursements through December 31, 2016 (Report). Federal Election Commission. 2017. Total Disbursements

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