"The private equity firm run by #JaredKushner, the son-in-law of former President Donald J. #Trump, has been paid at least $112 million in fees since 2021 by #SaudiArabia & other foreign investors, even though as of July it had not yet returned any profits to the #governments largely bankrolling the firm.
...the findings of a Senate #Finance Committee inquiry into the operations... the Miami-based firm #Kushner set up."
#GiftArticle #GiftLink
https://www.nytimes.com/2024/09/25/us/politics/kushner-private-equity-saudi-arabia.html?unlocked_article_code=1.Nk4.3MN7.IaV3Y5CMFMM7&smid=url-share#
#GOP #Corruption #USPol
Zhi Zhu 🕸️
in reply to Zhi Zhu 🕸️ • • •"Kushner’s firm creates #conflicts of interest, particularly w/his father-in-law running for re-election.
...asked why Affinity Partners had not “distributed a penny of earnings back to clients”...
“Affinity’s investors may not be motivated by commercial considerations but rather the opportunity to funnel #foreign #government money to members of Trump’s family, namely #JaredKushner & Ivanka #Trump”
https://www.nytimes.com/2024/09/25/us/politics/kushner-private-equity-saudi-arabia.html?unlocked_article_code=1.Nk4.3MN7.IaV3Y5CMFMM7&smid=url-share#
#GOP #Corruption #Politics #Republicans #US #USPol #Election2024 #News
Zhi Zhu 🕸️
in reply to Zhi Zhu 🕸️ • • •"at least 99% of the roughly $3 billion invested came from overseas sources, including $2 billion from the #Saudi government’s Public Investment Fund.
Most of the rest of the money comes from the sovereign wealth funds of #Qatar and the #UnitedArabEmirates, as well as a chunk from Terry Gou, the #Taiwanese billionaire and founder of Foxconn, the world’s largest electronics contract manufacturer.
But there is a fifth “mystery foreign investor Affinity has declined to identify”"
#News #USPol