A private equity firm owned by Jared Kushner, Donald Trump’s son-in-law, has been paid $157m in fees since 2021 without returning any profit to investors, according to a US Senate inquiry.
The finding from the Senate finance committee has fuelled suspicions that the Miami-based company, Affinity Partners, may be a foreign influence-buying operation established in anticipation of the former president returning to the White House.
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Kushner has admitted previously that his company – of which he is sole owner – has moved “slowly” to invest the $3bn it has received from investors since its establishment in 2021, citing a shortage of attractive available deals.
The bulk of the funds – $2bn – comes from the Saudi government’s public investment fund. But it also includes money from the sovereign wealth funds of Qatar and the United Arab Emirates, and from Terry Gou, the Taiwanese billionaire owner of Foxconn, the world’s largest electronic contract manufacturer.
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https://www.theguardian.com/us-news/2024/sep/25/jared-kushner-affinity-partners-firm-senate-inquiry
I believe this was all tied together and Kushner anticipates putting this money into rebuilding Gaza on top of the bones of the Palestinian people.
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