From Selling Real Estate to Influencing Foreign Policy: All About Jared Kushner's Rise and Net Worth

What is Jared Kushner's net worth?

Jared Kushner, the American real estate developer as well as son-in-law and former senior advisor to President Donald Trump, boasts of a net worth of $800 million. Before his career in the Trump administration propelled him to international recognition, he was already a prominent figure in the New York real estate scene. Jared Kushner's business career is marked by a series of ventures and achievements that have spanned real estate and politics. As a real estate entrepreneur, Kushner demonstrated his acumen by successfully managing and expanding the Kushner Companies, a real estate empire founded by his father. He played a key role in high-profile acquisitions, including the renowned 666 Fifth Avenue in Manhattan.

Kushner's impact on the real estate industry continued with innovative projects such as One Journal Square in Jersey City. His entrepreneurial journey also extended to the media landscape when he acquired The New York Observer in 2006, showcasing a diversified business portfolio.

Transitioning to politics, Kushner took on a significant role in his father-in-law Donald Trump's presidential campaign in 2016. Following Trump's election, Kushner became a senior advisor to the President, wielding influence in various policy areas, including criminal justice reform and Middle East peace initiatives. Kushner's contributions in politics also involved overseeing the White House Office of American Innovation, aiming to streamline and modernize government functions. His multifaceted career reflects a blend of successful business ventures and impactful political engagement, highlighting Kushner's dynamic role in shaping both the business and political landscapes.

What are Jared Kushner’s sources of income?

Kushner earned a substantial income during his tenure as Senior Advisor to the President in the Trump administration. His involvement in the real estate industry, primarily through Kushner Companies, constitutes a significant portion of his wealth. Following his departure from the White House, Kushner ventured into private equity with the establishment of Affinity Partners which secured a $2 billion funding round led by Saudi Crown Prince Mohammed Bin Salman's Public Investment Fund. This particular investment garnered attention and controversy due to Kushner's close ties to the Trump administration.

Jared Kushner's salary

Ivanka Trump and Jared Kushner reported taking in as much as $135 million in income during their second year as aides to Donald Trump. The disclosed income was generated from various sources, including their real estate holdings, stocks, bonds, and a book deal. Ivanka Trump's stake in the family's Washington DC hotel near the Oval Office generated $3.95 million in revenue in 2018. Kushner received hundreds of thousands of dollars from his New York City apartment holdings and owns a stake in the real estate investment firm Cadre worth at least $25 million.

Real estate and other assets

Kushner has substantial personal real estate holdings, with assets valued at $372 million as of 2016. Additionally, in 2019, he and Ivanka Trump rented a 7,000-square-foot apartment in Washington, DC. He made a notable investment in December 2020 when Jared and Ivanka acquired an undeveloped 1.8-acre plot of land on the exclusive private island of Indian Creek in Miami for $30 million. This island enclave boasts a select group of residents, including Beyonce & Jay-Z, hedge fund manager Eddie Lampert, NFL coach Don Shula, and supermodel Adriana Lima. The couple's art collection is also valued at approximately $25 million and is known for its focus on supporting emerging artists.

Controversies surrounding Jared Kushner

Jared Kushner's appointment as Trump's senior advisor faced scrutiny due to a 1967 anti-nepotism law. Despite claims that the law did not apply to White House appointments, concerns were raised about the legality and ethical implications.

Kushner's request for Top Secret security clearance also drew attention as omissions in his disclosure, including foreign contacts, surfaced. Downgraded to "secret" status in 2018, his clearance was later restored amid reports of external intervention, sparking controversy.

Kushner retaining ownership of businesses while serving in the Trump administration raised conflict of interest concerns. Kushner's partial divestment and transfer of assets to family members were criticized for not mitigating potential conflicts adequately.

Kushner's use of WhatsApp for government business raised cybersecurity concerns. Communication with foreign officials, including Saudi Crown Prince Mohammed bin Salman, prompted worries about the vulnerability of sensitive information.

Kushner's involvement in advocating for the pardoning of white-collar criminals, such as Philip Esformes, drew attention and criticism for the perceived leniency towards individuals convicted of serious financial crimes.

Social media following

Personal life

Jared Kushner, born on January 10, 1981, into a prominent real estate family, experienced a privileged upbringing in Livingston, New Jersey. His parents, Charles and Seryl Kushner, were successful real estate developers, laying the foundation for Jared's future endeavors. Kushner attended the Frisch School, a private Jewish day school, before continuing his education at Harvard University. At Harvard, he demonstrated academic prowess and earned a degree in government. His notable experiences include acquiring The New York Observer in 2006, showcasing his early foray into media ownership. Kushner's upbringing and educational background played pivotal roles in shaping his trajectory, setting the stage for his subsequent ventures in real estate, media, and, later, his prominent role in political circles. Jared's personal life took a significant turn when he married Ivanka Trump in 2009. They have three children together. As a key figure in Donald Trump's presidential campaign and later as Senior Advisor to the President, Kushner's influence extended to areas such as digital strategy and Middle East diplomacy.

Comparisons with Joshua Kushner: A Tale of two brothers and their fortunes

Josh Kushner, a 36-year-old venture capitalist, stands apart with an estimated net worth of $2 billion. His wealth is attributed to astute early-stage venture investments and the strategic sale of part of his venture capital firm, Thrive Capital. This significant financial achievement places Joshua in a league of his own within the Kushner dynasty.

The Forbes report outlines that Thrive Capital received a substantial investment of approximately $120 million from Goldman Sachs unit Petershill Partners, valuing the firm at $3.6 billion. Joshua Kushner, with his hands-on approach to investing, owns an estimated two-thirds stake worth $1.9 billion, even after applying a conservative 20% private company discount.

While Jared's endeavors have been rooted in the Kushner Companies' real estate ventures and political engagements, Joshua has focused on the realm of venture capitalism. His reputation as a "hands-on" investor has led Thrive Capital to invest in and become associated with high-profile startups such as Airtable, Robinhood, Spotify, and Warby Parker.

The Forbes comparison in 2022 is particularly intriguing, considering that back in 2016, the entire Kushner family's estimated wealth was around $1.8 billion. Jared's financial standing at the time was just over $320 million, tied predominantly to Kushner Companies' real estate assets. In contrast, Joshua's net worth was estimated to be around $500 million, attributed to his stakes in Thrive and Oscar, the health insurance startup he co-founded.

Accolades

Kushner has received recognition including the Grand Cordon of the Order of Ouissam Alaouite by King Mohammed VI of Morocco, and he received the prestigious Sash of the Order of the Aztec Eagle from Mexico in 2018.

In 2022, Hungary conferred upon him the Commander's Cross of the Hungarian Order of Merit.

He has also been honored with the Department of Defense Medal for Distinguished Public Service.

FAQs

What role did Jared play in the Trump administration?

He served as a senior advisor and was influential in several key decisions.

Who is Jared’s father and what happened to him?

Charles Kushner, a prominent real estate developer, faced legal troubles and was incarcerated in 2005.

Does Jared Kushner have siblings?

Yes, 3 siblings, including Joshua Kushner, Dara Kushner, and Nicole Kushner.

Where Did Ivanka And Jared Buy A House?

The mansion is located on Indian Creek Island, one of the most exclusive locations in the country.

How Much is Jared Kushner's family worth?

In 2016, Forbes estimated the combined net worth of Charles Kushner, his wife Seryl, Jared, and Joshua to be $1.8 billion. When considering Ivanka Trump and Jared Kushner's individual fortunes, the family's total net worth is estimated to exceed $1 billion.

Is Jared Kushner close to his brother?

The Kushner brothers maintain a close relationship.

How many kids Does Jared Kushner have?

Ivanka Trump and her husband, Jared Kushner, are parents to three kids: Arabella Rose, Joseph Frederick, and Theodore James.