Saudi Press

Saudi Arabia and the world
Monday, Jun 02, 2025

Saudis Poised To Invest In Jared Kushner Fund After Cozy Trump White House Ties: Report

Saudis Poised To Invest In Jared Kushner Fund After Cozy Trump White House Ties: Report

The potential deal raises serious ethical issues as Kushner approaches officials he dealt with as a senior White House adviser as recently as January.
Saudi Arabia’s $450 billion Public Investment Fund is negotiating with former White House aide Jared Kushner for what could be a sizeable stake in his new fund, The New York Times reported.

The potentially lucrative interest follows very favorable treatment of the kingdom by Donald Trump’s White House.

Kushner’s appeal to the Saudis and other Middle Eastern sovereign wealth funds is raising “questions about ethics” as Kushner seeks money from the same officials he dealt with as a representative of the U.S. government as recently as January, the Times noted.

The issue becomes even more troubling if Kushner’s father-in-law runs in 2024 and even wins the White House again.

Sources told the Times that the real estate developer hopes to raise an amount in the “low billions” by early next year for his new investment fund, Affinity Partners.

He hasn’t had much success so far raising money in the Middle East — except with the Saudis, sources told the Times.

Kushner refused to discuss details about his new company with the Times.

The Trump White House had a particularly close relationship with the Saudi leadership, and Kushner cultivated a friendship with de facto leader Crown Prince Mohammed bin Salman.

Kushner arranged for Trump to make his first trip abroad to a summit in the Saudi capital of Riyadh. That same year Kushner helped negotiate a hugely controversial agreement for Saudi Arabia to buy billions of dollars worth of American weapons while the nation was bombing civilians in Yemen.

Later, when Kushner was asked to intercede with Trump to get him to back off pushing then-Vice President Mike Pence to overturn the presidential election results, Kushner said he had no interest or time because he was working on “Middle East peace,” reported ABC News White House correspondent Jonathan Karl.

In other favorable treatment of the Saudi royal family, Trump took no action concerning the murder of Saudi Washington Post journalist Jamal Khashoggi in the Saudi consulate in Istanbul in 2018.

Trump suggested “rogue killers” could have been involved in Khashoggi’s death, and never condemned the crown prince — despite a conclusion by American intelligence that he was responsible for the murder.

“I saved his ass,” Trump said of the crown prince last year in an interview with Washington Post journalist Bob Woodward for his book “Rage.” “I was able to get Congress to leave him alone.”

Bin Salman “will always say that he didn’t do it,” Trump told Woodward. “He says that to everybody, and frankly I’m happy that he says that.”

Kushner remained a loyal champion of his wealthy friend amid condemnation by the international community over Khashoggi’s murder.

Trump’s former Treasury Secretary Steve Mnuchin has also cashed in on Middle East ties, and has profited from investments from the Saudis, United Arab Emirates and the Qataris, sources told the Times.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
The Daily Debate: The Fall of the Dollar — Strategic Reset or Economic Self-Destruction?
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
Saudi-Spanish Business Forum Commences in Riyadh
Saudi Arabia and Spain Sign MoU to Boost SME Sectors
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
A Chinese company made solar tiles that look way nicer than regular panels!
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
Saudi Arabia Emerges as Global Tech Magnet with U.S. Backing and Trump’s Visit
This was President's departure from Saudi Arabia. The Crown Prince personally escorted him back to the airport.
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
Trump takes a blow torch to the neocons and interventionists while speaking to the Saudis
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
×