The Wall Street Journal just uncovered previously undisclosed investments that tie Jared Kushner to Goldman Sachs, George Soros
President Trump's son-in-law and senior adviser, Jared Kushner, apparently failed to fully divulge some details of his financial ties in his government disclosure form — namely the fact that he holds a stake in a real-estate startup, Cadre. Other stakeholders in Cadre — and subsequently business partners of Kushner — include banking giant Goldman Sachs and billionaires George Soros and Peter Thiel, The Wall Street Journal revealed Tuesday.
Kushner, alongside his brother and a family friend, started Cadre in 2014, in part thanks to a "$250 million line of credit from the family of George Soros, a top Democratic donor whom Mr. Trump criticized during this presidential campaign," The Wall Street Journal reported. Kushner holds his stake in Cadre through his company BFPS Ventures, which owns as much as half of Quadro Partners Inc. Quadro owns "at least 75 percent" of Cadre.
Though Kushner did list his ownership of BFPS Ventures in his government financial disclosure form, Cadre was not mentioned. An attorney representing Kushner told The Wall Street Journal that a "revised version" of his form does describe his stake in Cadre, and noted that Kushner has "resigned from Cadre's board, assigned his voting rights, and reduced his ownership share" to 25 percent.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
That wasn't all Kushner failed to note: The Wall Street Journal also uncovered at least $1 billion worth of loans for properties and companies that Kushner owns in part. The more than 20 lenders involved reportedly include Bank of America Corp., Blackstone Group LP, Citigroup Inc., UBS Group AG, Deutsche Bank AG, and Royal Bank of Scotland Group PLC.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Today's political cartoons - November 2, 2024
Cartoons Saturday's cartoons - anti-fascism, early voter turnout, and more
By The Week US Published
-
Geoff Capes obituary: shot-putter who became the World’s Strongest Man
In the Spotlight The 'mighty figure' was a two-time Commonwealth Champion and world-record holder
By The Week UK Published
-
Israel attacks Iran: a 'limited' retaliation
Talking Point Iran's humiliated leaders must decide how to respond to Netanyahu's measured strike
By The Week UK Published
-
US economy still strong in final preelection report
Speed Read It grew at a solid 2.8% annual rate from July through September
By Peter Weber, The Week US Published
-
Boeing machinists reject deal, continue strike
Speed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
By Peter Weber, The Week US Published
-
Ports reopen after dockworkers halt strike
Speed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
By Peter Weber, The Week US Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published
-
Disney and DeSantis reach detente
Speed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
By Peter Weber, The Week US Published
-
Visa and Mastercard agree to lower swipe fees
Speed Read The companies will cap the fees they charge businesses when customers use their credit cards
By Peter Weber, The Week US Published