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
-
China and India's dam war in the Himalayas
Under The Radar Delhi's response to Beijing's plans for a huge dam in Tibet? Build a huge dam of its own right nearby
By Chas Newkey-Burden, The Week UK Published
-
Born this way
Opinion 'Born here, citizen here' is the essence of Americanism
By Mark Gimein Published
-
What does Trump's immigration crackdown mean for churches?
Today's Big Question Mass deportations come to 'sacred spaces'
By Joel Mathis, The Week US Published
-
Chinese AI chatbot's rise slams US tech stocks
Speed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
By Peter Weber, The Week US Published
-
US port strike averted with tentative labor deal
Speed Read The strike could have shut down major ports from Texas to Maine
By Peter Weber, The Week US Published
-
Biden expected to block Japanese bid for US Steel
Speed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
By Peter Weber, The Week US Published
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US Published
-
Rupert Murdoch loses 'Succession' court battle
Speed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
By Peter Weber, The Week US Published
-
Bitcoin surges above $100k in post-election rally
Speed Read Investors are betting that the incoming Trump administration will embrace crypto
By Peter Weber, The Week US Published
-
Enron mystery: 'sick joke' or serious revival?
Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
By Peter Weber, The Week US Published
-
US charges Indian tycoon with bribery, fraud
Speed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
By Peter Weber, The Week US Published