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You are here News Politics 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

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Saudi PrinceSaudi 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.

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