Jared KushnerTable Of Contents
- fiber_manual_recordBio Facts
- fiber_manual_record Personal Life
- fiber_manual_record Education
- fiber_manual_record Spouse(s)
- fiber_manual_recordNet Worth
- fiber_manual_recordBusiness Career
- fiber_manual_record Political Career
- fiber_manual_recordOnline Presences
Jared Kushner and Ivanka Trump met through mutual friends who thought it could be a good networking opportunity; little did the commercial real estate brokers realize they’d made the biggest deal of all. Jared and Ivanka aren’t all that different from other couples; the two constantly faced will-they-or-won’t-they rumors early on in their relationship. In the spring of 2007, the two claimed to be friends while meeting up at Bowlmor Lanes, attending parties separately (but ending up together) and dancing at concerts. They confirmed their relationship later that year, but broke up shortly after. Jared’s mother allegedly played a role in their split, which was reportedly about religion; Jared’s family is Jewish. Ivanka converted to Judaism and the two were engaged by 2009.
Jared Kushner graduated from the Frisch School, a Modern Orthodox yeshiva high school, in 1999. He was an honors student and a member of the debate, hockey, and basketball teams.Harvard University, Cambridge city (©Jannis Tobias Werner/Shutterstock)
Kushner enrolled at Harvard University in 1999. Journalist Daniel Golden has alleged that Kushner was accepted due to his father's donations and history with the school. Kushner graduated from Harvard in 2003 with a Bachelor of Arts degree in government.New York University Stern School of Business (©metromba.com)
Kushner graduated from New York University in 2007 with dual JD/MBA degrees.
Jared was studying to get a dual MBA and law degree at New York University when his father was sent to prison for tax fraud, witness tampering, and illegal campaign donations. Jared took over Kushner Companies as CEO in 2008 when he was 27 years old, abandoning his legal aspirations.
"My dad’s arrest made me realize I didn’t want to be a prosecutor anymore" Jared told The Real Deal in 2014.
"Seeing my father’s situation, I felt what happened was obviously unjust in terms of the way they pursued him. I just never wanted to be on the other side of that and cause pain to the families I was doing that to, whether right or wrong. The moral weight of that was probably a bit more than I could carry".Real estate
Kushner was a real-estate investor, and increased Kushner Companies' presence in the New York City real estate market. Kushner Companies purchased the office building at 666 Fifth Avenue in 2007, for a then-record price of $1.8 billion, most of it borrowed. He assumed the role of CEO in 2008. Following the property crash that year, the cash flow generated by the property was insufficient to cover its debt service, and the Kushners were forced to sell the retail footage to Stanley Chera and bring in Vornado Realty Trust as a 50% equity partner in the ownership of the building. By that time, Kushner Companies had lost more than $90 million on its investment. He was the face of the deal but his father Charles Kushner pushed him to do the deal. On August 18, 2014, Kushner acquired a three-building apartment portfolio in Middle River, Maryland, for $38 million with Aion Partners. In 2013–2014, he and his company acquired more than 11,000 units throughout New York, New Jersey and the Baltimore area. In May 2015, he purchased 50.1% of the Times Square Building from Africa Israel Investments Ltd for $295 million.Newspaper publishing Peter Kaplan (left) and Jared Kushner in a 2008 (©Wikipedia)
In 2006, Kushner purchased The New York Observer, a weekly New York City newspaper, for $10 million, using money he says he earned during his college years by closing deals on residential buildings in Somerville, Massachusetts, with family members providing the backing for his investments. After purchasing the Observer, Kushner published it in tabloid format. Since then, he has been credited with increasing the Observer's online presence and expanding the Observer Media Group. In April 2016, The New York Observer became one of only a handful of newspapers to officially endorse United States presidential candidate Donald Trump in the Republican primary, but the paper ended the campaign period by choosing not to back any presidential candidate at all. Kushner stepped down from his newspaper role in January 2017 to pursue a role in President Donald Trump's administration. He was replaced by his brother-in-law.
Jared Kushner had been a lifelong Democrat before his father-in-law Donald Trump entering politics. He had donated over $10,000 to Democratic campaigns starting at the young age of 11. In 2008 he donated to the campaign for Hillary Clinton and his newspaper the New York Observer endorsed Barack Obama over John McCain in the US presidential election. After expressing disappointment with Barack Obama, however, he endorsed Republican U.S. presidential nominee Mitt Romney in 2012 via The New York Observer. In 2014 he continued to donate to Democratic groups, but he then continued his "ideological conversion" by joining his father-in-law Donald Trump's nascent US presidential campaign in the field of the Republican candidates in 2015. Kushner had no prior involvement in campaign politics or government before Trump's campaign. During the presidential transition, Kushner was said to be his father-in-law's "confidant", and one of Donald Trump's closest advisors, even more so than Trump's four adult children. Trump was reported to have requested the top-secret security clearance for him to attend the presidential daily intelligence briefings as his staff-level companion, along with General Mike Flynn, who already had the clearance before his resignation. On January 9, 2017, Kushner was named Senior Advisor to the President (formally, "Assistant to the President and Senior Advisor"). He consequently resigned as CEO of Kushner Companies, and as publisher of the Observer.
Jared Kushner and his wife are renting their current house from billionaire Andrónico Luksic, who bought it for $5.5 million through a shell company in December 2016. The Chilean national is renting the home to the family for a sum of $15,000 a month.