Jared Kushner Net Worth 2022 – How Did He Get Rich?

Jared Kushner Net Worth 

Jared Kushner has an estimated net worth of $800 million. Jared Kushner is a real estate developer, former publisher and Donald Trump’s son-in-law. In 2017, he was named a senior adviser to President Trump. He earns the majority of his income from his family business. 

Charles Kushner’s son is real estate developer Jared Kushner. When his father was imprisoned in the midst of a financial and political scandal, Kushner took over the family business and expanded into publishing by purchasing The New York Observer. He married Ivanka Trump, the daughter of another real estate mogul, Donald Trump, in 2009. During Trump’s 2016 presidential campaign and transition to the White House, Kushner was a close political advisor. In January 2017, he was appointed as a senior adviser to the president.

To calculate the net worth of Jared Kushner, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity she has in a house, car, or other similar asset are included in the total assets. All debts, such as student loans and credit card debt, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Jared Kushner
Net Worth: $800 Million
Monthly Salary: $3 Million+
Annual Income: $50 Million+
Source of Wealth: Businessperson, Media Proprietor

Early Life

Kushner was born in Livingston, New Jersey on January 10, 1981. He is one of four children of billionaire real estate developer Charles Kushner, who has been a major financial supporter of the Democratic Party and various charities. Joshua Kushner, his younger brother, is a businessman and investor.

The younger Kushner attended the Frisch School, a yeshiva high school in Paramus, New Jersey, before attending Harvard University and graduating in 2003. (A journalist later reported that Kushner, who had a modest academic record in high school, was admitted to Harvard after his father offered the university an endowment.) Kushner Companies responded to the allegation by saying it “is and always has been false.”

Father’s Arrest

Charles pleaded guilty in 2005 to crimes including tax evasion, witness tampering, and illegal political campaign contributions. He was sentenced to two years in prison. The elder Kushner was prosecuted by then-U.S. Attorney and future New Jersey governor Chris Christie, with whom Kusher would later work as part of Trump’s presidential campaign advisory team.

While his father was in prison, Jared took over the real estate business while maintaining a close relationship with him. Kushner bought The New York Observer in 2006 and became a publisher while still in his twenties. The following year, he made headlines again when he paid $1.8 billion for a Manhattan office building at 666 Fifth Avenue. Kushner took over as CEO of Kushner Companies in 2008.

Marriage to Ivanka Trump

Kushner married Ivanka Trump, daughter of Ivana and Donald Trump, in October 2009 in Bedminster, New Jersey, after dating for nearly two years. Arabella, Joseph, and Theodore are the couple’s three children. Ivanka also converted to Orthodox Judaism, Kushner’s religion.

Adviser to Donald Trump

Despite coming from a Democratic family, Kushner became a key adviser to Trump during his campaign for the Republican presidential nomination in 2016. Kushner reportedly assisted Trump with merchandising, speechwriting, social media outreach, and the selection of Indiana governor Mike Pence as the vice-presidential candidate.

During the summer, Kushner became embroiled in a political storm when Trump tweeted a meme, originally posted on an alt-right message board, labeling Hillary Clinton as highly corrupt, with a Star of David and money in the background. The post’s anti-Semitic implications sparked outrage. Kushner defended Trump to the Observer, claiming that his father-in-law was not an anti-Semite and that the presidential candidate should not be held responsible for hateful, destructive messaging from supporters.

Kushner joined Trump’s transition team after he won the presidential election on November 8, 2016. Despite speculation that Kushner would return to his personal business ventures after the election, it was reported that he had sought legal advice about joining Trump’s administration, leaving him open to problems ranging from nepotism restrictions in the executive branch to financial conflicts of interest. According to Forbes, the Kushner family net worth in 2016 was estimated to be $1.8 billion, the majority of which was in real-estate property holdings.

Kushner was named a senior adviser to the president by Trump’s transition team in January 2017.

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Russian Investigation

Kushner met with Senate Intelligence Committee staff on July 24, 2017 to explain his contact with Russians as part of an ongoing investigation into Russian election meddling in 2016. Kushner issued an 11-page statement prior to the meeting in which he denied collusion with the Russian government. He also detailed four meetings he had with Russians during the presidential campaign and Trump’s transition to the White House, including two interactions with the Russian ambassador, a meeting with a Russian banker, and another meeting set up by Donald Trump Jr. with a Russian lawyer who offered damaging information about Clinton.

Kusher denied improper contact during these meetings, saying, “I did not collude with any foreign government, nor did anyone else in the campaign.”

CNN reported in early November that Kushner had handed over documents to special counsel Robert Mueller, who was conducting his own investigation into ties between the Trump campaign and Russian officials. Mueller’s investigators were looking into Kushner’s role in the May 2017 firing of FBI Director James Comey, according to CNN sources.

Kushner was soon in the sights of the Senate Judiciary Committee again, this time for forwarding emails containing references to Wikileaks and a “Russian backdoor overture and dinner invitation.” Other parties had included those emails in submitted documents, but Kushner had not.

In December, a Washington attorney filed a lawsuit alleging that Kushner’s public financial disclosure forms contained illegal omissions. According to the lawsuit, both Kushner and Ivanka failed to disclose the assets owned by numerous investment firms that retained their business, as well as the income generated by two investment vehicles. A White House spokesman dismissed the lawsuit as “frivolous,” claiming that the two presidential advisers’ disclosures met all legal requirements.

Intelligence and Security Issues

According to a January 2018 Wall Street Journal article, counterintelligence officials warned Kushner that Wendi Deng Murdoch, a Chinese American businesswoman and the former wife of News Corp. chairman Rupert Murdoch, could use her friendship with him to benefit Chinese government interests. Murdoch later denied any involvement in such activities and knowledge of any intelligence agency concerns.

Due to the fact that he had not yet received final clearance, Kushner’s interim status was downgraded from top-secret to secret in late February 2018, following Chief of Staff John Kelly’s announcement that he would overhaul the security clearance process for White House personnel.

Soon after, The Washington Post reported that US officials had intercepted conversations between members of at least four foreign governments — China, the United Arab Emirates, Mexico, and Israel — about how they could exploit Kushner’s business dealings and lack of foreign policy experience. Some in the White House were concerned that Kushner was “naive and being duped” in conversations with foreign officials, according to the report.

Despite security concerns, Kushner soon joined a delegation that met with Mexican President Enrique Pea Nieto to discuss security, immigration, and trade. After Pea Nieto abruptly canceled his planned trip to Washington, the visit was scheduled.

Kushner was granted top-secret security clearance in May 2018, though The New York Times later reported that this was due to President Trump’s influence.

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Questionable Housing Documents and Loans

Kushner’s former real-estate firm, the Kushner Cos., was accused of filing false reports with New York City in order to avoid rent-control laws in March 2018. According to the Housing Rights Initiative, from 2013 to 2016, the Kushner Cos. submitted at least 80 false applications for construction permits in 34 buildings across the city, claiming that there were no rent-regulated tenants when there were in fact more than 300.

Furthermore, after Kushner purchased the buildings, some residents complained of construction at all hours, which they believed was part of an effort to drive them out and allow the company to raise rents for new tenants.

The Kushner Cos. responded by stating that it outsources the report preparation to third parties and takes immediate corrective action when errors are discovered. “Kushner would never deny any tenant their right to due process,” the company said in a statement.

Around the same time, The New York Times reported that Citigroup had loaned $325 million to Kushner Cos. and one of its partners in 2017 after Citigroup’s CEO, Michael Corbat, met with Kushner in the White House. The revelation prompted Democratic lawmakers to request documentation from Kushner Cos., triggering a White House investigation into whether its former CEO’s actions violated any criminal laws or regulations.

Coronavirus

When the coronavirus pandemic emerged as a global threat in early 2020, President Trump appointed Vice President Pence to lead the administration’s task force, while also enlisting his son-in-law to oversee critical behind-the-scenes developments in the race to contain the outbreak.

According to reports, Kushner’s initial focus was on expanding public test access, increasing industrial production of medical supplies, and determining where the supplies were most needed, with his influence swaying decision-making at the Food and Drug Administration and the Centers for Medicare and Medicaid Services.

Further Reading

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