Even Mnuchin got only $1 billion.
Jared Kushner has no practical experience as a private investor. He had a Harvard education and a commercial real estate practice handed to him by his father, but he has done nothing in the private equity space.
Yet that did not stop Saudi Arabia from handing the former Presidential son-in-law billions of dollars just to be its investment guru, despite protests from an advisory panel that called Kushner and his new firm an unworthy partner and a terrible risk. Nobody needed another reminder that Washington is a cesspool, but Kushner’s ability to convert it into his personal jacuzzi has taken this to a level of venality that only the Trump family can attain.
Six months after he left the White House, Kushner’s new firm, Affinity Fund Management, received a $2 billion investment from the Saudi’s $620 billion Public Investment Fund. As thereported, this happened despite the unanimous disapproval from the PIF’s august advisers, who cited the “inexperience of management” , the firm’s excessive fees, and details which they found to be “unsatisfactory in all aspects.
They even thought it was a “public relations risk,” which means even advisors to Saudi hatchet murderers think it looks bad to enter a partnership with the Trump family.
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