Former first son-in-law Jared Kushner received a $2 billion investment from Saudi Arabia’s sovereign wealth fund — with expected annual management fees of...
Former first son-in-law Jared Kushner received a $2 billion investment from Saudi Arabia’s sovereign wealth fund — with expected annual management fees of $25 million, according to a New York Times report.
Saudi Crown Prince Mohammed bin Salman leads the fund’s board, which overruled the skeptics. A letter written by fund staff to a board member who dissented cited “aims to form a strategic relationship with the Affinity Partners Fund and its founder, Jared Kushner” in going ahead with the deal, according to the report.
“Makes you wonder if Jared did something with his official authority for MBS before leaving government to earn that investment,” Shaub tweeted. Angel investor Jason Calacanis posted, “They’re all grifters. … [W]e probably need to ban kids of Presidents from being involved during their parent’s terms. If they’re qualified let them serve under the next president and earn their slots.”
Hunter Biden’s business deals have been criticized for nontransparency, and critics have publicly voiced suspicions that the president had some measure of involvement in his son’s ventures. In China, Hunter Biden co-founded an investment firm called BHR Partners in 2013 less than two weeks after flying with his father to Beijing aboard Air Force Two.
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