Arab Press

بالشعب و للشعب
Friday, Aug 22, 2025

Jared Kushner in talks with Saudi Arabia to receive $2bn for investment firm

Jared Kushner in talks with Saudi Arabia to receive $2bn for investment firm

The money will come from Saudi Arabia's Public Investment Fund, according to journalism studio Project Brazen

Jared Kushner, former White House adviser and son-in-law of former US President Donald Trump, is reportedly in talks to receive upwards of $2bn from Saudi Arabia for his private equity firm, according to the journalism studio Project Brazen.

The studio, founded by former Wall Street Journal reporters, reported that the money will come from Riyadh's Public Investment Fund (PIF), which is chaired by Saudi Crown Prince Mohammed bin Salman, and the fund for the equity firm could eventually reach up to $5bn. However, the target size is unclear.

Sources told the reporters that Kushner has been debating how to limit the impact of having Saudi Arabia as a key investor in the new investment firm.

The Saudi embassy in Washington did not respond to Middle East Eye's request for comment on the matter.

In July, news emerged that the former White House adviser was starting his own investment firm called Affinity Partners, in a move that would see him leave the political arena for the foreseeable future. Reuters reported at the time that he was seeking to open an office in Israel.

Close relationship


Kushner has developed a close relationship with several senior figures throughout the Middle East including bin Salman, also known by his initials MBS, with who he has been engaging for years through emails, text messages, and other forms of contact, according to a report by The New York Times.

During his time in the Trump administration, the Saudi royal family gifted him two swords and a dagger worth nearly $48,000, which he ended up paying the US government for after leaving office.

Trump's son-in-law was also influential in the establishment of the normalisation agreements between Israel and four countries, the United Arab Emirates (UAE), Bahrain, Sudan, and Morocco.

Earlier this year, he founded the Abraham Accords Institute for Peace, which will focus on boosting trade and tourism between the four Arab states and Israel.

The Project Brazen report also comes a month after former Treasury Secretary Steven Mnuchin received $2.5bn for his new private investment firm Liberty Strategic Capital. The firm also received funds from Saudi Arabia's PIF and other Middle East countries, according to The Times.

During their time in office, both Kushner and Mnuchin travelled to attend Saudi Arabia's Future Investment Initiative in 2019, just one year after a number of businesses and politicians boycotted the event over the killing of Saudi journalist Jamal Khashoggi.

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Trump Backs Putin’s Land-for-Peace Proposal Amid Kyiv’s Rejection
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
United States Sells Luxury Yacht Amadea, Valued at Approximately $325 Million, in First Sale of a Seized Russian Yacht Since the Invasion of Ukraine
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Russia Formally Recognizes Taliban Government in Afghanistan
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Germany Seeks Taliban Deal to Deport Afghan Migrants
Emirates Airline Expands Market Share with New $20 Million Campaign
Robots Compete in Football Tournament in China Amid Injuries
×