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Wednesday, May 22, 2024

As Kushner’s Investment Firm Steps Out, the Potential Conflicts Are Growing

 
Jared Kushner’s investment fund is not especially large by global finance standards. But as he gets it fully up and running, each step is bringing with it ethical issues that would only grow if his father-in-law, Donald J. Trump, should win another term as president.
 
His $3 billion fund is financed almost entirely from overseas investors with whom he worked when he served as a senior adviser in the Trump White House. He has taken money from government wealth funds in Saudi Arabia, Qatar and the United Arab Emirates, as well as from Terry Gou, a founder of Foxconn, the Taiwan-based electronics manufacturer, whose role in Mr. Kushner’s firm has not been previously disclosed.
 
In total, 99 percent of the money placed with him by investors has come from foreign sources, according to a filing with the Securities and Exchange Commission…
 

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