Jared Kushner, former top White House adviser to President Donald Trump, who helped manage Middle East policy for his father-in-law, is set to launch a new investment firm at his new home in Miami with offices in Israel.
The move could put Kushner, who was a key adviser to Trump’s 2016 presidential campaign, out of politics for the foreseeable future, sources familiar with the plan said Wednesday.
The move takes Kushner away from real estate, where he took on an empire built by his own father, and links him to a region where he helped key allies sign the Abraham Peace Accords and forge new commercial ties with Israel. .
Jared Kushner, former Trump White House adviser, launches new investment firm with offices in Israel and the Persian Gulf after helping broker the Abraham Accords between Israel and some of its Arab neighbors
Kushner, the former chief executive of Kushner Companies who served as senior adviser to the Republican president in the White House, is in the final stages of launching an investment company called Affinity Partners, which sources say will be headquartered in Miami.
The revelations come as Kushner and Ivanka have each played quiet public roles since the January 6 Capitol uprising and the election of Donald Trump negates the effort.
This week, the Washington Post editorial board called for a select committee investigating the riots to subpoena Jared and Ivanka to answer questions about what Trump has new about the mob that stormed the Capitol.
Kushner has also worked on a book on his White House tenure, advising Trump on nearly all of his top priorities.
It’s scheduled to come out in 2022, and he reportedly got a seven-figure advance, CNN reported.
Jared Kushner, senior White House adviser, stands among Saudi officials as President Donald Trump talks with Crown Prince Mohammad bin Salman of the Kingdom of Saudi Arabia during a meeting at the Oval Office at the White House on Tuesday, March 20, 2018 in Washington,
Kushner has been an unpaid adviser to the president on a range of key issues
Ivanka Trump wears a yellow cropped sundress as she takes a walk with husband Jared Kushner and their kids in Miami
Kushner’s close relations with Saudi Crown Prince Mohammed bin Salman became problematic after the brutal murder of journalist Jamal Khashoggi
Kushner, who is married to Trump’s daughter, Ivanka Trump, also plans to open an office in Israel to pursue regional investments to connect Israel’s economies, as well as North Africa and the Gulf, said two people who were informed about the plan. on condition of anonymity.
The sources had no details about potential investors and said the company was still in the planning stage.
Kushner has spent the past six months writing a book with his family in Miami about his experiences at the White House, which is expected to be published early next year.
Kushner helped negotiate deals between Israel and the United Arab Emirates, Bahrain, Sudan and Morocco over a six-month period last year. He also helped negotiate a new trade agreement between the US and Mexico-Canada.
The Middle East deals, known as the Abraham Accords, are among some of Trump’s substantial diplomatic achievements — though Israel’s war with Hamas left critics questioning whether the Palestinian issue was being neglected.
Kushner’s close relations with Saudi Crown Prince Mohammed bin Salman also drew criticism from Congress after the brutal murder of Saudi dissident Jamal Khashoggi.
Kushner remains close to his father-in-law, the sources said, but by re-entering the private sector, he is stepping out of politics for the foreseeable future.
The Republican Party is divided over the deadly attacks on the US Capitol on January 6 by Trump supporters and Trump’s false claims that he defeated Democrat Joe Biden in the 2020 presidential election.
Kushner and his family spent the summer as Trump’s neighbor at Trump’s golf course in Bedminster, New Jersey.
People close to the former president say he is strongly considering running another Republican nomination in 2024.