Jared Kushner’s Financial Empire: Billions in Assets Under Management from Gulf Sovereign Wealth Funds During the 47th Presidency
Jared Kushner, son-in-law of President Donald Trump and informal adviser in the second Trump administration, controls a private equity firm that grew its assets under management to 6.2 billion dollars by the end of 2025. Affinity Partners, founded in 2021 after the first Trump term, derives nearly 99 percent of its capital from non-U.S. investors, primarily government-backed funds from Saudi Arabia, the United Arab Emirates, and Qatar. Regulatory filings document the surge from approximately 3 billion dollars at the start of 2024 to 4.8 billion dollars by the end of that year, then to 6.2 billion dollars at year-end 2025, reflecting both new capital commitments and investment gains. Kushner owns 100 percent of the firm, valued at approximately 215 million dollars as of mid-2025, up from 170 million dollars earlier that year. This stake forms a core component of his…


