How did Jared Kushner get 2 billion dollars? This question has intrigued many as the son-in-law of President Donald Trump and a successful real estate developer, Kushner’s wealth has grown significantly over the years. In this article, we will explore the various sources of his wealth and how he managed to accumulate such a substantial fortune.
Jared Kushner’s journey to amassing a 2 billion dollar fortune began with his family’s real estate empire. Born into a wealthy Jewish family, Kushner’s grandfather, Joseph Kushner, founded the Kushner Companies in the 1970s. The company started as a small retail operation but quickly expanded into a diversified real estate development and investment firm. As a member of the family, Kushner was exposed to the world of real estate from a young age.
Early Investments and Success
Kushner’s first significant investment came in 2003 when he and his brother, Joshua, purchased the New York Observer, a weekly newspaper. This move was seen as a bold and strategic venture, as it allowed the Kushner family to gain influence in the media industry. The newspaper was later sold for a profit, which contributed to Kushner’s growing wealth.
In 2007, Kushner and his brother invested in a New York City residential building project called 666 Fifth Avenue. The project was initially met with skepticism due to its high price tag and the economic downturn at the time. However, the brothers managed to secure financing and complete the project, which turned out to be a success. The building, known as the Kushner Building, became a symbol of their entrepreneurial spirit and contributed significantly to their wealth.
Political Connections and the Trump Administration
Jared Kushner’s political connections played a crucial role in his rise to wealth. In 2009, he joined the Trump Organization, where he worked closely with Donald Trump Jr. and Ivanka Trump. This association allowed Kushner to gain valuable insights into the world of politics and business, which would prove beneficial in his future endeavors.
In 2017, Kushner’s political ties took a significant turn when he became a senior advisor to President Trump. As a member of the administration, Kushner was involved in various high-profile projects, including the proposed infrastructure plan and the Middle East peace process. His role in the administration not only solidified his political influence but also provided him with opportunities to further his business interests.
Controversies and Challenges
While Jared Kushner’s wealth has grown exponentially, it has not been without controversy. His business practices, particularly those involving the Kushner Companies, have faced scrutiny and legal challenges. In 2019, the company agreed to pay $90 million to settle a lawsuit alleging violations of the Fair Housing Act.
Moreover, Kushner’s role in the Trump administration has been marred by numerous controversies, including the firing of FBI Director James Comey and the Mueller investigation. Despite these challenges, Kushner has managed to maintain his position in the administration and continue his business ventures.
Conclusion
In conclusion, Jared Kushner’s accumulation of a 2 billion dollar fortune can be attributed to a combination of his family’s real estate empire, strategic investments, and political connections. While his journey has been marked by both success and controversy, it is clear that Kushner’s entrepreneurial spirit and political acumen have played a significant role in his rise to wealth. As he continues to navigate the complex world of politics and business, the question of how he got so rich remains a topic of interest for many.
