You're right, ,they invested their money (2 BILLION) with Kushner's firm, even though many have said that it was a bad investment. And, even if the deal goes south, Kushner himself is still going to make 25 million off the deal for himself.
“The reason this smells so bad is that there is all sorts of evidence he did not receive this on the merits.”
www.vanityfair.com
So, it wasn’t that difficult for people to put two and two together and infer that Kushner’s firm seemingly got $2 billion to invest—and at least $25 million to pocket regardless of performance!—as a thank-you for being so good to a human rights-abusing autocrat. And a new story from the Times suggests, somehow, even further shadiness than that.
Interestingly enough, Kushner formed that firm shortly after he left the WH.
Kushner formed an investment firm right after Trump left office, and six months later, the sovereign wealth fund of Saudi Arabia, controlled by the crown prince, invested $2 billion.
www.nbcnews.com
WASHINGTON — The House Oversight Committee has launched an investigation into a $2 billion investment by the Saudi government into a firm formed by Jared Kushner after he left the White House last year.
And, the person who forced the deal through was the Saudi prince (who had Kashoggi killed), which Kushner had spent most of his time in the WH defending. Kushner's firm was also widely regarded as a shaky investment because of their inexperience................
Before committing $2 billion to Mr. Kushner’s fledgling firm, officials at a fund led by the Saudi crown prince questioned taking such a big risk.
www.nytimes.com
Six months after leaving the White House, Jared Kushner secured a $2 billion investment from a fund led by the Saudi crown prince, a close ally during the Trump administration, despite objections from the fund’s advisers about the merits of the deal.
A panel that screens investments for the main Saudi sovereign wealth fund cited concerns about the proposed deal with Mr. Kushner’s newly formed private equity firm, Affinity Partners, previously undisclosed documents show.
Those objections included: “the inexperience of the Affinity Fund management”; the possibility that the kingdom would be responsible for “the bulk of the investment and risk”; due diligence on the fledgling firm’s operations that found them “unsatisfactory in all aspects”; a proposed asset management fee that “seems excessive”; and “public relations risks” from Mr. Kushner’s prior role as a senior adviser to his father-in-law, former President Donald J. Trump, according to minutes of the panel’s meeting last June 30.
But days later the full board of the $620 billion Public Investment Fund — led by Crown Prince Mohammed bin Salman, Saudi Arabia’s de facto ruler and a beneficiary of Mr. Kushner’s support when he worked as a White House adviser — overruled the panel.
Saudis said it was a bad deal, but they were overruled by bin Salman, who was the leader and the beneficiary of Kushner's support. Yeah...............nothing to see here, right?