Jared Kushner Net Worth: U.S. businessman and investor Jared Kushner.
Jared Kushner is the son of the late real estate mogul Charles Kushner and the husband of former first daughter and Trump advisor Ivanka Trump.
In this article, we’ll tell you all about Jared Kushner’s money, cars, and mansion, as well as his investments.
Jared Kushner Early Life
It was in Livingston, New Jersey, on January 10th, 1981, that Jared Corey Kushner entered the world. Jared’s dad, Charles Kushner, is an influential businessman in the real estate industry. Jared, who was raised in a Jewish household, enrolled at Harvard in 1999.
According to one journalist, Jared’s father donated $2.5 million to get his son in. Jared Kushner received his BA in government from Harvard in 2003.
Soon after, in 2007, he graduated from New York University with a Juris Doctor and a Master of Business Administration.
Kushner reportedly made millions in real estate deals while still in college.
- Chris Cuomo Net Worth 2022 And Everything You Want To Know
- Markiplier Net Worth And Everything You Want To Know (2022 Updated)
Observer Of New York
For $10 million in 2006, Jared Kushner became the proud owner of the New York Observer.
The arrangement was reportedly arranged by Jared’s father as a birthday present. The New York Observer, which had been losing money, turned a profit again thanks to Kushner’s management.
According to reports from that year, internet traffic had increased by about 600 percent in the preceding three years.
Jared Kushner left his position as managing editor of the New York Observer in 2017 to work in the Trump administration.
Politics as a Profession
The beginning of Jared Kushner’s political career coincided with Donald Trump’s first serious consideration of a presidential run.
In the early days of Trump’s campaign, Jared was one of the most hands-on managers.
Kushner had a pivotal role in shaping Trump’s online identity.
Kushner was given a top-secret clearance and kept his prominent position in the administration after Trump’s victory. After some time, he became the President’s top advisor.
A Word About The Kushner Companies
The Kushner Companies, Jared’s family business, manages real estate assets around the country valued at over $7 billion. In 2007, Jared handled the acquisition of 666 Fifth Avenue, a medium-sized New York City office skyscraper.
To beat out other investors and get the deal done, he paid an “unconventional” price of $1.8 billion.
In spite of this, he was compelled to borrow the remaining $1.75 billion from lenders because he had only put up $50 million in equity.
In order to maintain a manageable loan-to-value (LTV) ratio, these lenders insisted that Jared increase rents to the building by a factor of two.
At age 26, not long after taking over the family firm, Jared oversaw this transaction.
Given that his father had been convicted of tax evasion, witness tampering, and other felonies, he took on a more prominent role in the business.
After Charles Kushner was sentenced to federal prison in 2005, his brother Jared assumed leadership of the family business and handled numerous new ventures, including the acquisition of 666 Fifth Avenue.
Within his first decade at the helm, Jared managed the company’s investment of over $7 billion in real estate projects, including this one.
In the midst of the 2008 real estate meltdown, Kushner Cos. lost $90 million on its investment in the skyscraper because of its negative performance. Jared’s father encouraged him to begin selling off pieces of the building’s ownership.
Jared divested himself of his ownership position in 2017 and negotiated a $1 billion bailout with Brookfield Asset Management, a corporation owned by the government of Qatar.
As of early 2019, it was reported that real estate firm Kushner Cos. had paid $1.15 billion to acquire a large portfolio of apartments.
Kushner Companies made their largest purchase in over a decade with the acquisition of the rental properties.
Jared Kushner Net Worth
Jared Kushner Net Worth: American real estate mogul Jared Kushner is a Net Worth of an estimated $800 million.
Jared Kushner is well-known for his ties to the Trump administration and his marriage to Ivanka Trump.
Even before Trump’s victory, Jared’s name was widely recognized in the property development community.
Jared Kushner reportedly sold his shares in the real estate startup Cadre in 2020.
The company’s sole focus is to take advantage of a tax relief that President Trump established in 2017.
Considering Jared’s close friendship with Donald, many people questioned whether or not he should be working for Cadre to avoid a conflict of interest.
Because of this potential windfall of $25-$50 million, Kushner likely decided to cash out his Cadre investment.
Revenue From Westminster Management
Jared made $1.5 million from April 2017 to June 2018 while working for Westminster Management, which manages twenty thousand apartments in New York, Maryland, New Jersey, Pennsylvania, and Ohio.
Trust For The Beneficiaries
Jared and Ivanka have a $740 million real estate and investment business trust, according to their financial report from April 2017.
The figure was revised downward to $710 million in a public statement made in June of 2018.
Jared Kushner Relationships
Jared Kushner and Ivanka Trump wed in 2009. They had a Jewish wedding, and Ivanka eventually became Jewish. They’ve been together for a while and have managed to have three kids so far.
Pieces Of Art
According to reports, Ivanka and Jared have a $25 million art collection. Reportedly, the couple is more interested in works by emerging artists.
Value Of Ivanka Trump Property
Ivanka Trump, Jared Kushner’s wife, disclosed $55 million in assets as part of a financial disclosure agreement in 2018.
Furthermore, she disclosed a yearly income of $135 million in 2018.
She was given a $2 million severance when she departed the Trump Organization after her father’s inauguration.
According to a 2018 New York Times investigation, Jared reported controlling real estate holdings worth $372 million in 2016.
It was reported in 2019 that Ivanka Trump and Jared Kushner were spending $15,000 a month on a 7,000-square-foot condo in Washington, DC.
Jared and Ivanka purchased a 1.8-acre block of land on Miami’s ultra-exclusive private island of Indian Creek for $30 million in December 2020.
Julio Iglesias, the Latin pop star, was the pitchman. In two separate deals, Julio assembled the land for the development.
To start, he had lived in the same mansion for many years on the same piece of land. After demolishing the mansion, he spent another $15.2 million in 2008 to purchase the adjacent land, expanding the size of his nearly 2-acre barren oceanfront plot.
Beyoncé and Jay-Z aren’t the only famous people who live on the island; Eddie Lampert, a millionaire hedge fund manager, Don Shula, a former NFL coach, and supermodel Adriana Lima are also regulars.
The island is so exclusive and private that visitors require formal permission from a property owner before setting foot on the island, and even then they are not permitted to leave their vehicles or enter any building other than the one to which they have been invited.
About 40 permanent residents live on the island, which is patrolled by 14 cops. The “billionaire bunker” is a widespread name for the island.
- 1 Jared Kushner Early Life
- 2 Observer Of New York
- 3 Politics as a Profession
- 4 A Word About The Kushner Companies
- 5 Jared Kushner Net Worth
- 6 Cadre
- 7 Revenue From Westminster Management
- 8 Trust For The Beneficiaries
- 9 Jared Kushner Relationships
- 10 Pieces Of Art
- 11 Value Of Ivanka Trump Property
- 12 Actual Property