Jared Kushner at the U.S. Embassy in Jerusalem, December 21, 2020 (U.S. Embassy Jerusalem/Wikimedia Commons)
Jared Kushner's investment fund, Affinity Partners, and its ties to Saudi Arabia not only drew scrutiny from Democrats; even conservative Rep. James Comer (R-Kentucky) warned that it "crossed the line of ethics." According to Mother Jones' Casey Michel, Kushner was "denied top-secret clearance" — that is, until his father-in-law, President Donald Trump, stepped in and "overruled intelligence officials."
"Of course, it wasn't just Saudi Arabia that saw Kushner as a pliable source of influence," Michel explains in Mother Jones. "The United Arab Emirates, whose own despot had cultivated Kushner years before, began tossing money at Affinity Partners around the same time. So did the Qatari regime, which slipped back into America's good graces as it was helping bail out Kushner's family company. To date, firms linked to the UAE and Qatar have invested at least $1.5 billion in Kushner's fund. With more modest infusions from smaller investors, nearly all foreign, Affinity's asset pool grew and grew, topping $6 billion and generating more than $100 million in management fees for Kushner and his partners…. The investments themselves weren't enough of an ethical hornet's nest, the contracts Affinity signed give the regimes troubling leverage over Kushner."
Michel adds, "They allow investors to pull out after a five-year window, which means Saudi Arabia and Qatar have the power to implode Affinity in the middle of Trump's second term, decimating Kushner’s standing — a financial sword of Damocles that, by extension, dangles over the federal government."
A former White House official, interviewed on condition of anonymity, told Mother Jones, "There was a risk the Saudis were playing him."
Michel notes that according to NBC News, Kushner's application for a top-secret security clearance was initially rejected because of fears "about potential foreign influence." But when Trump overruled intelligence officials, Kushner was, Michel reports, granted "access to America's most closely held secrets."
"As MBS (Saudi Crown Prince Mohammed bin Salman) tucked Kushner further into his pocket," Michel reports, "other regimes tried to replicate the Saudi success. One year into Trump's first term, U.S. intelligence analysts reported that officials from a range of foreign countries had 'privately discussed ways they can manipulate Jared Kushner,' the Washington Post noted, 'by taking advantage of his complex business arrangements, financial difficulties, and lack of foreign policy experience.' They'd hit on the same conclusion as MBS: Kushner was tractable, and perhaps the best vector for influencing Trump."
Michel continues, "One of those countries was Israel…. Russia had a similar epiphany. Once Trump was sworn in, Kushner became a Kremlin target second only to Trump himself. President Vladimir Putin, federal documents show, tasked businessman Kirill Dmitriev with courting top White House officials, and Dmitriev took a particular interest in Kushner."
According to Michel, "Kushner's assertion" that he "would play no role in a second administration crumbled as soon as Trump returned to power" — and foreign powers have been "quick to recapitalize on his proximity to the throne."
"(Kusner) and his partners are traveling the world, gleefully raking in cash as they cultivate relationships with sordid regimes and kleptocratic leaders in the interest of making a buck," Michel warns. "The world burns, and Jared Kushner gets richer."
