Jared Kushner, a former top White House advisor President Donald Trump who helped manage Middle East policy for his father-in-law, is set to launch a new investment firm based in his new home in Miami with offices in Israel.
The move could take Kushner, who served as a key advisor for Trump’s 2016 presidential campaign, away from politics for the foreseeable future, sources familiar with the plan said on Wednesday.
The move takes Kushner away from real estate, where he took on an empire built by his own father, and connects him to a region where he helped coax key allies toward inking the Abraham Peace Accords forging new commercial ties with Israel.
Former Trump White House advisor Jared Kushner is launching a new investment firm with offices in Israel and the Persian Gulf, after helping broker the Abraham Accords between Israel and some of its Arab neighbors
Kushner, the former chief executive of Kushner Companies, who served as the Republican president’s senior adviser in the White House, is in the final stages of launching an investment firm called Affinity Partners that will be headquartered in Miami, according to sources.
The revelations come as Kushner and Ivanka have each taken quiet public roles since the January 6th Capitol riot and Donald Trump’s election overturn efforts.
This week the Washington Post editorial board called for a select committee probing the riot to subpoena Jared and Ivanka to answer questions about what Trump new about the mob that stormed the Capitol.
Kushner has also been working on a book about his White House tenure, where he advised Trump on almost all of his key priorities.
It is set to come out in 2022, and he reportedly got a seven-figure advance, CNN reported.
White House senior adviser Jared Kushner stands among Saudi officials as President Donald Trump talks with Crown Prince Mohammad bin Salman of the Kingdom of Saudi Arabia during a meeting in the Oval Office at the White House on Tuesday, March 20, 2018 in Washington,
Kushner served as an unpaid advisor to the president on a raft of key issues
Ivanka Trump wears a yellow cutout sundress as she takes a walk with husband Jared Kushner and their children in Miami
Kushner’s tight relations with Saudi Arabia’s Crown Prince Mohammed bin Salman became problematic after the brutal murder of journalist Jamal Khashoggi
Kushner, who is married to Trump’s daughter, Ivanka Trump, is also looking to open an office in Israel to pursue regional investments to connect Israel´s economy and India, North Africa and the Gulf, said two people briefed on the plan, who spoke on condition of anonymity.
The sources had no details about potential investors and said the firm was still in the planning phase.
Kushner has spent the last six months with his family in Miami writing a book about his White House experiences that is expected to be published early next year.
Kushner helped broker deals between Israel and the United Arab Emirates, Bahrain, Sudan and Morocco in a six-month flurry last year. He also helped negotiate a new U.S.-Mexico-Canada trade agreement.
The Middle East deals, known as the Abraham Accords, rank among some of Trump’s substantial diplomatic achievements – although Israel’s war with Hamas caused critics question whether the Palestinian issue was neglected.
Kushner’s close relations with Saudi Crown Prince Mohammed bin Salman also drew congressional scrutiny after the brutal murder of Saudi dissident Jamal Khashoggi.
Kushner remains close with his father-in-law, the sources said, but by re-entering the private sector he is stepping away from politics for the foreseeable future.
The Republican Party has been divided over the deadly attacks on the U.S. Capitol on Jan. 6 by Trump supporters, and Trump’s false claims that he beat Democrat Joe Biden in the 2020 presidential election.
Kushner and his family have been spending the summer as Trump’s next-door neighbor at Trump’s golf property in Bedminster, New Jersey.
People close to the former president say he is strongly considering another run for the Republican nomination in 2024.