Report: Kushner's Family Company Expanded Business With Israel After He Entered White House

According to the New York Times, Israeli insurance giant Menorah Mivtachim invested $30m in a Kushner family-controlled real estate project in Maryland in spring 2017

Amir Tibon
Amir Tibon
Send in e-mailSend in e-mail
Jared Kushner and Ivanka Trump make their way to board Air Force One before departing from Israel's Ben-Gurion International Airport, May 23, 2017.
Jared Kushner and Ivanka Trump make their way to board Air Force One before departing from Israel's Ben-Gurion International Airport, May 23, 2017.Credit: MANDEL NGAN/AFP
Amir Tibon
Amir Tibon

WASHINGTON - While Jared Kushner, U.S. President Donald Trump's son-in-law and senior adviser, is working on Israel policy at the White House, his family's real estate company is expanding its business connections in Israel, according to a report published on Sunday by the New York Times.

The report stated that in the spring of 2017, one of Israel's largest financial institutions, insurance giant Menorah Mivtachim, invested $30 million in a real estate project in Maryland controlled by Kushner's family firm. Kushner, according to the report, still has stakes in that specific project despite the fact that he sold some of his business holding upon entering the White House.

"The business dealings don’t appear to violate federal ethics laws," the report stated, adding that "no evidence has emerged that Mr. Kushner was personally involved in brokering the deal" with Menorah. Yet the New York Times warned that "the arrangement could undermine the ability of the United States to be seen as an independent broker in the region," as the Palestinians and other regional players could claim that the Kushner family's business interests in Israel hurt the United States' supposed role as an "honest broker."

A White House spokesperson responded that Trump has "tremendous confidence in the job Jared is doing leading our peace efforts," adding that Kushner "takes the ethics rules very seriously and would never compromise himself or the administration.” Menorah said that the deal with the Kushner family company "was not not done because of the so-called connections of Jared Kushner or Donald Trump."

The report stated that Kushner "resigned as chief executive of Kushner Companies when he joined the White House last January. But he remains the beneficiary of a series of trusts that own stakes in Kushner properties and other investments. Those are worth as much as $761 million, according to government ethics filings, and most likely much more."

Click the alert icon to follow topics:



Automatic approval of subscriber comments.
From $1 for the first month

Already signed up? LOG IN


Charles Lindbergh addressing an America First Committee rally on October 3, 1941.

Ken Burns’ Brilliant ‘The U.S. and the Holocaust’ Has Only One Problem

The projected rise in sea level on a beach in Haifa over the next 30 years.

Facing Rapid Rise in Sea Levels, Israel Could Lose Large Parts of Its Coastline by 2050

Tal Dilian.

As Israel Reins in Its Cyberarms Industry, an Ex-intel Officer Is Building a New Empire

Queen Elizabeth II, King Charles III and a British synagogue.

How the Queen’s Death Changes British Jewry’s Most Distinctive Prayer

Newly appointed Israeli ambassador to Chile, Gil Artzyeli, poses for a group picture alongside Rabbi Yonatan Szewkis, Chilean deputy Helia Molina and Gerardo Gorodischer, during a religious ceremony in a synagogue in Vina del Mar, Chile last week.

Chile Community Leaders 'Horrified' by Treatment of Israeli Envoy

Queen Elizabeth attends a ceremony at Windsor Castle, in June 2021.

Over 120 Countries, but Never Israel: Queen Elizabeth II's Unofficial Boycott