this post was submitted on 15 Aug 2023
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Leopards Ate My Face
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Saudi money will be in at any moment. They threw $2 Billion at Jared for “no apparent reason”.
Oh there's a reason, we just don't know.
It’s very sus.
Jared Kushner received a $2 billion investment from the Saudi Arabian sovereign wealth fund for his newly formed private equity firm[1][3][5]. The investment came six months after Kushner left the White House[5]. Kushner had been seeking a Saudi investment, and the internal fund records and correspondence obtained by The New York Times show the outcome, scale, and timing of his firm's deal as well as the debate it aroused[1]. Kushner had helped broker $110 billion in weapons sales to Saudi Arabia over 10 years while he was in the government, and he had set up a nonprofit to promote economic and other ties between the countries after leaving the government[1][2]. The House Oversight Committee has launched an investigation into the $2 billion investment by the sovereign wealth fund of Saudi Arabia into Kushner's firm Affinity[4]. The investigation will help inform the committee about whether federal ethics laws need to be strengthened so that senior public officials can't take advantage of their government roles to benefit financially[4].
Citations: [1] https://www.nytimes.com/2022/04/10/us/jared-kushner-saudi-investment-fund.html [2] https://www.bloomberg.com/opinion/articles/2022-04-11/how-did-jared-kushner-get-2-billion-from-the-saudis [3] https://www.vanityfair.com/news/2022/05/jared-kushner-affinity-partners-saudi-arabia [4] https://www.nbcnews.com/politics/congress/house-oversight-investigating-2b-saudi-investment-jared-kushners-firm-rcna31805 [5] https://www.msnbc.com/rachel-maddow-show/maddowblog/jared-kushners-money-saudi-arabia-comes-sharper-focus-rcna70367 [6] https://www.rollingstone.com/politics/politics-news/jared-kushner-saudi-arabia-investment-mohammad-bin-salman-1335649/
Eh, it depends on how much they feel like backing a losing horse.