Jared Kushner
Jared Kushner
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Jared Kushner
Jared Corey Kushner (born January 10, 1981) is an American businessman, investor and political operative. He is principal owner of the real estate holding

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Jared Kushner Kushner in 2008 Born Jared Corey Kushner
(1981-01-10) January 10, 1981 (age 35)
Livingston, New Jersey, United States Residence Manhattan, New York Education Frisch School
Harvard University (B.A., 2003)
New York University (J.D./M.B.A.) Known for Co-owner of Kushner Companies
Owner of the New York Observer Religion Judaism Spouse(s) Ivanka Trump (m. 2009) Children 3 Parent(s) Charles Kushner (father)
Seryl (Stadtmauer) Kushner (mother) Relatives Joshua Kushner (brother)
Donald Trump (father-in-law)
Ivana Trump (mother-in-law)

Jared Corey Kushner (born January 10, 1981) is an American businessman, investor and political operative. He is principal owner of the real estate holding and development company Kushner Properties and the newspaper publishing company the New York Observer. He is the son of American real estate developer Charles Kushner and is married to Ivanka Trump, the daughter of Donald Trump. He is among the top advisors of Donald Trump's presidential campaign, and the architect of Trump's digital media campaign.

From 2007 to 2016, he spent at least $7 billion on New York real estate. In 2007, at age 26, he made the most expensive single-building property purchase in US history. In 2011, Kushner brought in Vornado Realty Trust as a 50% equity partner in the ownership of the building.

Contents
  • 1 Early life and education
  • 2 Business career
    • 2.1 Real estate
    • 2.2 Newspaper publishing
    • 2.3 Los Angeles Dodgers bid
  • 3 Political activity
    • 3.1 Donald Trump presidential campaign
  • 4 Personal life
  • 5 References
  • 6 External links

Early life and education

Kushner is the eldest son of Seryl (née Stadtmauer) and real estate developer Charles Kushner. He has a brother, Joshua (also a businessman) and two sisters, Nicole and Dara. He is also a nephew of Murray Kushner, the owner of Kushner Real Estate Group, although that business has no relation to Kushner Companies, after Murray Kushner started the new company in 2000.

Kushner was raised in an Orthodox Jewish family in New Jersey. He graduated from the Frisch School, a private, coed yeshiva high school in Paramus, New Jersey, and from Harvard University in 2003 with an A.B. in sociology. According to journalist Daniel Golden, Kushner and his brother Joshua Kushner were admitted after their father had made a $2.5 million donation to the university. While a student at Harvard, Kushner was a member of the Fly Club and bought and sold buildings in Somerville, Massachusetts as a hobby earning a $20 million profit.

In 2007, Kushner graduated from New York University where he earned his J.D. degree and his M.B.A. degree; His father had previously made a $3 million donation to NYU in 2001. He interned at Manhattan District Attorney Robert Morgenthau's office.

Business career Real estate Kushner purchased 666 Fifth Avenue in 2007 for $1.8 billion, the most expensive single property purchase in US history at the time. In May 2015, Kushner purchased a majority stake of the Times Square Building for $295 million.

Kushner is an active real estate investor and has increased the Kushner Companies presence in the New York City real estate market as a principal in his family's real estate company. Kushner's father, Charles, was arrested on charges of tax evasion, illegal campaign donations and witness tampering in 2004 and was eventually convicted of the above-mentioned charges.

In 2007, Jared persuaded his father to sell their mid-Atlantic holdings to AIG, for $1.9 billion, at the end of the bubble. This deal earned the family a profit of $1 billion. Jared assumed the role of CEO of Kushner Properties in 2008.

He is most well known for purchasing the office building at 666 Fifth Avenue in 2007, for a then-record price of $1.8 billion, most of it borrowed. At the age of 26, Kushner had made the most expensive single property purchase in US history. The majority of the transaction took place in less than a week. Kushner said: “In New York, you have to act quickly, or else you get left in the dust. We were just blown away by it, and we really wanted to buy it.” However, with the property crash in 2008 the cash flow generated by the property was insufficient to cover its debt service, and the Kushners were in two transactions forced to sell the retail portion in the building to Stanley Chera for over $1 billion and bring in Vornado Realty Trust as a 50% equity partner in the ownership of the building.

On August 18, 2014, Kushner acquired a three-building apartment portfolio in Middle River, Maryland for $37.9 million with Aion Partners. In 2013–14, Kushner remained an active buyer of multifamily properties in New York, New Jersey and the Baltimore area, and his company acquired more than 11,000 units throughout the three states in this period. In May 2015, he purchased 50.1% of the Times Square Building from Africa Israel Investments Ltd. for $295 million.

Newspaper publishing

In July 2006, at age 25, Kushner purchased the New York Observer, a weekly New York City newspaper, for $10 million, using money he says he earned during his college years by closing deals on residential buildings in Cambridge, Massachusetts, with family members providing the backing for his investments.

Since purchasing the Observer, he has pushed for changes to increase sales and moved towards a tabloid format. Kushner has been credited with increasing the Observer's online presence and expanding the Observer Media Group. In December 2011, The New York Post reported that the Observer expected to become profitable for the first time. According to Vanity Fair, under Kushner, the "Observer has lost virtually all of its cultural currency among New York’s elite, but the paper is now profitable and reporting traffic growth... boasts 6 million unique visitors per month, up from 1.3 million in January 2013."

In April 2016, the New York Observer became one of a handful of newspapers to officially endorse United States presidential candidate Donald Trump.

Los Angeles Dodgers bid

In February 2012, he put in a bid to acquire the MLB team the Los Angeles Dodgers. He later withdrew his bid in March 2012.

Political activity

Between 1991-2006, Kushner was a contributor to the Democratic Party: he contributed over $100,000 to various campaigns in this time period.

Donald Trump presidential campaign

From the outset of the presidential campaign of his father-in-law Donald Trump, Kushner was the architect of Trump's digital, online and social media campaigns, enlisting talent from Silicon Valley to run a 100 person social-media team dubbed 'Project Alamo'. Kushner has also helped as a speechwriter and was tasked with working to establish a plan for Trump's White House transition team should he be elected. He was for a time seen as the de facto campaign manager, succeeding Corey Lewandowski, who was fired in part on Kushner's recommendation in June 2016, He has been intimately involved with campaign strategy, coordinating Trump's visit in late August to Mexico. Kushner's "sprawling digital fundraising database and social media campaign" has been described as "the locus of his father-in-law’s presidential bid".

On July 5, 2016 Kushner penned an open letter in the New York Observer in response to a Tweet released by the Trump campaign containing allegedly antisemitic imagery. He was responding to his own paper's editorial by Dana Schwartz criticizing Kushner's involvements with the Trump campaign. In the letter, Kushner noted, "In my opinion, accusations like “racist” and “anti-Semite” are being thrown around with a carelessness that risks rendering these words meaningless."

Personal life

Kushner married Ivanka Trump, daughter of businessman Donald Trump, in a Jewish ceremony on October 25, 2009. Ivanka Trump converted to Modern Orthodox Judaism before marrying Kushner. The couple have three children.

References
  1. ^ Stokols, Eli (July 15, 2016). "With Pence, Trump plays to win". Politico.com. Retrieved September 30, 2016. 
  2. ^ WAS DONALD TRUMP’S SON-IN-LAW THE EVIL GENIUS ALL ALONG? BY EMILY JANE FOX, Vanity Fair, OCTOBER 27, 2016
  3. ^ "Meet Trump's new power behind the throne - his son-in-law. Ivanka's husband Jared Kushner is now a key adviser and helped write latest attack on the Clintons". DailyMail.co.uk. Associated Press. 9 June 2016. Retrieved September 30, 2016. 
  4. ^ a b c d Piore, Adam (October 22, 2007). "Behind the record deal for 666 Fifth Avenue". The Real Deal. Korangy Publishing Inc. Retrieved September 30, 2016. 
  5. ^ a b Agovino, Theresa (September 13, 2011). "Private equity outfit signs on at 666 Fifth". Crain's New York Business. Retrieved October 21, 2011. 
  6. ^ Salkin, Allen (March 11, 2007). "The Education of a Publisher". The New York Times. Retrieved November 29, 2007. 
  7. ^ "". New York. 42. New York: New York Magazine Company. July 20, 2009. p. 24. 
  8. ^ a b c Sherman, Gabriel (July 12, 2009). "The Legacy". New York. Retrieved January 3, 2015.  Cite error: Invalid <ref> tag; name "nymag2009" defined multiple times with different content (see the help page). Cite error: Invalid <ref> tag; name "nymag2009" defined multiple times with different content (see the help page).
  9. ^ "Citizen Kushner". The New York Times. June 24, 2011. Retrieved January 3, 2015. 
  10. ^ Beam, Alex (September 4, 2006). "Harvard's admissions of gilt". The Boston Globe. Retrieved January 7, 2008. 
  11. ^ Early, Cormac A. (October 4, 2006). "Harvard, to the Highest Bidder". The Harvard Crimson. Retrieved 2016-01-02. 
  12. ^ a b Golden, Daniel (2009-01-21). The Price of Admission: How America's Ruling Class Buys Its Way into Elite Colleges--and Who Gets Left Outside the Gates. Crown/Archetype. ISBN 9780307497376. 
  13. ^ Widdicombe, Ben; Piazza, Jo; Rovzar, Chris; Newman, Deborah (August 23, 2006). "Gatecrasher. Getting Ahead the Old-School Way?". New York Daily News. Retrieved September 30, 2016. 
  14. ^ Widdicombe, Lizzie (August 22, 2016). "Ivanka and Jared's Power Play". The New Yorker. Retrieved September 30, 2016. 
  15. ^ Seelye, Katharine Q. (July 22, 2006). "Developer's Son Negotiating to Buy New York Observer". The New York Times. Retrieved September 30, 2016. 
  16. ^ Adi Ben-Israel,Africa Israel sells Times Square building for $295m, May 14, 2015.
  17. ^ "Kushner Quietly Raising His Stake in Manhattan". The New York Sun. Retrieved August 4, 2006. 
  18. ^ Clarke, Katherine (February 1, 2014). "Jared Kushner, the accidental CEO". The Real Deal. Retrieved June 8, 2014. 
  19. ^ The Real Deal: "$1.3B sale of 650 Madison hinges on dramatic increase in retail value, sources say" by Adam Pincus June 03, 2013
  20. ^ Kevin Litten (August 18, 2014). "Donald Trump's son-in-law buys 3 Middle River apartment complexes". Bizjournal. Retrieved August 20, 2014. 
  21. ^ Adi Ben-Israel,Africa Israel sells Times Square building for $295m, May 14, 2015.
  22. ^ Seelye, Katharine Q. (July 31, 2006). "Developer’s Son Acquires The New York Observer". The New York Times; retrieved January 8, 2008.
  23. ^ "Kushner Buys NY Observer | News | The Harvard Crimson". www.thecrimson.com. Retrieved 2016-01-02. 
  24. ^ Teodorczuk, Tom (November 9, 2008). "An accidental proprietor". The Guardian (London); retrieved October 21, 2011.
  25. ^ "We've Got the BetaBeat". The New York Observer. March 15, 2011. 
  26. ^ Lauria, Peter (June 15, 2009). "Kushner and Observer Media Group Acquire 80 Percent Stake in Barry Diller's Vary Short List". New York Post. Retrieved December 26, 2014. 
  27. ^ Kelly, Keith J. (December 29, 2011). "Turcotte takes a hike at freebie AM New York". New York Post. 
  28. ^ EXCLUSIVE: HOW JARED KUSHNER BECAME DONALD TRUMP’S MINI-ME BY SARAH ELLISON, JULY 7, 2016, Vanity Fair
  29. ^ In the Republican Primary: Donald Trump for President By The Editors, New York Observer, 04/12/16
  30. ^ "Jared Kushner trying to buy LA DodgersNews". articles.nydailynews.com. Retrieved October 31, 2012. 
  31. ^ "Jared Kushner withdraws from Dodgers bidding". articles.latimes.com. Retrieved October 31, 2012. 
  32. ^ "Jared Kushner's Federal Campaign Contribution Report". Newsmeat.com. Retrieved October 21, 2011. 
  33. ^ WAS DONALD TRUMP’S SON-IN-LAW THE EVIL GENIUS ALL ALONG? BY EMILY JANE FOX, Vanity Fair, OCTOBER 27, 2016
  34. ^ Trump Asks Son-in-Law, Jared Kushner, to Plan for Transition Team Ashley Parker, New York Times
  35. ^ Barbaro, Michael; Mahler, Jonathan (4 July 2016). "Quiet Fixer in Donald Trump's Campaign: His Son-in-Law, Jared Kushner". New York Times. Retrieved 5 July 2016. 
  36. ^ "Trailing Hillary Clinton, Donald Trump Turns to Political Gymnastics". The New York Times. 1 September 2016. 
  37. ^ Inside the Trump Bunker, With Days to Go by Joshua Green, October 27, 2016, Bloomberg Business
  38. ^ Keneally, Meghan. "Kushner Defends Father-In-Law Donald Trump After Anti-Semitism Claims". ABC News. Retrieved 6 July 2016. 
  39. ^ Kushner, Jared. "Jared Kushner: The Donald Trump I Know". ABC News. Retrieved 6 July 2016. 
  40. ^ "Ivanka Trump Weds Jared Kushner". The New York Times. October 24, 2009. 
  41. ^ Trump Son-In-Law In Bidding For Dodgers, The Beverly Hills Courier, February 7, 2012
  42. ^ "Report: Tycoon Trump's daughter converting to Judaism". Haaretz. October 30, 2008. 
External links
  • Feature on Jared Kushner, nytimes.com; accessed December 26, 2014.
  • v
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Trump family and businesses Family First generation
  • Frederick Trump
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Second generation
  • Fred Trump
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Third generation
  • Maryanne Trump Barry
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Fifth generation
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  • Ivanka Trump and Jared Kushner
    • Arabella Rose Kushner
    • Joseph Fredrick Kushner
    • Theodore James Kushner
Media / Entertainment Officially endorsed, created or
produced by Donald Trump (Bibliography)
  • Trump: The Art of the Deal (1987 book)
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Satires of Donald Trump
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Jared Kushner: Who is Trump's Secret Weapon? How Jared Kushner Earned a Place in the White House
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Jared Kushner was the biggest surprise player in the 2016 presidential election, and his involvement in Trump’s campaign raised a national buzz and a lot of questions. He is Donald Trump’s son-in-law (married to Ivanka Trump) and right-hand political strategist, but because he chooses to work primarily behind the scenes, few realized how much power and influence he had until Trump’s win and public gratitude for Kushner’s work. This book provides answers to all the current speculation about Kushner, and it will help the American public put a background, personality, and set of values to the name that’s on everyone’s tongue. More importantly, readers will come to understand why Kushner is expected to take on even more influential roles in the upcoming administration and what they can expect from him in the future. This biography follows Kushner from his childhood in an affluent Jewish family in New Jersey through his early successes in his family’s real estate business to the beginning of his political career, and it will help readers speculate on what will come next for him and for his country.



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