Jared Kushner, Donald Trump’s son-in-law and former advisor, has defended a $2-billion investment from Saudi Arabia’s sovereign wealth fund, denying that there was any conflict of interest or that the receipt of the investment was unethical. Kusher’s private equity firm, Affinity Partners, received $2 billion in investment from Saudi Arabia shortly after he left the White House.
In Q2 2023, the Saudi sovereign wealth fund, the Public Investment Fund PIF, recorded $38.93 billion in U.S. equity holdings, up from $35.52 billion the previous quarter. Critics have labeled Kushner’s acceptance of $2 billion from the Saudi PIF as unethical in light of the U.S. intelligence conclusion that Saudi Prince Mohammed ordered the 2018 murder of Washington Post journalist Jamal Khashoggi.