Jared Kushner managed his family’s New York real estate company and owns millions in real estate and other assets. He sold some of his assets when he joined his father-in-law’s administration.
But he still owns stakes in numerous limited liability companies that often do not have any employees, offices, websites or operations that would make their purpose readily apparent. Some are owned through generic registered-agent offices in Dover, Del., and function as holding companies for other assets. Kushner’s representatives have said that his divestiture strategy was crafted to reduce potential conflicts of interest and that he has followed guidance from White House counsel and the Office of Government Ethics. His lawyers have said that he may sell more assets.
[Kushner keeps most of his real estate but offers few clues about potential White House conflicts]
Real estate holdings
Financial investments
Bank accounts
Companies
Keeping
220 assets
In process of selling
Eight assets
Sold
74 assets
Real estate holdings
Financial investments
Bank accounts
Companies
Keeping
220 assets
Sold
74 assets
In process of selling
Eight assets
What his assets are worth
The companies, properties and other assets that Kushner still owns are worth between $167.5 million and $569.5 million. Kushner’s 54-page financial disclosure reveals little information about how — or why — he decided to keep certain holdings. It is not clear whether those personal business interests might benefit from his influential place in the White House.
There were some omissions in Kushner’s original form, which his lawyers say will be added in an upcoming revision. He did not disclose his specific stake in a real estate trading platform and his position with a Delaware limited liability company. Kushner's lawyers say he kept many widely traded and diversified financial investments that federal ethics rules classify as "excepted investment funds." He also held on to 14 federal bonds.
Kept
220 assets worth at least $167 million
BFPS Ventures is an investment vehicle that includes bank accounts, stakes of Cadre, which is a start-up real estate platform that Kushner founded with his brother Joshua, and other assets.
Kushner is keeping at least $5 million in shares of stock in Source Media Holdings, a digital marketing company.
In process of selling
Eight assets worth at least $35.6 million
Broadband Proliferation Partners, which is worth at least $5 million, owns the WiredScore website that rates buildings' internet connectivity.
Sold
Kushner did not have to list the value of
the 74 assets that he has already sold.
This includes shares of stock from federal contractors Boeing and Microsoft.
Real estate holdings
Bank accounts
Companies
Funds widely traded/diversified
Treasury bonds
Other financial investments
Kept
220 assets worth at least $167 million
BFPS Venturesis an investment vehicle that includes bank accounts, stakes of Cadre, which is a start-up real estate platform that Kushner founded with his brother Joshua, and other assets.
Kushner is keeping at least $5 million in shares of stock in Source Media Holdings, a digital marketing company.
In process of selling
Sold
Eight assets worth at least $35.6 million
Kushner did not have to list the value of
the 74 assets that he has already sold.
Broadband Proliferation Partners, which is worth at least $5 million, owns the WiredScore website that rates buildings' internet connectivity.
This includes shares of stock from federal contractors Boeing and Microsoft.
Real estate holdings
Bank accounts
Companies
Other financial investments
Funds widely traded/diversified
Treasury bonds
Kept
220 assets worth at least $167 million
BFPS Ventures is an investment vehicle that includes bank accounts, stakes of Cadre, which is a start-up real estate platform that Kushner founded with his brother Joshua, and other assets.
Kushner is keeping at least $5 million in shares of stock in Source Media Holdings, a digital marketing company.
Sold
In process of selling
Kushner did not have to list the value of
the 74 assets that he has already sold.
Eight assets worth at least $35.6 million
Broadband Proliferation Partners, which is worth at least $5 million, owns the WiredScore website that rates buildings' internet connectivity.
This includes shares of stock from federal contractors Boeing and Microsoft.
Who is managing the assets he sold
Some of Kushner’s holdings were placed into a trust managed by his mother. He has sold assets to third-party buyers and other family members, but his lawyers have declined to provide details on the purchases.
Charles Kushner
FATHER
Started the family real estate firm before he was imprisoned for making illegal campaign contributions and tax evasion.
MOTHER
Seryl Kushner
MOTHER
Trustee for some of the assets that Jared divested from.
Jared Kushner
Developer and entrepreneur married to Ivanka Trump who was chief executive of his family’s New York real estate firm.
Dara Kushner Orbach
SISTER
The oldest sister is not involved in the family business.
Nicole Kushner Meyer
SISTER
Pitched wealthy Chinese investors on the chance to invest with the family’s company in exchange for U.S. visas.
Joshua Kushner
BROTHER
Along with Jared, Joshua co-founded Cadre, a real estate investment platform. He also founded an investment firm, Thrive Capital, and co-founded Oscar, a health-care company. Jared's lawyers have not confirmed if any his assets were directly sold to Joshua during the divestment process.
Charles Kushner
Seryl Kushner
MOTHER
Trustee for some of the assets that Jared divested from.
FATHER
Started the family real estate firm before he was imprisoned for making illegal campaign contributions and tax evasion.
Jared Kushner
Dara Kushner Orbach
Developer and entrepreneur married to Ivanka Trump who was chief executive of his family’s New York real estate firm.
SISTER
The oldest sister is not involved in the family business.
Joshua Kushner
Nicole Kushner Meyer
BROTHER
Along with Jared, Joshua co-founded Cadre, a real estate investment platform. He also founded an investment firm, Thrive Capital, and co-founded Oscar, a health-care company. Jared's lawyers have not confirmed if any his assets were directly sold to Joshua during the divestment process.
SISTER
Pitched wealthy Chinese investors on the chance to invest with the family’s company in exchange for U.S. visas.
Charles Kushner
Seryl Kushner
FATHER
Started the family real estate firm before he was imprisoned for making illegal campaign contributions and tax evasion.
MOTHER
Trustee for some of the assets
that Jared divested from.
Jared Kushner
Dara Kushner Orbach
Nicole Kushner Meyer
Joshua Kushner
Developer and entrepreneur married to Ivanka Trump who was chief executive of his family’s New York real estate firm.
SISTER
Pitched wealthy Chinese investors on the chance to invest with the family’s company in exchange for U.S. visas.
SISTER
The oldest sister is not involved in the family business.
BROTHER
Along with Jared, Joshua co-founded Cadre, a real estate investment platform. He also founded an investment firm, Thrive Capital, and co-founded Oscar, a health-care company. Jared's lawyers have not confirmed if any his assets were directly sold to Joshua during the divestment process.
Where his properties are located
Kushner still owns 124 real estate properties, mostly residential units in the New Jersey suburbs of New York. His U.S. holdings are located as far west as Kansas City and as far south as Prince George’s County, and also include commercial and industrial buildings. His disclosure form lists one property in Argentina that he sold.
NORTH
Most of Kushner’s properties
are located in New Jersey.
N.Y.
N.J.
He is keeping
32 properties and selling 10 properties in New York City.
MD.
PA.
OHIO
He is keeping
10 commercial properties in Chicago.
IND.
ILL.
He owns one residential property in Kansas City.
MO.
N.Y.
He is keeping
10 commercial properties in Chicago.
He is keeping
32 properties and selling 10 properties in New York City.
Kushner owns one residential property in Kansas City.
PA.
OHIO
ILL.
IND.
N.J.
MD.
Most of his properties
are located in New Jersey.
MO.
N.Y.
He is keeping
10 commercial properties in Chicago.
He is keeping
32 properties and selling 10 properties in New York City.
Kushner owns one residential property in Kansas City.
PA.
ILL.
IND.
OHIO
N.J.
MD.
Most of his properties
are located in New Jersey.
MO.
About this story
The Washington Post reviewed Jared Kushner's public financial disclosure report, known as a Form 278e, for his role as a senior adviser to President Trump. The report was filed on March 31, 2017, and includes 54 pages of financial information on assets and income for Kushner and his spouse, Ivanka. Post reporters analyzed the form by categorizing which assets had been kept, sold or were in the process of being sold. Additionally, reporters classified assets by their type: including real estate, bank accounts, financial investments or other companies, to try to identify trends related to what he had sold or kept. The map was created by using geographical information given for real estate that Kushner identified on his form. Kushner's lawyers have said that his form will be revised in the future, and that he may decide to sell additional assets. Family member photos are from the Associated Press.
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