Former Obama adviser: Kushner engaged in ‘level of corruption that we’ve just never seen’ with foreign relations https://thehill.com/policy/internat...-weve-just-never-seen-with-foreign-relations/
Kushner’s Fund Has Reaped Millions in Fees, but So Far Returned No Profits https://www.nytimes.com/2024/09/25/us/politics/kushner-private-equity-saudi-arabia.html The private equity firm run by Jared Kushner, the son-in-law of former President Donald J. Trump, has been paid at least $112 million in fees since 2021 by Saudi Arabia and other foreign investors, even though as of July it had not yet returned any profits to the governments largely bankrolling the firm. https://www.finance.senate.gov/imo/...in_management_on_kushner_firm_paymentspdf.pdf
These are not stock market investments. These are mostly illiquid investments that usually have an end game of buyout Data assembled by PitchBook, a private equity industry research firm, found that profit distributions are most common during a fund’s sixth and seventh years and Affinity has not reached this point. Private equity firms like Affinity raise money from investors, then reinvest that capital into small, often not-yet-public companies they believe have a good chance to grow quickly or be run more efficiently. The hope is that those bets will generate enough return to eventually pay back the original investors with profits that far exceed the management fees.
With Trump announcing an AI initiative, it is interesting to media on Saudi Arabia's new AI focus. King Salman’s Reign Consolidates AI’s Future in Saudi Arabia https://english.aawsat.com/features...s-reign-consolidates-ai’s-future-saudi-arabia