Just Another Day in Trump World
There have been plenty of wealthy people in high places in the federal government. FDR and JFK both came from wealth. Congress members from both parties uses their positions to make a lot of money. But none of these wealthy people have regarded the Presidency as a wealth building strategy. That is, no one until the Trump family took over the White House.
It turns out the Kushner real estate empire, by some accounts foundering, took $30 mil from an Israeli financial institution.
Last May, Jared Kushner accompanied President Trump, his father-in-law, on the pair’s first diplomatic trip to Israel, part of Mr. Kushner’s White House assignment to achieve peace in the Middle East.
Shortly before, his family real estate company received a roughly $30 million investment from Menora Mivtachim, an insurer that is one of Israel’s largest financial institutions, according to a Menora executive.
The deal, which was not made public, pumped significant new equity into 10 Maryland apartment complexes controlled by Kushner’s firm. While Mr. Kushner has sold parts of his business since taking a White House job last year, he still has stakes in most of the family empire — including the apartment buildings in and around Baltimore.