Affinity collected as much as $157 million in foreign-client fees
Reporting and findings
- documented
The Senate Finance Committee chair reported that Affinity Partners, owned by Donald Trump's son-in-law Jared Kushner, had collected as much as $157 million in fees from foreign clients, including $87 million from the Saudi government, and had generated no investor return as of July 2024.
- U.S. Senate Committee on Finance: Wyden Investigation of Kushner Firm Continues; New Letter Outlines Affinity Partners' Fee StructureKey findings on foreign-client fees and investment returns
Summary and current status
The Senate Finance chair reported up to $157 million in fees, including $87 million from the Saudi government, with no investor return as of July 2024.
Committee findings published; underlying inquiry was ongoing
People and organizations
- Affinity Partners fees from foreign clientsfamily-linked foreign fee stream
- Donald J. Trumppresident and Kushner's father-in-law
Relationships in this file
- Donald J. Trumpwas president and father-in-law tied to foreign-client fee streamAffinity Partners fees from foreign clients
Money trail
feeForeign-client fees collected by Affinityas much as $157 million - Fee payer / source
- Foreign clients of Affinity Partners
- Fee recipient
- Affinity Partners
feeSaudi-government fees within Affinity's foreign-client total$87 million - Fee payer / source
- Saudi government
- Fee recipient
- Affinity Partners