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Senate inquiry reports $157 million in fees to Affinity

Date
2024-09-25
Entry type
person-network-event
Current status
Committee inquiry ongoing at publication

The Senate Finance Committee reported fees paid to Affinity Partners by foreign clients and a lack of returns to investors as of July 2024. The amount is firm fee revenue, not an estimate of Kushner's personal wealth.

Entities and roles

Relationships in this file

  1. Donald J. Trumpson-in-law whose firm collected foreign-client feesJared Kushner

Money trail

  1. feeFees Senate Finance reported foreign clients paid to Affinity Partners; this is firm revenue, not Jared Kushner's personal income.$157,000,000
    Fee payer / source
    Foreign clients, including the Saudi government
    Fee recipient
    Affinity Partners
  2. feeSaudi-government fees collected by Affinity$87 million
    Fee payer / source
    Saudi government
    Fee recipient
    Affinity Partners
    realized · 2024-07-24 · observedPopulation Saudi-government fees included within the Senate Finance Committee's reported $157 million foreign-client fee totalPeriod 2024-07-24 to 2024-07-24Basis Saudi-government component disclosed to committee investigators as of July 24, 2024, nested within the $157 million foreign-client total.Limits The cited committee record reports firm fee revenue and does not identify any distribution to Jared Kushner or another individual.Open cited evidence

Claims and evidence

  1. factreported

    Senate Finance reported that Affinity Partners had collected as much as $157 million in fees from foreign clients, including $87 million from the Saudi government, while producing no returns for investors as of July 2024.