As of 2022, American real estate developer Jared Kushner had a net worth of $800 million. Jared Kushner is well-known because he works in the White House of President Donald Trump and is married to the president’s daughter, Ivanka Trump. Before Trump’s win, the media didn’t pay as much attention to Jared, but he was well-known in the property market.
Jared Kushner Net Worth 2022
|Date of Birth:
|Jan 10, 1981 (41 years old)
|Businessperson, Media proprietor
|United States of America
Jared Kushner Early Life
On the 10th of January, 1981 found Jared Corey Kushner was born in the town of Livingston, New Jersey. Charles Kushner, Jared’s dad, is a well-known builder of homes. Jared went to Harvard University in 1999. He grew up in a Jewish family.
One reporter said that Jared’s dad gave $2.5 million to the school before his son was approved. In 2003, Jared Kushner got a Bachelor of Arts in government from Harvard.
After that, in 2007, he got a JD and an MBA from New York University. It is said that Kushner closed real estate deals in his spare time while he was in college and made millions of dollars.
Jared Kushner Career
When Donald Trump began to seriously think about running for office, Jared Kushner got his start in politics. When Trump’s campaign really got going, Jared was one of the managers who were most involved. Kushner helped Trump a lot with his online presence.
When Trump was elected, Kushner got a high-level security clearance and kept playing a big role in the administration. He was named Senior Advisor to the President in the end.
The Kushner Companies, which is Jared’s family business, owns and runs about $7 billion worth of housing markets around the country. In 2007, Jared was in charge of buying 666 Fifth Avenue, a New York City office building with a few floors.
He paid an “unusual” price of $1.8 billion, which was too much, but he wanted to get the deal because other investors were also interested.
But he only put $50 million down as equity, so he had to borrow the other $1.75 billion from lenders. To keep the loan-to-value ratio (LTV) of the building in check, these lenders asked Jared to double the rent income from the building.
When Jared was just 26, he was in charge of this purchase. This was not long after he took over the family business. He became the leader of the company after his father was found guilty of tax evasion, tampering with witnesses and other crimes.
When Charles Kushner went to federal prison in 2005, Jared took charge of many new projects, such as the buying of 666 Fifth Avenue.
The buying was part of a much bigger plan to grow in New York City, and Jared was in charge of spending more than $7 billion on property deals in the first ten years he was in charge.
The building turned out to be a huge liability, and Kushner Cos. lost $90 million when the real estate market crashed in 2008. Jared’s father told him to start selling off his shares of the building, so he did.
In 2017, Jared sold his share of the company and helped set up a deal with Brookfield Asset Management, a business owned by the Qatari government, for a $1 billion bailout.
In 2019, it was said that Kushner Cos. had just bought a portfolio of apartments for $1.15 billion. The rental properties were the most expensive thing that Kushner Companies had bought in over a decade.
Jared Kushner Height, Weight & Age
|Jared Corey Kushner
|5 ft 8 in (1.76 m)
|163 lb (74 kg)
Jared Kushner House & Properties
The things that Jared Kushner owns are 35 houses, 10 cars, and 4 luxury yachts. Jared Kushner also has more than $74 million in cash reserves. Jared Kushner also does own 15 stocks that are worth $120 million and make up his investment portfolio. Here are some of the stocks that Jared Kushner owns.
- Procter & Gamble
- Johnson and Johnson
Jared Kushner’s Personal Life
In 2009, Jared Kushner wedded Ivanka Trump. They got married in a Jewish ceremony, and Ivanka also became Jewish after that. During the time they have been together, they have had 3 children.