Kushner's financial stake in Israeli defence firms conflict of interest concerns
3 hours ago
- US envoy Jared Kushner's investment firm Affinity Partners holds the largest stake in Phoenix Financial, which has invested over $456 million in nine Israeli defense companies supplying arms used in Gaza and other conflicts.
- Kushner, not officially a US government employee, is not required to disclose his finances, raising conflict of interest concerns as he profits from wars he mediates.
- Phoenix's investments include $265 million in Elbit Systems (a major arms maker), along with stakes in companies producing drone cameras, warplane engines, and artillery fuses.
- Affinity Partners' investors are Gulf states like Saudi Arabia, UAE, and Qatar, who contributed billions, while Kushner described Phoenix as his 'best investment' and cashed out $340 million in early 2025.
- Kushner, architect of the Abraham Accords and a Gaza recovery plan, faces scrutiny for profiting from conflicts he is officially tasked to resolve.