Tags: Trump Administration | jared kushner | charles kushner | criticism | white house | senior adviser

Charles Kushner: 666 Not Big Loser, Jared Drove Growth

jared kushner sits in the background of the cabinet room just behind president donald trump's right shoulder
White House senior adviser Jared Kushner (Evan Vucci/AP)

By    |   Wednesday, 20 March 2019 10:36 PM

Charles Kushner, the father of President Donald Trump's son-in-law and senior adviser Jared Kushner, argued in a rare opinion piece his family real estate business is healthy and took several steps to prevent a conflict of interest when Jared Kushner joined the Trump administration more than two years ago.

Writing for The Washington Post, Charles Kushner made the case his son helped steer Kushner Companies down the path to massive success as CEO from 2008-2017. He focused on the company's 2007 purchase of 666 Fifth Ave. in New York City for most of his piece.

"Critics of our 666 Fifth Ave. purchase often focus their attacks on my son Jared Kushner, who became chief executive in 2008. That criticism is also baseless," the elder Kushner wrote. "You wouldn't know it from the way his nine-year stewardship of the company has been portrayed, but before he resigned to join the Trump administration in 2017, Jared led major property acquisitions worth more than $5 billion, and the company grew from about 50 employees to more than 700.

"We now have more than $7 billion of assets under management."

Kushner then outlined some of the steps the company took as his son was preparing to work in the White House.

"When he left the company, Jared took several steps to preclude conflicts of interest. At the recommendation of his legal counsel, in consultation with the Office of Government Ethics, he divested from more than 80 partnerships, including 666 Fifth Ave., at a substantial financial sacrifice," Kushner wrote.

"We walled off Jared from receiving information on the company, and he resigned as the controlling partner in more than 100 entities. This was all done out of an abundance of caution."

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The father of President Donald Trump's son-in-law and senior adviser Jared Kushner, Charles Kushner, argued in a rare opinion piece defending his son against alleged conflicts of interest.
jared kushner, charles kushner, criticism, white house, senior adviser
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2019-36-20
Wednesday, 20 March 2019 10:36 PM
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