CNN report: Kushner’s firm holds stake in Israeli investor in IDF suppliers
A CNN investigation reveals that Jared Kushner's investment firm, Affinity Partners, holds a significant stake in an Israeli financial institution that invests heavily in defense contractors. These contractors supply the IDF with equipment ranging from drones to artillery components.
Why it matters
The report highlights potential conflicts of interest and financial ties between high-profile political figures and the defense industry during ongoing geopolitical conflicts.
CNN: Kushner's investment firm holds major stake in Israeli company invested in defense industry
Jared Kushner, President Donald Trump's son-in-law and a key participant in US diplomatic efforts in the Middle East, holds a substantial financial interest in an Israeli company that invests in businesses supplying equipment to the IDF, according to an investigation published by CNN.
The report examined the investments of Phoenix Financial, one of Israel's largest financial institutions, in which Kushner's private equity firm, Affinity Partners, is the largest shareholder.
According to CNN, Phoenix has invested hundreds of millions of dollars in Elbit Systems, Israel's largest defense manufacturer, alongside investments in at least eight additional companies producing military equipment, including drones, naval vessels, artillery components, and armored vehicle parts.
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