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Zenger
Zenger
Business
Shanthi Rexaline

Jared Kushner’s Private Equity Firm Could Retain Controversial Saudi Funding

Jared Kushner Ivanka Trump Donald Trump United States bin Salman Jean Catuffe Nasser AlKhelaifi Paris SaintGermain PIF White House
 Jared Kushner, husband of Ivanka Trump talks to Paris Saint-Germain President Nasser Al-Khelaifi during the FIFA World Cup Qatar 2022 Group G match between Brazil and Serbia at Lusail Stadium on November 24, 2022 in Lusail City, Qatar. Kushner may return Saudi firm if Trump is re-elected to a second term. (JEAN CATUFFE/GETTY IMAGES)

Jared Kushner may retain the controversial Saudi investment in his private equity firm, even if his father-in-law, Donald Trump, is reelected as U.S. president.

In an interview with Fox News aired on Wednesday, Saudi Crown Prince Mohammed bin Salman stated that the Public Investment Fund (PIF) is obligated to uphold its global commitments to any investor. Consequently, the fund would continue to support Kushner’s firm with the $2 billion funding, regardless of the potential for a Trump presidency.

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