Economic analyst Steven Rattner on Monday shared a pie chart showing that all but 1% of the $3 billion in investments in former President Donald Trump’s son-in-law Jared Kushner’s private equity firm Affinity Partners came from foreign sources after he “spent much of his White House tenure cozying up” to Saudi Arabia and Crown Prince Mohamed bin Salman. The Saudis invested $2 billion in Kushner’s fund while the United Arab Emirates and Qatar each added another $200 million. About $625 million came from other non-U.S. sources while only $31 million came from sources inside the U.S. Rattner told MSNBC that he’s “never seen this” in 40 years in the business.

“I’ve never seen somebody get two-thirds of their money from a single investor. Usually a single investor might be a few percent of the fund, might be 5 percent, occasionally 10 percent,” he said. While Kushner has hired some people for his fund, “I’ve seen nothing else about what he’s actually done with the money,” Rattner continued.

“It is normal to invest this money over a period of several years, so I don’t think we can draw a firm conclusion yet. But, again, we’re going back to a guy who’s a real estate guy, and frankly, not a particularly good one at that, who’s suddenly got $3 billion trying to do private equity deals competing against people who’ve been in this business for a long time. And I wouldn’t, if I were the Saudis, count on making a lot of money from this any time soon,” he said, adding: “U.S. private equity firms still raise the vast bulk of their money from U.S. investors. This is extraordinary — unprecedented — I’ve never seen anything like it.”

  • @const_void@lemmy.ml
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    8310 months ago

    Meanwhile the average American is struggling to pay rent and bills every month. Fuck this nepobaby.

    • Semi-Hemi-Demigod
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      2610 months ago

      They’re not very creative, so they can’t think up other nefarious schemes so they just accuse their enemies of what they’re doing. Grooming kids? Check. Corrupt sons of presidents involved with “overseas investors?” Check. Stealing an election? Check.

      • @Phlogiston@lemmy.world
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        1010 months ago

        Its not about being creative — its about muddying the swamp they’re swimming in so that you can’t see their own corruption.

        • Semi-Hemi-Demigod
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          1210 months ago

          Considering that twice-impeached, multiple-felony-indicted Trump is leading in the primary polls, I don’t think they care about their own corruption.

        • AngrilyEatingMuffins
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          110 months ago

          It also works to help obfuscate Democratic corruption as it’s nowhere near as bad and when pointed out is immediately compared to the much worse Republican corruption, which in turn pushes the envelope (full of cash) forwards even more. It sucks.

    • @MrSpArkle@lemmy.ca
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      410 months ago

      There’s a reason dollar amounts are seldom mentioned in conservative Hunter Biden tabloid articles. Otherwise simple math would reveal the comparative and objective scale of potential foreign interest.

  • @bauhaus@lemmy.ml
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    4310 months ago

    we watched him do this shit for 4 years 3 years ago, and they’re “stunned” about this now???

    they knew. they always knew. that’s why they went into business with him. this objection is purely performative so they can take his dirty money while trying to stay clean.

    but they’re still just as dirty

    • @Sanctus@lemmy.world
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      210 months ago

      I’m so sick of everything being blatantly corrupt. You can’t take a shit without it making four shady deals on the way down to the water. The rot has spread so much the cleansing flames would engulf the world. Human potential, wasted completely on profits and racketeering. It would take a global movement to uproot what has taken hold of all of us.

      • @bauhaus@lemmy.ml
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        210 months ago

        I’m not so big on the “cleansing flames” part, but I agree with the rest.

        • @Sanctus@lemmy.world
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          10 months ago

          It meant we’re so entangled with this shit that undoing it would unravel the world. And every elite is drinking from their own glass, they truly believe they do no harm.

          • @bauhaus@lemmy.ml
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            110 months ago

            they truly believe they do no harm.

            eh… I don’t believe that. maybe some of them might, but I refuse o believe they’re all so oblivious to the harm they cause and that at least some of them aren’t enjoying it.

            • @Sanctus@lemmy.world
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              310 months ago

              They aren’t oblivious. They justify it in their own minds. Maybe I’m saying that because I don’t want to believe we built a society that turns psychopaths into gods.

              • @bauhaus@lemmy.ml
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                10 months ago

                I don’t want to believe we built a society that turns psychopaths into gods.

                you mean capitalism?

                edit: sorry, I don’t mean to sound glib

                • @Sanctus@lemmy.world
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                  410 months ago

                  Don’t mind the libertarians booing you. Its obvious a society built on individualism and man-eat-man would turn to this. I still don’t want to believe this is the best we could come up with.

  • xuxebiko
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    1710 months ago

    is “investor” the new term for “buyer of WH confidential docs”? because we know Trump & fam didn’t steal those docs to be bathroom decor.

  • keeb420
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    1210 months ago

    No shit. He’s corrupt af. Between the bone saw incident and him potentially selling out our secrets from trumps trove of classified documents he should be under the jail. If I can see it it should be painfully obvious to anyone who can actually do anything.