A CNN investigation revealed that Jared Kushner, US President Donald Trump's son-in-law and Middle East peace envoy, was caught in a conflict of interest because his company Affinity Partners owned the majority stake in the Israeli Phoenix Financial Group, which invested hundreds of millions in arms companies supplying the Israeli army, while he was leading peace negotiations in the region.
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Jared Kushner, son-in-law of US President Donald Trump, served as a Middle East peace envoy during the Trump administration, and his importance has returned with Trump's possible return to the White House.
A CNN investigation revealed that Jared Kushner, US President Donald Trump's son-in-law and envoy who carries out active tasks in peace efforts in the Middle East, fell into the trap of a conflict of interest.
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At the time he led the negotiations for the region, his company, Affinity Partners, owned the majority stake in the Israeli group Phoenix Financial.
Financial records show that the group pumped hundreds of millions into Elbit Systems, the largest arms manufacturing company in Israel, in addition to 8 other companies that supply the Israeli army with drones, warships, and demolition equipment. Kushner acknowledged that Phoenix represents the best investment for his company, especially after doubling his stake in it before Trump returned to the White House.
To avoid revealing his financial assets, Kushner preferred to work as a volunteer envoy rather than an official in an official government position, allowing him to combine business profits with high-risk politics in the midst of a devastating war. The shares of the nine investee entities rose over the past year, attributing this to the increased demand for their products due to the war in Gaza.
AI outlook — possibilities, not facts
Kushner will face pressure to fully disclose his investments or abandon his political role
Likely · Within weeks
Shares of Israeli defense companies will continue to rise short-term due to the war in Gaza
Very likely · Within months
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