K
ushner Companies' valuation has nearly tripled since 2016, reaching $2.9 billion, surpassing the worth of Donald Trump's real estate empire at $2.2 billion. This growth is attributed to Jared Kushner's high-profile position in the White House and his family's ability to navigate challenges during that time.
The company faced significant debt issues on a Manhattan office building, 666 Fifth Avenue, which was resolved through the sale of a 99-year lease in 2018. Investigations into international influence were also dropped. In New Jersey, Kushner Companies completed construction on one of its two 64-story towers and filed a lawsuit against Jersey City over development delays.
The Kushners have since turned their attention to new deals, including a 420-unit apartment building in Miami and the sale of office space at the Puck Building in lower Manhattan to OpenAI for $140 per square foot. Jared Kushner's net worth has increased to an estimated $7.1 billion, with his investment firm Affinity Partners valued at over $900 million.
Josh Kushner's venture capital firm, Thrive Capital, is worth $3.5 billion, thanks to early investments in Instagram and Spotify. The family's real estate empire has expanded into the south, taking advantage of low interest rates from the pandemic to finance acquisitions with government-backed debt. With rising rents and falling interest rates, the company's fortunes are poised to continue growing regardless of the election outcome.
realestate
Kushner Family Business Valuation Surges to Nearly $3 Billion Post-White House Era
Kushner Companies' value triples to $2.9B since 2016, fueled by Trump presidency and Jared Kushner's White House role.
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Morgan Williams Joins Landings Real Estate Group Team
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