Yahoo Finance

A chart that was recently posted to X recently put a striking number on a familiar story: since 2009, Jared Kushner's estimated net worth has grown about 1,440% — from around $65 million to more than $1 billion (1).
Over the same period, the X post notes, the average American household's net worth grew by about 160%.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 —here are 5 ways to build wealth like a landlord without actually being one Robert Kiyosaki saysthis 1 asset will surge 400% in a yearand begs investors not to miss this 'explosion' Millionaires under 43 hold only 25% of their wealth in stocks.Here's where their money is actually going The comparison, shared by prominent financial commentator Steve Rattner, is about the specific mechanisms that allowed one person's fortune to compound at nine times the rate of the broader population.
Understanding those mechanisms is, in many ways, a lesson in how the wealthiest Americans build wealth on a much different scale.
By 2009, Kushner had already been running Kushner Companies for several years, having taken over following his father Charles's conviction on criminal charges (2), including tax evasion and witness tampering.
Under Jared's leadership, the firm has acquired nearly $7 billion in property (3).
While Kushner's net worth at the time is difficult to pin down from public records, the approximate $65 million starting figure comes from the analysis that prompted this comparison (1).
Over the following decade, that foundation compounded steadily.
According to The Tradable, Kushner's White House financial disclosures showed he and wife Ivanka Trump held combined assets of between $240 million and $740 million during that period, with Westminster Management alone generating $1.5 million in annual personal income (4) from its portfolio of 20,000 apartment units.
Then, when Kushner sold his share of real estate startup Cadre, his payout was between $25 and $50 million.
But the more dramatic acceleration came after he left Washington.
In 2021, Kushner founded Affinity Partners in Miami.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
Comments
Post a Comment