CNN report: Kushner’s firm holds stake in Israeli investor in IDF suppliers
CNN says Kushner’s firm owns 7.4% of Phoenix Financial, which holds shares in IDF suppliers; the report found no evidence his diplomacy shaped its investments.
Jared Kushner, son-in-law to former US President Donald Trump and envoy to the Israeli-Palestinian conflict, faces concerns over potential conflicts of interest due to his financial stake in Israeli defense firms. Kushner's investment firm, Affinity Partners, holds a significant portion of Phoenix Financial, a large Israeli company with interests in insurance, pensions, and asset management.
Phoenix Financial has invested a total of $456 million in nine defense-related companies. Elbit Systems, Israel's largest arms manufacturer, has received at least $265.1 million from Phoenix, with its weapons systems allegedly linked to the killing of Palestinians in Gaza. Other companies with Phoenix stakes include Bet Shemesh, which has produced warplane engines for Israel, and Reshef Technologies, which has received $165 million in orders from the Israeli military for artillery shells.
Kushner's involvement in these defense firms started in 2024 with a $128.5 million investment in Phoenix. He doubled his stake in January 2025, shortly before Trump's inauguration. Despite not holding an official government position, Kushner's connections to Israeli defense firms raise concerns over his ability to negotiate peace talks as Trump's envoy.
Written by urgent.news from Middle East Eye's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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