PART 2:
Throughout the 2016 presidential campaign — for which Jared Kushner had much responsibility — Jared and Charles Kushner tried to find a lender that would provide billions of dollars for an ambitious plan to double the size of the 41-story tower. One of Trump’s closest friends, Tom Barrack, had suggested that a fund overseen by the former foreign minister of Qatar invest in the building. Separately, the Kushners pursued funding from Anbang, an insurance company tied to the Chinese government.:FuturamaFry:
But as word spread that Jared Kushner would become Trump’s senior adviser, the Chinese and Qatari efforts fell through.
Barrack told The Post last year that Jared Kushner’s move to the White House “just about completely chilled the market, and [potential investors] just said, ‘No way — can’t be associated with any appearances of conflict of interest,’ even though there was none.” Barrack said redeveloping 666 Fifth Avenue was Charles Kushner’s “dream and his baby. When Jared decided to go to Washington, he probably had a heart attack.”
Charles Kushner declined to speak on the record about Barrack’s assessment, but the company has said it drove the decision by choosing not to do business with sovereign investment funds, or a fund run by a former government official such the Qatari one, to avoid any perception of a conflict of interest with Jared Kushner’s White House role.
Congressional officials, meanwhile, have questioned Jared Kushner about his December 2016 meeting with a Russian bank executive, Sergey Gorkov, and whether Kushner had sought Russian funding for 666 Fifth Avenue . The bank has said that it met with Kushner to discuss “promising business lines and sectors.” But Jared Kushner
testified before Congress in July that the meeting did not involve “any discussion” about the family company, “real estate projects” or “loans.”
All of that has left Charles Kushner, and company president Laurent Morali, to figure out how to turn 666 Fifth Avenue into a profitable enterprise. The company co-owns the office portion of the building with Vornado Realty Trust, which is run by Trump’s longtime friend and business partner Steven Roth, who said in October that the redevelopment plan probably was “not feasible.”:muellercmonson:
Charles Kushner declined to comment about the company’s plans for the building. The firm has previously said it would make a decision early this year. As for the company’s fortunes, the firm said on its website that it had a record year in 2017 with $2.5 billion worth of transactions. That was made possible despite the fact that it does not take funding available to many of its competitors, such as from sovereign funds, or take part in the EB-5 visa program, which the company said it would no longer participate in after being criticized for pitching it last May in China.
While Charles Kushner helps steer the company, Jared Kushner is deeply influenced by his father as he tackles one of the primary tasks given him by Trump — developing a Middle East peace plan. The elder Kushner has long been friends with Israeli Prime Minister Benjamin Netanyahu, who once
sleptin Jared Kushner’s bedroom at the family’s New Jersey home while Jared moved to the basement.
Trump has said that if Jared Kushner “can’t produce peace in the Middle East, no one can.” But there has been no peace deal, and prospects have diminished since Trump declared that the United States will move its embassy to Jerusalem. The Palestinian Authority leader, Mahmoud Abbas, said this month that the Trump plan, developed partly by Kushner, was “the slap in the face of the century” and that it had undermined efforts to bring peace to the region.
Jared Kushner came to the task with no diplomatic experience. But Charles Kushner said he is confident in his son’s capabilities.
“I could not be prouder of the things he is doing and the sacrifice he has made to try to do some good things for the people who live in our country and maybe some good things for people who live in the world,” Charles Kushner said. “I see my son taking up the Middle East — the impact on the world could be dramatic.”
Asked how his son is qualified to take on so many responsibilities in the White House, Kushner responded that he gave all of his children a “lot of responsibility at young ages.”
“We didn’t raise our children as typical children,” he said. “They were taught if you have wealth, it is not something to be spoiled about, it is a lot of responsibility, which requires you to do more, better than if you didn’t have the money. So my children, they are more mature than their years and they were raised that way.”
Ken Kurson, a close family friend, said, “Jared is a dutiful son and the relationship is mutually respectful, but Jared is his own man and realizes that he is in Washington for one reason — to advance the interests of the American people by serving the president.”
Another example of Charles Kushner’s influence is Jared Kushner’s work on a judicial overhaul plan, an effort that is influenced by what he learned from his father’s imprisonment. After the elder Kushner served 14 months in the Alabama prison, he spent the remainder of his two-year sentence in a halfway house in Newark. Kushner later hired two men who had been inmates with him at the Alabama prison to work for the company,
according to a Bloomberg report.
“I’m passionate about judicial reform as I have seen firsthand the injustice of long sentences and the destruction of human lives who have no hope,” Charles Kushner said. “I believe in second chances, when appropriate, as we are all human and we all make mistakes.” He said the issue is “close and personal to Jared and close and personal to our family because we have seen it from both sides.”
As Kushner finished the interview, he stood up from the couch, where he had been seated beside his wife of 43 years, Seryl, and walked to a picture of his parents, Joseph and Rae Kushner, who were Holocaust survivors and immigrated to the United States in 1949. Charles Kushner said his parents had little when they arrived in the United States and said he has told his son to remember their story. Meanwhile, Trump has pushed strict immigration policies.
“When Jared was sworn in, the day after he went to the White House, I gave him a copy of this picture, framed,” Kushner said, “I said, ‘Jared, no matter what happens, I’m going to ask you one thing: Keep this picture in your office, and remember where you come from, who you are, and it will always help you know to make the right decisions.’ These are people with no education, no money, lived through Hitler. Now their grandson is in the White House.”
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