Senior White House adviser Jared Kushner didn’t include his ownership in a real-estate finance company that makes him business partners with George Soros when filing financial disclosure forms, the Wall Street Journal reported Tuesday.
Kushner also failed to disclose loans totaling $1 billion from more than 20 lenders, the Journal reported. (RELATED: Soros, Left-Wing Activists Plot Trump Resistance)
The Real Deal, a New York real estate news site, reported in January that Soros provided Cadre — the company owned by Trump’s senior adviser — with a $250 million line of credit. That appears to confirm Business Insider’s reporting in 2016 that an unnamed, wealthy New York-based family opened up a $250 million line of credit to Cadre. Soros lives in New York.
Senior White House adviser Jared Kushner arrives to attend US President Donald Trump’s press conference on February 16, 2017 at the White House. NICHOLAS KAMM/AFP/Getty Images
That Kushner, who is married to Trump’s daughter Ivanka, wasn’t open about his business dealings with Soros — a left-wing billionaire funding activists fiercely opposed to the president’s agenda — is unlikely to go over well with Trump’s base. (RELATED: Leaked Docs Show How Soros Spends Big To Keep Populists Out Of Power In Europe)
Kushner’s ownership stake in real-estate startup Cadre makes him business parters with Soros, Peter Thiel and other billionaires, as well as Goldman Sachs, according to the Journal.
Jamie Gorelick, a lawyer for Kushner, told the Journal that the president’s son-in-law discussed his stake in Cadre with the Office of Government Ethics and also “resigned from Cadre’s board, assigned his voting rights, and reduced his ownership share,” the Journal reported, adding that Kushner is expected to make public a new, revised financial disclosure form.
The White House did not immediately respond to TheDC’s request for comment.
Kushner has taken on increased responsibilities within the Trump White House in recent months, while Steve Bannon, the populist former head of Breitbart News, has seen his role in the West Wing diminished. (RELATED: Kushner Played Key Role In Causing Trump’s Manafort Problem)
This story has been updated to note reporting that Soros provided Cadre with a $250 million line of credit.