Jared Kushner

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Jared Kushner
Jared Kushner.jpg
Jared Kushner, October 6, 2008
Born Jared Corey Kushner
(1981-01-10) January 10, 1981 (age 33)
Residence New York City, New York, U.S.
Ethnicity Jewish
Alma mater Harvard University (S.B.)
New York University (J.D., M.B.A.)
Occupation Real Estate Developer, publisher, investor
Known for Co-owner of Kushner Properties
Owner of The New York Observer
Religion Orthodox Judaism
Spouse(s) Ivanka Trump (2009–present)
Children 2
Parents Seryl Stadtmauer
Charles Kushner
Relatives Joshua Kushner (brother)

Jared Corey Kushner (born January 10, 1981) is an American businessman and investor. He is the principal owner of Kushner Properties, his family’s real estate holding and development company, and The New York Observer, a newspaper publishing company which he purchased in 2005. He is the son of American real estate magnate Charles Kushner and is married to Ivanka Trump, the daughter of American business magnate Donald Trump.

Early life[edit]

Kushner is the son of Seryl (née Stadtmauer) and the New Jersey real estate developer Charles Kushner.[1][2] He graduated from the Frisch School, a private, coed yeshiva high school in Paramus, New Jersey, and from Harvard University in 2003. His father had made a $2.5 million donation to the university.[3] In 2007, Kushner graduated from the New York University Stern School of Business and the New York University School of Law where he earned both JD and MBA degrees.[4] He has a brother, Joshua Kushner, who is also a businessman and two sisters, Nicole Kushner and Dara Kushner.

Business career[edit]

Newspaper publishing[edit]

In July 2006, at age 25, Kushner purchased The New York Observer, an influential weekly New York City newspaper, for $10 million.[5] Since purchasing the Observer, Kushner has pushed for changes that increased sales and created a new focus for the paper, moving towards a tabloid direction.[6] Kushner has been credited with increasing the Observer's online presence and expanding the Observer Media Group through a series of strategic new ventures and acquisitions.[7][8]

Real estate[edit]

Kushner is also an active real estate investor. He was active in the Boston real estate market while an undergraduate at Harvard, and has increased the Kushner Companies presence in the New York City real estate market as a principal in his family's real estate company.[9] Kushner was thrust into his role at Kushner Companies when his father Charles was arrested on charges of tax evasion, illegal campaign donations and witness tampering in 2004.[10] He assumed the role of CEO in 2008 at just 27 years old.

The company's flagship acquisition was the office building at 666 Fifth Avenue in 2007, for a then-record price of $1.8 billion. In 2011, the building's mortgage was restructured in conjunction with Kushner's bringing in Vornado Realty Trust as a 50% equity partner.[11]

On August 18th 2014, Kushner acquired a three-building apartment portfolio in Middle River for $37.9 million with Aion Partners. Between 2013-2014, Kushner remained one of the most active buyers of multifamily properties nationally across the New York, New Jersey and the Baltimore area after the company acquired more 11,000 units throughout the three states.[12]

LA Dodgers bid[edit]

In February 2012, he put a bid in to acquire the MLB team LA Dodgers.[13] He later withdrew his bid in March 2012.[14]

Political activity[edit]

Kushner is a major contributor to the Democratic Party. He has contributed over $100,000 to various campaigns between 1992 and 2006.[15]

Personal life[edit]

Kushner married Ivanka Trump, daughter of businessman Donald Trump, in a Jewish ceremony on October 25, 2009.[16][17] Ivanka Trump converted to Judaism before marrying Kushner.[18] She gave birth to their daughter, Arabella Rose Kushner, in July 2011.[19] Jared and Ivanka welcomed a baby boy Joseph Fredrick Kushner on October 14, 2013.[20]

His brother, Joshua Kushner, was named one of Business Insider's most influential young people in tech for his role as founder of the private equity firm Thrive Capital.[21]

References[edit]

  1. ^ Salkin, Allen (March 11, 2007). "The Education of a Publisher". The New York Times. Retrieved November 29, 2007.
  2. ^ [1]
  3. ^ Beam, Alex. (September 4, 2006). "Harvard's admissions of gilt". The Boston Globe. Retrieved January 7, 2008.
  4. ^ Seelye, Katharine Q. (July 22, 2006). "Developer’s Son Negotiating to Buy New York Observer". The New York Times. Retrieved November 29, 2007.
  5. ^ Seelye, Katharine Q. (July 31, 2006). "Developer’s Son Acquires The New York Observer". The New York Times. Retrieved January 8, 2008.
  6. ^ Teodorczuk, Tom (November 9, 2008). "An accidental proprietor". The Guardian (London). Retrieved October 21, 2011.
  7. ^ "We've Got the BetaBeat". The New York Observer. March 15, 2011. 
  8. ^ Lauria, Peter (June 15, 2009). "Kushner and Observer Media Group Acquire 80 Percent Stake in Barry Diller's Vary Short List". New York Post. 
  9. ^ "Kushner Quietly Raising His Stake in Manhattan". The New York Sun. Retrieved August 4, 2006. 
  10. ^ Clarke, Katherine (February 1, 2014). "Jared Kushner, the accidental CEO". The Real Deal (magazine). Retrieved June 8, 2014. 
  11. ^ "Private equity outfit signs on at 666 Fifth". Crain's New York Business. September 13, 2011. Retrieved October 21, 2011. 
  12. ^ Kevin Litten (18 August 2014). "Donald Trump's son-in-law buys 3 Middle River apartment complexes". Bizjournal. Retrieved 20 August 2014. 
  13. ^ "Jared Kushner trying to buy LA Dodgers - New York Daily News". articles.nydailynews.com. Retrieved 31 October 2012. 
  14. ^ "Jared Kushner withdraws from Dodgers bidding - Los Angeles Times". articles.latimes.com. Retrieved 31 October 2012. 
  15. ^ "Jared Kushner's Federal Campaign Contribution Report". Newsmeat.com. Retrieved October 21, 2011. 
  16. ^ "Ivanka Trump Weds Jared Kushner". The New York Times. October 24, 2009. 
  17. ^ Trump Son-In-Law In Bidding For Dodgers, The Beverly Hills Courier, February 7, 2012
  18. ^ "Report: Tycoon Donald Trump's daughter converting to Judaism". Haaretz. October 30, 2008. 
  19. ^ Slonim, Jeffrey (August 7, 2011). "Ivanka Trump's Baby is 'An Angel', Says Her Aunt". People. Retrieved October 21, 2011. 
  20. ^ http://www.usmagazine.com/celebrity-moms/news/ivanka-trump-gives-birth-to-baby-boy-second-child-with-husband-jared-kushner-20131510
  21. ^ Borison, Rebecca (May 1, 2014). "30 Under 30: The Most Influential Young People In Tech — RANKED". Business Insider. Retrieved June 8, 2014. 

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