Charles Kushner

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Charles Kushner
BornChanan Kushner
(1954-05-16) May 16, 1954 (age 64)
Elizabeth, New Jersey, U.S.
Alma materNew York University (B.A.)
Hofstra University (J.D.)
New York University (M.B.A.)
OccupationCo-owner of Kushner Properties
Net worth$1.8 billion (family, 2016)[1]
Spouse(s)Seryl Stadtmauer
Children4, including Jared and Joshua
Parent(s)
RelativesMurray Kushner (brother)
Marc Kushner (nephew)

Charles Kushner (born May 16, 1954) is an American real estate developer. He founded Kushner Companies in 1985. In 2005, he was convicted of illegal campaign contributions, tax evasion, and witness tampering, and served time in federal prison. After his release, he resumed his career in real estate. His son, Jared Kushner, is the husband of Ivanka Trump and son-in-law and senior advisor to President Donald Trump.

Early life and education[edit]

Kushner was born on May 16, 1954,[2] to Joseph and Rae Kushner, Jewish Holocaust survivors who came to America from Belarus in 1949.[3][4] At birth, he was named Chanan, after a maternal uncle who died in a concentration camp during the Holocaust.[1] He grew up in Elizabeth, New Jersey, with his elder brother Murray Kushner[2][5] and sister Esther Schulder.[6][7][8]:3 His father worked as a construction worker, builder, and real estate investor.[2] Kushner graduated from the Hofstra University School of Law in 1979.[9]

Career[edit]

In 1985, he began managing his father's portfolio of 4,000 New Jersey apartments.[2][5] He founded Kushner Companies - headquartered in Florham Park, New Jersey - and became its chairman.[2][5] In 1999, he won the Ernst & Young New Jersey Entrepreneur of the Year award. At the time, Kushner Companies had grown to more than 10,000 residential apartments, a homebuilding business, commercial and industrial properties, and a community bank.[10]

Criminal conviction[edit]

In the summer of 2004, Kushner was fined $508,900 by the Federal Election Commission for contributing to Democratic political campaigns in the names of his partnerships when he lacked authorization to do so.[11] In 2005, following an investigation by the U.S. Attorney's Office for the District of New Jersey,[12] U.S. Attorney Chris Christie negotiated a plea agreement with him, under which he pleaded guilty to 18 counts of illegal campaign contributions, tax evasion, and witness tampering.[13] The witness-tampering charge arose from Kushner's act of retaliation against William Schulder, his sister Esther's husband, who was cooperating with federal investigators; Kushner hired a prostitute to seduce his brother-in-law, arranged to record an encounter between the two, and had the tape sent to his sister.[14][15][16][13] He was sentenced to two years in prison,[14] and served 14 months at Federal Prison Camp, Montgomery in Alabama[17][18] before being sent to a halfway house in Newark, New Jersey, to complete his sentence.[17][18][19] He was released from prison on August 25, 2006.[20]

As a result of his convictions, Kushner was disbarred, prohibited from practicing law in New Jersey,[21] New York,[22] and Pennsylvania.[23]

New York City real estate[edit]

After being released from prison, Kushner shifted his business activities from New Jersey to New York City. In early 2007, Kushner Companies bought the 666 Fifth Avenue building in Manhattan for US$1.8 billion.[24] He and his family are estimated to have a net worth of $1.8 billion.[1]

Donations[edit]

Before 2016, Kushner was a donor to the Democratic Party.[12] He serves on the boards of Touro College, Stern College for Women, Rabbinical College of America, and the United Jewish Communities.[25] Kushner has donated to Harvard University, Stern College, the St. Barnabas Medical Center, and United Cerebral Palsy.[25] He contributed to the funding of two schools, Joseph Kushner Hebrew Academy and Rae Kushner Yeshiva High School, in Livingston, New Jersey, and named them after his parents.[2][25][26] Kushner Hall is a building that is named after him on the Hofstra University campus.[27] The campus of Jerusalem's Shaare Zedek Medical Center is named the "Seryl and Charles Kushner Campus" in honor of their donation of $20 million.[28]

In August 2015, Kushner donated $100,000 to Donald Trump's Make America Great Again PAC, a super PAC supporting Trump's 2016 campaign for the presidency.[29] Kushner and his wife also hosted a reception for Trump at their Jersey Shore seaside mansion in Long Branch.[30]

References[edit]

  1. ^ a b c Sorvino, Chloe (18 December 2016). "Here's How Much Jared Kushner And His Family Are Really Worth". Forbes. Retrieved 4 April 2017.
  2. ^ a b c d e f Elkies, Lauren (November 2007). "Charles Kushner". The Real Deal. In: "The Closing" (profiles). Retrieved October 28, 2016.
  3. ^ Sherman, Gabriel (July 12, 2009). "The Legacy". New York. Retrieved January 3, 2015.
  4. ^ Heyman, Marshall (May 15, 2014). "City Real-Estate Royalty Gives to Israeli Hospital". The Wall Street Journal. Retrieved January 4, 2015.
  5. ^ a b c "Charles Kushner". City File. Gawker Media. 2010. Archived from the original on January 10, 2012. Retrieved November 18, 2016.
  6. ^ Mansnerus, Laura (19 August 2004). "Major Donor Admits Hiring Prostitute to Smear Witness". The New York Times. Retrieved 2 May 2017.(subscription required)
  7. ^ Widdicombe, Lizzie (22 August 2016). "Ivanka and Jared's Power Play". The New Yorker. Retrieved 2 May 2017.
  8. ^ Sherman, Gabriel (12 July 2009). "The Legacy". NYMag.com. Retrieved 2 May 2017.
  9. ^ "Academic Chairs and Distinguished Professorships", section: "The Joseph Kushner Distinguished Professorship in Civil Liberties Law". 2016-2017 Undergraduate Bulletin, Hofstra University. Retrieved October 28, 2016.
  10. ^ "1999 New Jersey Ernst & Young Entrepreneur of the Year(R) Award Recipients Announced". Ernst & Young. press release, June 17, 1999. Retrieved September 28, 2011.
  11. ^ Associated Press (July 4, 2004). "Briefings: Politics: F.E.C. Fines Developer". New York Times. Retrieved October 26, 2016.
  12. ^ a b Sullivan, John (August 22, 2004). "Like an 'Abandoned Planet'". The New York Times. Retrieved February 24, 2011.
  13. ^ a b Hanley, Robert (January 13, 2005). "Donor Apologized to Sister for Seduction of Husband". The New York Times. Retrieved November 29, 2013.
  14. ^ a b Smothers, Ronald (March 5, 2005). "Democratic Donor Receives Two-Year Prison Sentence". The New York Times. Retrieved February 24, 2011.
  15. ^ Grace, Francie (July 14, 2004). "NJ Scandal: Sex, Money &  Politics". CBS News. Retrieved November 19, 2016.
  16. ^ John Cloud, So, Did You Get My Gift?, Time (July 18, 2004).
  17. ^ a b Sommer, Allison Kaplan (March 1, 2016). "Meet the Kushners: The Feuding Real Estate Dynasty That Links Donald Trump and Chris Christie". Haaretz. Retrieved November 19, 2016.
  18. ^ a b Lizzie Widdicombe, [Ivanka and Jared's Power Play: How the patrician couple came to have an outsized influence on a populist Presidential campaign], New Yorker (August 22, 2016).
  19. ^ New York Magazine: "The Legacy - his son Jared, the 28-year-old Observer owner, has to carry the ambition for the both of them" By Gabriel Sherman July 12, 2009
  20. ^ "CHARLES KUSHNER". Federal Bureau of Prisons Inmate Locator.
  21. ^ In re Kushner, 870 A.2d 248, 183 N.J. 130 (2005).
  22. ^ In re Kushner, 18 A.D.3d 953, 793 N.Y.S.2d 781 (2005) (per curiam).
  23. ^ "Public Discipline" (PDF). Pennsylvania Bar Association. Retrieved September 27, 2016.
  24. ^ Bagli, Charles V. (December 7, 2006). "A Big Deal, Even in Manhattan: A Tower Goes for $1.8 Billion". The New York Times. Retrieved November 12, 2007.
  25. ^ a b c Dickter, Adam (July 23, 2004). "Kushner Fallout Unclear". The Jewish Week. Archived from the original on August 28, 2005. Retrieved September 28, 2011.
  26. ^ "Mini Bio: Rae Kushner", Jewish Partisan Educational Foundation. Retrieved September 28, 2011.
  27. ^ "Hofstra Myths Debunked: Campus buildings named after criminals? - The Hofstra Chronicle". October 27, 2010.
  28. ^ "Shaare Zedek Medical Center campus to be named in honor of New York couple". The Jerusalem Post | JPost.com. Retrieved 2017-07-29.
  29. ^ Katy O'Donnell, Trump attended big-donor fundraiser last month, Politico (August 23, 2015).
  30. ^ Maggie Haberman, Donald Trump Pays a Visit to His Not-So-Poor Relations, New York Times (August 23, 2016).