Jared Kushner, October 6, 2008
|Born||Jared Corey Kushner
January 10, 1981
|Residence||New York City, New York, U.S.|
|Alma mater||Harvard University (S.B.)
New York University (J.D., M.B.A.)
|Occupation||Real estate developer, newspaper publisher, investor|
|Known for||Co-owner of Kushner Properties
Owner of The New York Observer
|Spouse(s)||Ivanka Trump (2009–present)|
|Relatives||Joshua Kushner (brother), Nicole and Dara Kushner (sisters)|
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 and education
Kushner is the eldest son of Seryl (née Stadtmauer) and the New Jersey real estate developer Charles Kushner. He was raised Orthodox Jewish in northern New Jersey. 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.
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. He interned at Manhattan District Attorney Robert Morgenthau's office. He has a brother, Joshua Kushner, who is also a businessman and two sisters, Nicole Kushner and Dara Kushner.
In July 2006, at age 25, Kushner purchased The New York Observer, an influential weekly New York City newspaper, for $10 million. Since purchasing The Observer, he has pushed for changes that increased sales and created a new focus for the paper, [clarification needed] moving towards a tabloid format.
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. In December 2011, The New York Post reported that the paper had become profitable for the first time.
Kushner is also an active real estate investor. He was active in the Boston real estate market as a student 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. 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. He assumed the role of CEO in 2008 at 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.
On August 18, 2014, Kushner acquired a three-building apartment portfolio in Middle River for $37.9 million with Aion Partners. Between 2013-2014, Kushner remained an active buyers of multifamily properties in New York, New Jersey and the Baltimore area after his company acquired more than 11,000 units throughout the three states.
In May 2015, he purchased 50.1% of the Times Square building for $295 million.
LA Dodgers bid
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- The New York Observer official website
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