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Jared Kushner Net Worth, Biography & Wiki 2017
Jared Corey Kushner was born on 10th January, 1981 in New Jersey, USA of a Jewish descent. He is a businessman and investor well known for owning The New York Observer, the weekly newspaper, and co-owning The Kushner Properties, the real estate holding and development company. The real estate mogul, Charles Kushner, is his father, and another business magnate, Donald Trump, is his father in law.
Jared Kushner Net Worth $200 Million
How rich is this businessman and investor? It has been reported that the net worth of Jared Kushner is as high as $200 million.
To start from early childhood, Jared Kushner grew up with a brother and two sisters in northern New Jersey; they were raised Orthodox Jews. He was educated at Frisch School (private high school), and graduated with a Bachelor of Science from Harvard University, and Master of Business Administration and Juris Doctor from the New York University School of Law. His brother, Joshua Kushner, became a successful businessman and investor, too. He has founded Thrive Capital, the lucrative investment company.
It was The New York Observer which Jared bought, being 25 years old, paying $10 million for a weekly newspaper of New York City, though the magazine was not profitable at the time of buying. With the advent of Kushner many changes were introduced, including the format into a tabloid, so sales were increased and new strategies implemented. After five years, (in 2011) it has been announced that publishing The New York Observer had become profitable.
In addition to this, Jared Kushner has been investing in real estate since his years at Harvard. He worked as a principal in the Kushner Companies and was an active investor in Boston. More, when his father experienced some legal problems related to tax evasion, tampering and was arrested, Jared took over his position of CEO. The company has been successfully managed though the CEO at that time was only 27 years old. As of today, Jared Kushner is a co-owner of the company, the other shareholder is still his father. Moreover, Kushner Properties has implemented one of the greatest real estate deals ever, buying and reconstructing 666 Fifth Avenue for $1.8 billion, which has become the flagship of the company. The biggest residence of the company is located in the New Jersey residential market, though. Puck Building located in New York City also belongs to the Kushner Properties. Currently, the company is working on several big projects in Jersey City which are confidently predicted to increase the wealth of the company, as well as its owners net worth in the near future.
Furthermore, it has been reported that the bid to purchase the MLB team LA Dodgers was placed by Jared Kushner in 2012, however, the bid was withdrawn.
In 2009, Jared married Ivanka Trump, the daughter of business mogul Donald Trump, who converted to Judaism before the marriage. The family has two children: a daughter and son. They reside in New York City, USA.