Kushner Faces Potential Congressional Scrutiny Over Foreign Business Dealings

Jared Kushner is "whining like a little baby" about media coverage, according to the MeidasTouch host, but the real story is about how billions of dollars from Middle Eastern autocrats flowed through his private equity firm into Israeli military companies that surged in value as the Gaza war escalated.

The Investment Structure

Kushner's firm Affinity Partners holds a 7.4% stake in Phoenix Financial, an Israeli financial institution managing approximately $220 billion across thousands of investments. Kushner describes Phoenix as "the Israeli equivalent of Vanguard or Fidelity," but the comparison obscures a crucial detail: Phoenix invests heavily in Israeli defense contractors. CNN reported that at least $456 million from Phoenix has flowed into nine firms supplying Israel's military, including $265 million into Elbit Systems (Israel's largest armsmaker, whose stock rose 376% over four years), $40 million into Reshiv Technologies (which makes fuses for shells used in Gaza), and $68 million into Next Vision (which produces cameras for military drones used in Gaza). Phoenix also holds stakes in Caterpillar, whose D9 bulldozers have been used by the Israeli military in Gaza and elsewhere.