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Jared Kushner’s company has large stake in firm with Israeli military links: CNN

Affinity Partners became Phoenix Financial’s largest shareholder and later sold a quarter of its stake for more than $340 million, CNN reported.

  • On Thursday, CNN reported that Jared Kushner, Donald Trump's son-in-law and Middle East envoy, holds a major stake in Phoenix Financial through his investment firm Affinity Partners, an Israeli company with holdings in military-linked businesses.
  • Shortly before Trump returned to office last year, Affinity Partners doubled its investment in Phoenix, becoming the largest shareholder in the Tel Aviv-based financial group amid Israel's escalating war in Gaza.
  • Phoenix has invested hundreds of millions of dollars into Elbit Systems, Israel's largest arms manufacturer, and holds stakes in at least eight other companies providing equipment for Israeli military operations in Gaza.
  • Ethics counsel Cynthia Brown of Citizens for Responsibility and Ethics in Washington described Kushner's work as an 'unprecedented dual role,' though his attorney told CNN Kushner had 'never participated in or directed Phoenix's decisions.'
  • Kushner has argued that financial investments in Israel and Arab nations incentivize peace, telling the No Priors podcast last September, 'When you get an Arab and Israeli together and they start talking about a business opportunity, they forget about everything else.
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Center

By Allegra Goodwin, Katie Polglase and Majlie de Puy Kamp At the same time that Jared Kushner has acted as key negotiator in the Israeli war in Gaza, his private equity company, Affinity Partners, has maintained the largest stake in an Israeli firm that supports companies involved in Israel's military campaigns,

·Panama City, United States
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Far Left

An international press investigation, using Israeli financial transparency laws, concluded that Kushner's firm, Affinity Partners, holds the largest stake in Phoenix Financial, an investment firm based in Tel Aviv.

·Caracas, Venezuela (Bolivarian Republic of)
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CNN broke the news in Atlanta, United States on Thursday, October 1, 2026.
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