# @forbes on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DOqoBafkWOC
- **Gondola URL:** https://gondola.cc/posts/34558455-forbes-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/aa08bd575e.jpg
- **Posted:** 2025-09-16T14:12:08.000+00:00
- **Account Owner:** Forbes (@Forbes) — https://gondola.cc/Forbes

## Caption

Jared Kushner’s biggest private equity win so far is an Israeli business he tried to buy into more than a decade ago.

In 2014, #Kushner was 33 and the CEO of Kushner Companies, the New York City-based real estate company cofounded by his father and grandfather. Looking for new investments, he targeted the Israeli insurance and financial services firm Phoenix. Kushner entered into a tentative deal to buy a 47% stake in the company, enabled in part by a loan from the seller. All looked promising for a time. But regulatory hurdles soon proved too difficult, and the bid fell through.

Ten years later, he got a second chance. Through Affinity Partners, the private equity firm he founded in early 2021, he’s spent roughly a quarter of a billion dollars buying a nearly 10% stake in Phoenix since July 2024. One of Affinity’s biggest bets to date, it’s also the firm’s “best investment,” boasts Kushner, now 44, who says he’s already made an over 9-times return.

Thanks in part to bets like this, as well as his knack for raising funds from high-profile Middle Eastern backers, Kushner is now a #billionaire. Continue reading at the link in our bio. (Photo: John Lamparski via Getty Images)

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## Tags

kushner, billionaire

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