Jared Kushner's Investments Under Scrutiny Amid Gaza Conflict Negotiations

<figure><img alt="Jared Kushner looks on during a swearing-in ceremony of Special Envoy Steve Witkoff" src="https://thedailybeast-thedailybeast-prod.web.arc-cdn.net/resizer/v2/6SRSNW2PLZCG5DAKFL6AVWGZ3I.JPG?auth=c19a04fbdbe061ba04daf3986919a39bd053bbb5e4b171b2631772d7463ae592&amp;smart=true&amp;width=3463&amp;height=1948" /><figcaption>Kent Nishimura / REUTERS</figcaption></figure><p>Jared Kushner has been involved in negotiations to end the conflict in Gaza while his company, Affinity Partners, holds a significant investment in a group that invests in Israeli military suppliers. </p><p>Affinity Partners is reported to be the largest shareholder in Phoenix Financial, a Tel Aviv-based group that has invested at least $456 million in nine companies that supply weapons and equipment to Israeli forces, according to CNN. </p><p>While Affinity does not directly own shares in those nine companies, CNN found no evidence that Kushner's diplomatic efforts during his time in the Trump administration influenced Phoenix's investment choices.</p><img alt="Kushner is facing scrutiny over potential conflicts of interest in his informal role as a Trump diplomat. / GENYA SAVILOV / AFP via Getty Images" height="1333" src="https://thedailybeast-thedailybeast-prod.web.arc-cdn.net/resizer/v2/HAETU55G6RE6ZBE3NODWQ7PBLM.jpg?auth=115135126ccacca3b00faed239a399f8a57d679fec3c51e5a30e64525e8a70e4&amp;smart=true&amp;width=2000&amp;height=1333" width="2000" /><p>This situation has raised concerns regarding potential conflicts of interest due to Kushner's roles as both a private investor and an unofficial representative of the White House in a sensitive geopolitical context.</p><p>Affinity Partners initially acquired a 4.95 percent stake in Phoenix for $128.5 million in July 2024 and increased its investment shortly before Donald Trump returned to office in January 2025.</p><img alt="The president and other members of his family have faced similar allegations since he retook the White House last year. / Jonathan Ernst / REUTERS" height="4000" src="https://thedailybeast-thedailybeast-prod.web.arc-cdn.net/resizer/v2/T2PUDOWJBZDTLMP5BCOT2RJFGI.JPG?auth=29d2bfec4f2da20e0ea17fd8eb3f8319e23624b2a29f067863718a16b1a2d206&amp;smart=true&amp;width=6000&amp;height=4000" width="6000" /><p>Affinity sold about 25% of its Phoenix holdings in July for $340 million, yielding a fivefold return on its initial investment, and retains a 7.4 percent stake in Phoenix, valued at over $1 billion at the time of the sale.</p><p>Phoenix's investments include at least $265 million in Elbit Systems, Israel's largest arms manufacturer, over $68 million in drone-camera manufacturer Next Vision, approximately $56 million in military-engine producer Bet Shemesh Engines, and at least $40 million in Reshef Technologies, which produces electronic fuses for artillery shells.</p><img alt="Rep. Jamie Raskin and other Democrats have pledged investigations if the party retakes the House in November. / Elizabeth Frantz/Reuters" height="2987" src="https://thedailybeast-thedailybeast-prod.web.arc-cdn.net/resizer/v2/TLXRZWYB4FGORLX2663J2YUCB4.JPG?auth=745fcfb16c128a3e48dac21d16afd2781d0beb98259d75981daf6f5282970ae7&amp;smart=true&amp;width=4480&amp;height=2987" width="4480" /><p>Kushner has played a key role in Middle East negotiations during Trump's second term, including the ceasefire agreement between Israel and Hamas in October 2025 and plans for Gaza's reconstruction.</p><p>He has also participated in discussions regarding the conflict in Ukraine and U.S. relations with Iran, although he held no formal White House position before being named a Special Envoy for Peace in February.</p><p>Prior to this appointment, Kushner was not subject to the same financial disclosure requirements as government officials. His current title does not classify him as a government employee, leaving ambiguity regarding applicable federal ethics rules.</p><p>Kushner previously served as a senior adviser to Trump during the first administration, resigning from his family's real estate business and divesting from foreign investments to prevent conflicts of interest.</p><p>His attorney stated that Kushner has not been involved in Phoenix's investment decisions and had no role in the purchase or sale of the identified companies.</p><p>The Daily Beast has reached out to the White House, Kushner's representatives, and Affinity Partners for comments on this matter.</p><video id="m9uaa7aa" poster="https://cdn.jwplayer.com/v2/media/m9uaa7aa/poster.jpg"><source src="https://cdn.jwplayer.com/videos/m9uaa7aa.mp4" type="video/mp4" /></video><p>Democrats have indicated that Kushner may face congressional scrutiny if they gain control of the House in the upcoming midterm elections, where they currently lead by nearly 9 points over the Republican Party.</p><p>Representative Jamie Raskin stated that Kushner is a corporate executive they will need to question if the election results favor their party. He noted that Kushner has not responded to two inquiries regarding Affinity's dealings with Saudi Arabia, Qatar, and the UAE during his diplomatic efforts.</p><p>Raskin has also expressed interest in investigating other family members of Trump, who have faced similar allegations of conflicts of interest as their wealth has increased since Trump resumed the presidency.</p><p><a href="https://www.thedailybeast.com/trumps-son-in-law-jared-kushner-busted-as-secret-dealings-in-israel-come-to-light/">Read more at The Daily Beast.</a></p>