Jared Kushner pockets up to $50 million after selling stake in firm that benefited from his tax breaks

According to a report from the Associated Press, President Trump’s son-in-law and top advisor, Jared Kushner, sold his stake in a company investing in Opportunity Zone projects offering tax breaks he championed, inviting criticism that he profited from his White House role.

“A filing at the Office of Government Ethics released Monday shows that Kushner received permission to defer capital gains taxes on the sale of his stake in Cadre, a digital platform for smaller investors in commercial properties,” the AP reports. “Kushner’s holding in the private Cadre was worth between $25 million and $50 million, according to a financial disclosure report he filed with federal ethics officials last year.”

Read the full report from the Associated Press.

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