A stunning new report claims powerful Gulf nations that poured massive amounts of money into Jared Kushner’s investment firm are now furious after allegedly getting burned politically — despite paying enormous sums tied to hopes of influence inside President Donald Trump’s orbit.
According to a report from Bloomberg, governments in Qatar, Saudi Arabia, and the United Arab Emirates funneled hundreds of millions of dollars into Kushner’s private equity firm, Affinity Partners, after Trump left office.
The expectation, sources told Bloomberg, was clear: access, influence, and strategic leverage with a future Trump White House.
Instead, Gulf leaders reportedly watched Trump launch a war against Iran — a move many of those same governments strongly opposed.
Now frustration is boiling over behind the scenes.
Affinity Partners, founded by Kushner in 2021, has reportedly exploded to roughly $6.16 billion in assets, with approximately 99 percent of the money coming from foreign investors.
Bloomberg reported that Gulf governments agreed to pay Kushner tens of millions annually in fees while hoping the relationship would strengthen their standing with Trump’s inner circle.
But according to analysts and regional insiders, the Iran conflict shattered many of those expectations.
“The investments in Jared’s firm were meant to anchor ties with the Trump family,” said Sanam Vakil of Chatham House.
“The Gulf states likely felt very angered, if not let down, that the U.S. didn’t fully consider their security needs.”
The report claims Qatar in particular strongly urged the Trump administration to avoid a full-scale war with Iran.
Trump moved forward anyway.
Now some analysts believe the fallout could permanently alter how Gulf monarchies approach Trump-linked business relationships moving forward.
Cinzia Bianco of the European Council on Foreign Relations warned the Gulf states are now “grappling with the fact that their investments didn’t get them influence on something that’s really existential for them.”
The controversy is also reviving scrutiny surrounding Kushner’s unusual position in Trumpworld.
Although Kushner has insisted he serves only as a private citizen and not a formal administration official, critics argue the lines between political influence and private business remain dangerously blurred.
House Democrats, led by Jamie Raskin, reportedly opened an investigation earlier this year examining those relationships.
Kushner, however, pushed back strongly against the criticism.
“My volunteer work for the President has focused on delivering for America,” he told Bloomberg, insisting his actions were not influenced by business ties.
But as tensions rise across the Middle East and Gulf governments reportedly reassess their investments, the backlash surrounding Trump’s inner circle appears far from over.