White House adviser Jared Kushner divests from his real estate company

There have been rumors abound that both Ivanka Trump and husband Jared Kushner would leave the White House staff if the president — their father and father-in-law, respectively — is re-elected in November.

That now seems unlikely, at least for Kushner, after Bloomberg News reported that Kushner has just decided to divest his stake in the real estate company he founded in 2014. 

The rumors

The possibility of the power couple leaving the administration first started to surface in December after numerous outlets, including CNBC, reported that Ivanka Trump would not commit to staying in D.C. if her father won a second term.

Naturally, many assumed that Kushner would go where his wife goes. If she left, it stood to reason he would not be far behind.

At the time, Ivanka stated when pressed about her future in the White House: “I am driven first and foremost by my kids and their happiness, so that’s always going to be my top priority.”

She went on: “And my decisions will always be flexible enough to ensure that their needs are being considered first and foremost. So, they will really drive that answer for me.”

However, according to the report, Kushner recently transferred his shares in his company to a blind trust, which then sold the shares, valued between $25 and $50 million back to the company.

Staying put

The move by Kushner could be interpreted in two different ways. First, it could just be a move to make sure they are no conflicts of interest that could come back to haunt the Trump administration down the road.

Kushner has not been involved in the decision-making process of the company, Cadre, since 2014, but the media and Dems have used his ties to the company to point to a possible conflict of interest regarding international policy.

A second interpretation ties into that premise but goes a bit further in that it points to the implication that Kushner clearly plans on staying on during a second term.

Now, that news may not excite very many Donald Trump supporters, as Kushner is believed to have been behind or strongly influenced recent pardons by the president, as well as the push for criminal justice reform.

Either way, though, regardless of how his future pans out, this is good news in that it will be one less thing Democrats can hold over President Trump.

Share on facebook
Share to Facebook

Latest News