Story perspectives

Kushner Holds 7.4% Phoenix Stake, Raskin Wants Talks

By Drooid · Oct 3, 2026, 8:02 PM UTC · How we work

Summary

Story summary

U.S. envoy Jared Kushner holds a 7.4% stake in Israel’s Phoenix Financial, a defense-supplier investor.
Affinity Partners bought a 4.95% Phoenix stake for $128.5 million in July 2024 and doubled it in January 2025.
Affinity sold about a quarter of its Phoenix holdings in July for over $340 million, a five-fold return.
Democratic Rep. Jamie Raskin said Kushner “is an executive that we will need to talk to” if Democrats win the House.

History

Historical Context

After the 1991 Gulf War, the Pentagon paid Halliburton’s Brown & Root $8.5 million to study private-military forces, and by 2002 KBR won a $7 million contract for Camp X-Ray and a LOGCAP award to fight Iraqi oil-well fires. When Cheney became Halliburton CEO in 1995, the firm later secured multi-hundred-million Iraq reconstruction deals, creating a precedent for today’s scrutiny of Jared Kushner’s 7.4 % stake in Phoenix Financial.

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Story summary

U.S. envoy Jared Kushner holds a 7.4% stake in Israel’s Phoenix Financial, a defense-supplier investor.
Affinity Partners bought a 4.95% Phoenix stake for $128.5 million in July 2024 and doubled it in January 2025.
Affinity sold about a quarter of its Phoenix holdings in July for over $340 million, a five-fold return.
Democratic Rep. Jamie Raskin said Kushner “is an executive that we will need to talk to” if Democrats win the House.

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