Jared Kushner Denies Book Allegations of Secret UAE-Saudi Funds

Investigative journalist Matthew Cole’s forthcoming book *Princes and Thieves* alleges that former White House senior adviser Jared Kushner accessed secret foreign bank accounts containing roughly $2 billion supplied by the United Arab Emirates (UAE) and Saudi Arabia during the Trump administration. The claim rests on a purported Dutch intelligence hack of Kushner’s phone in 2018 that allegedly revealed his login to UAE-linked accounts. Kushner’s legal team has denied the allegations and threatened legal action against the excerpt’s publisher, Vanity Fair.

Cole’s explosive claims $2 billion in Jared Kushner’s accounts, alleged UAE-Saudi financial links Kushner slams suggestions he may have acted as 'foreign agent' Daily CallerNewsweek

Cole’s reporting builds on earlier coverage of Kushner’s relationship with UAE ruler Mohamed bin Zayed (MBZ) and Saudi Crown Prince Mohammed bin Salman (MBS). The book ties the alleged funds to a “rain-y-day defense fund” intended to influence U.S. policy toward Iran and to support UAE-backed operations in Libya. The allegations were first publicized in a Vanity Fair excerpt released on October 22, 2026.

Reason

• July 30, 2026 – Kushner’s counsel sent a denial letter to the publisher.

Newsweek

• August 10, 2026 – A second denial letter was sent.

Newsweek

• October 22, 2026 – Vanity Fair published the excerpt; Kushner posted a rebuttal on X.

The Wrap

• October 23, 2026 – Kushner’s lawyers demanded removal of the excerpt and preservation of related records.

Newsweek

• October 27, 2026 (scheduled) – Publication of *Princes and Thieves* by Simon & Schuster.

The Wrap

• Alleged total “slush fund”: ? $2 billion.

Newsweek

• “Alpha” account at First Abu Dhabi Bank: ? $750 million.

Daily Caller

• “Beta” account allegedly moved ? $1 billion to Israel via Azerbaijan.

Newsweek

• Attorney Chad Mizelle issued a notice to Vanity Fair, labeling the allegations “false and defamatory.”

The Wrap

• Former President Donald Trump called the story “a totally false story.”

Newsweek

• White House principal deputy press secretary Anna Kelly described the report as “baseless smears.”

Newsweek

• House Democrats and White House officials have challenged the credibility of the claims, demanding evidence and calling for a congressional inquiry.

Newsweek

• Israeli negotiator Gershon Baskin noted that the Central Bank of Israel does not provide private banking services, casting doubt on the book’s description of an Israeli-based account.

Reason

• The book asserts that funds were deposited in a “government-type” account at Israel’s central bank, while Israeli officials dispute the feasibility of such an arrangement.

Reason

• No independent verification of the alleged accounts or transfers has been provided; Vanity Fair has noted the lack of bank statements or wire records.

The Wrap

• “We denied every one of these claims on the record, yet the author failed to provide a single shred of evidence to substantiate any of them,” — Jared Kushner, an attorney

Kushner slams suggestions he may have acted as 'foreign agent'

• “We formally put Vanity Fair and Condé Nast on notice regarding the false and defamatory allegations published about our client, Jared Kushner,” — Chad Mizelle, attorney

Newsweek

• “As they monitored Kushner’s phone, they discovered he used it to log in to a UAE bank account,” — Matthew Cole, investigative journalist

Kushner slams suggestions he may have acted as 'foreign agent'

Kushner’s legal team is poised to pursue litigation if Vanity Fair does not remove the excerpt. The book’s release is scheduled for October 27, 2026, and further legal filings may follow depending on the publisher’s response.

The Wrap