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Jared Kushner’s private equity company reportedly has major stakes in companies that provide weapons to the Israeli military, as new reporting reveals the latest conflict of interest concerns with regard to Kushner’s role as a top Middle East negotiator for President Donald Trump, including on the Gaza genocide.

A CNN investigation published Thursday finds that Kushner’s company, Affinity Partners, holds the largest stake in a Tel Aviv-based firm called Phoenix Financial. The report, which analyzed just a fraction of Phoenix’s holdings, shows that the firm holds over $450 million across nine companies that provide weapons or equipment to the Israeli military.

The firm’s largest investment related to the Israeli military is in Elbit Systems, which is Israel’s largest weapons manufacturer, with $265 million in holdings. Its next three biggest holdings in this realm are $68 million in Next Vision, which sells cameras for attack drones; $56 million in Bet Shemesh Engines, which makes engines for military aircraft; and $40 million in Reshef Technologies, which makes electronic fuzes for artillery shells that have been used in Gaza.

Its other investments include roughly millions of dollars in Boeing, which makes bombs and bomb kits used by Israel in Gaza, and Caterpillar, whose bulldozers are used by the Israeli military to raze civilian infrastructure in Gaza and the occupied West Bank.

“All nine companies identified by CNN saw their stock value climb last year, with many stating the war in Gaza had driven demand for their businesses,” the report found.

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Affinity, which Kushner is the sole owner of, bought a 5 percent stake in Phoenix in 2024, as Israel’s genocide was reaching a high point. It then doubled its stake in the firm just before Trump was........

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