About Our People Legal Stuff Careers
Jared Kushner and his wife Ivanka Trump walk through the lobby of Trump Tower in New York, Friday, Nov. 18, 2016. (AP Photo/Richard Drew)

Trump's son-in-law met privately with a Chinese tycoon to discuss joint venture


Jared Kushner, who is married to Donald Trump's daughter Ivanka Trump, had a private dinner with Chinese tycoon Wu Xiaohui at the Waldorf Astoria hotel in Manhattan on Nov. 16, a week after his father-in-law won the election, according to the NY Times.

Xiaohui is the chairman of the Waldorf’s owner, Anbang Insurance Group, a Chinese financial giant with estimated assets of $285 billion. Kushner, a major New York real estate investor and close adviser to Mr. Trump, reportedly met with Xiaohui to close a deal on a joint venture in Manhattan.

This is the tweet with a link to the original NY Times story.

Conflict of interest

Sources with knowledge of the meeting told the NY Times that Mr. Xiaohui talked about wanting to meet the president-elect, which in-turn could start a dialogue that he suggested would be good for global business.

Mr. Kushner has reportedly hired a law firm to advise him on how to comply with federal ethics laws should he join the White House staff as an adviser to the president. However, should he take the role as adviser, he "would be required to make limited financial disclosures," according to the Times report.
Kushner Companies has set a record in the U.S. by paying 1.8 billion dollars for the skyscraper, center, at 666 Fifth Avenue, shown next to St. Thomas Episcopal Church in New York, Thursday Dec. 7, 2006. Another day, another New York City real estate record. This time, a Fifth Avenue skyscraper is shredding previous records for prices paid for a single office building anywhere in the country. (AP Photos/Bebeto Matthews)

Kushner Companies has acquired at least 120 properties in New York and New Jersey, according to data compiled by Real Capital Analytics. In 2006, the company set a US record by paying 1.8 billion dollars for the skyscraper pictured.

Susan Hennessey, a former IC attorney, tweeted this in reference to the meeting.

"Is his son-in-law Jared Kushner a relative under the law? Why, yes he is!"

Read Comments
Facebook Twitter Instagram Pinterest Linked In List Menu Enlarge Gallery Info Menu Close Angle Down Angle Up Angle Left Angle Right Grid Grid Play Align Left Search Youtube Mail Mail Angle Down Bookmark