- Jared Kushner plans to start an investment firm, Reuters reported on Wednesday.
- The move will shift Kushner away from politics, sources told the news outlet.
- Kushner has laid low since leaving the White House in January.
- See more stories on Insider’s business page.
Jared Kushner, ex-White House senior advisor to former President Donald Trump, plans to move away from politics and start an investment firm, according to a Reuters report on Wednesday.
Sources close to the matter told the news outlet that Kushner is finalizing the launch of Affinity Partners, an investment company that will be headquartered in Miami. The firm is still in its planning stages and is expected to launch in the coming months, according to the sources.
Kushner is also aiming to open an office in Israel, which would establish regional investments between the country and India, North African and Gulf nations, sources told Reuters.
Since leaving the White House in January, Kushner has been out of the public spotlight and moved to Florida with his wife, Ivanka Trump, and their two children.
He has spent the past six months writing a book about his time working for Trump, according to Reuters. Kushner secured the book deal with Broadside Books, a conservative imprint of HarperCollins. Trump was reportedly envious of the seven-figure advance that Kushner received for the memoir, according to a CNN report in June.
The New York Times reported last month that Kushner has told some of Trump’s closest advisors that he wants to have a “simpler relationship” with his former boss and father-in-law. As Trump remains in the political sphere, hosting rallies and endorsing GOP candidates for the 2022 midterms, Kushner has largely been absent from his circle.
Trump’s fixation on the 2020 election has driven Ivanka and Kushner away, CNN reported in June. Although the couple resides in Miami, not too far from Trump’s Mar-a-Lago resort, they’ve been visiting him less and less frequently, the report said.
Kushner previously served as chief executive of his father’s real estate firm, Kushner Companies, before he resigned in 2017 to work for the Trump administration.
In his White House role, Kushner particiapted US negotiations in the Middle East. He later assisted with the Trump administration’s response to the coronavirus pandemic.