Charles Kushner is an American real estate developer and philanthropist who has built a powerful family business empire in the New York metropolitan area. Raised in Elizabeth, New Jersey, Charles is the son of Holocaust survivors from Novogrudok, Poland. He began his career in real estate development in 1985 ater working as a tax attorney for several years. Over the years, Charles has become one of the most successful developers and property owners on the East Coast, responsible for developing over 20,000 residential units and multiple commercial properties throughout New Jersey, New York, and Pennsylvania.
Charles has been actively involved in philanthropy for many years. Through his Kushner Family Foundation, he makes donations to various charitable causes including education and healthcare initiatives. In addition to his philanthropic efforts, he also serves on several nonprofit boards, including his alma mater Rutgers University as well as Yeshiva University’s board of trustees.
Charles is also the father of Jared Kushner, who is currently a senior advisor to President Donald Trump and chief executive officer (CEO) of Kushner Companies. While Jared has seen success in his own right as an entrepreneur and investor with a net worth estimated at over $800 million by Forbes Magazine in 2021, it was under Charles’ guidance that Jared learned the ropes of real estate development and business management.
The Kushner family continues to be a dominant force in real estate development on the East Coast with no signs of slowing down anytime soon. Thanks to Charles’ savvy business acumen and passion for helping others through philanthropy, he remains one of America’s top real estate developers today.
Source: washingtonpost.com
Kushner’s Source of Wealth
Kushner made his money primarily through his involvement in real estate. After his father was convicted and incarcerated for fraud, Kushner took over management of his father’s company, Kushner Companies, a real estate development and investment firm. He subsequently grew the company by acquiring additional properties, refinancing existing ones, and forming joint ventures with other real estate developers. Additionally, in 2006 he purchased Observer Media, the publisher of the New York Observer newspaper. Through this acquisition he gained a stake in an array of companies and investments that included office buildings, media outlets, residential buildings, retail centers and more.
The Kushner Family: An Overview of Their Business Ventures
The Kushner family is a real estate development family based in the New York metropolitan area. They originated from Novogrudok, Poland, and have a long history of bing involved in real estate development. The modern-day family business began with Joseph Kushner, who immigrated to the United States after surviving the Holocaust. He built a portfolio of 4,000 apartments and grew his real estate business from that point. Today, the Kushner family develops residential and commercial properties around the world. Their portfolio includes luxury rental buildings and office towers in Manhattan, Brooklyn, and beyond. They also provide construction management services for large-scale projects such as hotels, shopping malls, and airports. Additionally, they own numerous properties across the country ranging from apartment buildings to industrial warehouses. By utilizing their extensive expertise in real estate development, they have become one of the most successful real estate families in America.
Source: scmp.com
Conclusion
Charles Kushner is an American real estate developer and the patriarch of the Kushner family. He was born in Novogrudok, Poland, and emigrated to the United States as a child. After surviving the Holocaust and settling in New Jersey, Joseph began building his portfolio of 4,000 apartments. His son Jared took over management of the company and grew their wealth, with Forbes estimating his worth at over $320 million at the start of 2021. Charles’ legacy is that of a resilient survivor and successful entrepreneur who has provided his family with numerous opportunities for success in the world of business.
