Jared Kushner’s Path to Political Power
He quickly assumed a leadership role to help the company in his father’s absence. In 2006, he bought the New York Observer, a newspaper popular among Manhattan’s power brokers and socialites, for $10 million. He served as publisher of the paper over the next decade, eventually ending the print edition in favor of an online-only presence.
In 2007, the same year Kushner graduated from New York University with degrees in both law and business, Kushner Companies bought an office building at 666 Fifth Avenue for a heavily leveraged $1.8 billion, which at that time was a record price. Continuing to exert his influence in various positions, Kushner officially assumed the role of chief executive officer of his family’s business in 2008.
