Jared Kushner, the son-in-law of President Donald Trump who served as a senior advisor in his first-term Cabinet, has recently joined the ranks of America's billionaire class, according to Forbes.

This week, the business outlet estimated that his net worth now stands at just over $1 billion, up from $900 million in 2024. Forbes attributed this to real estate investments, "new funding from his Middle Eastern backers," as well as the recent success of Affinity Partners, the private equity firm Kushner founded in 2021.

Newsweek has contacted Kushner via Affinity Partners through their website for comment.

Why It Matters

The U.S. is home to 902 billionaires according to the most recent tally from Forbes, up from the 813 billionaires it counted in 2024. Despite this growth, what Forbes c

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