AP's Bernard Condon reports that according to a financial disclosure report filed in 2019, Kushner's holding in Cadre was worth somewhere between $25 million and $50 million. Kushner, who is President Donald Trump's son-in-law and is married to White House Senior Adviser Ivanka Trump, co-founded the company with his brother, Joshua Kushner, and associate Ryan Williams (now Cadre's CEO).
According to AP, a filing at the Office of Government ethics that was recently released shows that Kushner received permission to defer capital gains taxes on the sale.
Interviewed on condition of anonymity, a source described by Condon as someone "familiar with the sale" told AP that in 2019, Cadre urged Jared Kushner to consider selling his holding in the company because potential investors might think there were conflict of interest concerns given his position in the White House.
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