Famous American real estate developer, Charles Kushner is the founder, and chairman of Kushner Companies, New Jersey since 1985. Charles Kushner’s elder son, Jared Kushner is married to Ivanka Trump, daughter of President of the United States Donald Trump. As the son-in-law of President of the United States Donald Trump, Jared Kushner is appointed as the senior advisor to the President. Continue reading to find the estimated net worth of Charles Kushner as of 2019.
Early Life & Biography:
Charles Kushner was born on 16th May 1954 in Elizabeth, New Jersey, the U.S.A. When Charles was born, he was given the name of his late maternal uncle, Chanan who died while in the concentration camp in Holocaust. Charles Kushner’s parents, Joseph and Rae Kushner, were survivors of the Jewish Holocaust.
In the year 1949, the parents emigrated from Belarus to Elizabeth, New Jersey, the USA. Charles Kushner’s father worked as a carpenter, construction worker, builder, and real estate investor. Charles Kushner has an elder brother named Murray Kushner, and a sister named Esther Schulder. Charles Kushner has a nephew named Marc Kushner.
Charles Kushner is married to Seryl (Stadtmauer) Kushner, and they have four children including Jared and Joshua. Charles Kushner’s daughter-in-law is Ivanka Trump married to his son, Jared. Charles Kushner earned his BA from New York University, JD from School of Law of Hofstra University (1979), and MBA from New York University.
Career, Awards & Nominations:
In 1985, Charles Kushner started managing his father, Joseph’s portfolio of 4,000 New Jersey apartments. The same year, Charles founded the real estate Kushner Companies with its headquarters in Florham Park, New Jersey. Also, Charles Kushner became the chairman of the same Company.
In 1999, Charles Kushner was awarded the New Jersey’s Ernst and Young Entrepreneur of the Year. At the time, Kushner Companies had over 10,000 residential apartments, community bank, commercial and industrial properties. Also, Kushner Companies was known for its homebuilding business. Later in life around 2006, Charles moved his real estate business from New Jersey to New York City. Around early 2007, Kushner Companies spent US$1.8 billion to buy the 666 Fifth Avenue building, Manhattan.
Charles Kushner serves as one of the board members of several institutions. Charles Kushner has donated to many of the universities and communities.
Charles Kushner contributes to funding two schools in New Jersey. These schools were named after Charles Kushner’s parents.
There is a Kushner Hall built on the campus of the Hofstra University. Also, the campus of Shaare Zedek Medical Centre, Jerusalem, is named ‘Seryl and Charles Kushner Campus’ to honor their donation of $20 million.
Before 2016, Charles Kushner had donated to the Democratic Party. However, in August 2015, Charles Kushner donated $100,000 to the super PAC supporting Donald Trump. Charles Kushner supported 2016s Donald Trump’s campaign for his Presidency. Also, Charles Kushner and his wife, Seryl, were great hosts for Donald Trump organizing a reception at their New Jersey seaside mansion in Long Branch.
Net Worth & Earnings:
As of now, the estimated net worth of Charles Kushner is $2 billion. Charles Kushner owned the Insurance Company worth $2.7 billion. Charles Kushner has invested in real estate sector using the online platform that also earned $50 million. Charles Kushner and family have blue-chip tenants (the Midwest headquarters of AT&T in Charles Kushner own building in West Chicago).
Charles Kushner succeeded as a real estate businessman who founded Kushner Companies and became its Chairman since 1985. His both sons, Jared and Josh, are also successful businessmen.