George Soros Backed Jared Kushner Venture Cadre With $250 Million
It turns out that George Soros is the money behind a new real estate venture called Cadre which was founded by Donald Trump’s son in law Jared Kushner and his brother Joshua Kushner.
The Real Deal has uncovered the fact that George Soros was the man who provided Cadre with a $259 million line of credit. A source told the publication, “Soros has had a long and productive relationship with the Kushner family.”
The financing was provided; even though, Soros has called President Trump a “would-be dictator.”
Cadre is an online marketplace that connects investors and operators of real estate. The company states that it enables investors to sell their interest on the secondary marketplace, thereby introducing liquidity into an antiquated industry. Cadre was founded by Ryan Williams, and Josh and Jared Kushner, and was launched in 2014.
While George Soros has provided the venture with credit, the company has so far raised $68.3 million in 2 rounds from 8 different investors, including $50 million in a series B closed just last month.
So why exactly would George Soros agree to help a new venture from Jared Kushner who is now serving as an advisor in the Donald Trump White House? After all, Soros and Trump really seem to hate one another. Well its like the famous line from “The Godfather”: Its just business, nothing personal.
Besides, George Soros offered credit to Jared Kushner and his brother Joshua Kushner and not Donald Trump.
In other George Soros news, The Irish Times is reporting that the 86 year old is now in an all out war with Hungary’s leader Viktor Orban over the latter’s attempts to limit immigration and safe haven for refugees in his country. Ironically, Orban once benefited from a scholarship provided by the Soros Foundation. George Soros was born in Hungary.
As a Holocaust survivor, Soros is especially sensitive to the plight of refugees around the world, something which can hardly be said about Hungary’s current government.
Viktor Orban built a new border fence to keep people out of Hungary just as Donald Trump would like to build a wall along America’s border with Mexico. Orban is, of course, a fan of Donald Trump while George Soros has condemned both men for their immigration policies. Orban has been accused of copying Vladimir Putin by attempting to subvert Hungarian democracy and make himself into a dictator. This is something which Soros fears Donald Trump wishes to do.
For all these reasons, George Soros sees Donald Trump as another Viktor Orban.
Orban has accused George Soros of using the Soros financed NGO Open Society Initiative for Europe to destabilize his regime. Hungarian government spokesman Zoltan Kovacs told The Irish Times, “Soros calls himself Viktor Orban’s opposition, and announces that he is engaged in a campaign with a view to altering the internal political scene in Hungary. This is something that must be duly evaluated in the national security committee.”
If what has happened in Hungary in recent years really is a template for what Donald Trump might try to do in America, then George Soros is certainly ready to fight against this.