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Posted On: 12/05/2022 5:23:40 PM
Post# of 126641
Hey puTzz this should help
But the Saudis agreed to pay Mr. Mnuchin’s firm only a 1 percent asset management fee, compared to 1.25 percent for Mr. Kushner’s, the documents indicate. On a $2 billion investment, that would pay his firm $25 million a year, not including a share of any profits earned by the Affinity fund.
Both firms agreed to open regional offices in Riyadh, which the Saudi government says it will soon require of any international company doing business with the kingdom.
https://www.nytimes.com/2022/04/10/us/jared-k...-fund.html
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Why did the Saudi's give Jared
Kushner $2 billion
But the Saudis agreed to pay Mr. Mnuchin’s firm only a 1 percent asset management fee, compared to 1.25 percent for Mr. Kushner’s, the documents indicate. On a $2 billion investment, that would pay his firm $25 million a year, not including a share of any profits earned by the Affinity fund.
Both firms agreed to open regional offices in Riyadh, which the Saudi government says it will soon require of any international company doing business with the kingdom.
https://www.nytimes.com/2022/04/10/us/jared-k...-fund.html
===========================================
Why did the Saudi's give Jared
Kushner $2 billion
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