Phoenix Financial

Also written as: a Tel Aviv firm called Phoenix Financial

Involved in

• Two forensic accountants in Israel separately reviewed the records and concluded, despite inconsistencies, the filings analyzed by CNN are Phoenix’s holdings.

• Phoenix invested at least $40 million in Reshef Technologies, which reported $165 million worth of orders from the Israeli Ministry of Defense since the start of the war.

• Kushner’s attorney told CNN Kushner has never participated in or directed Phoenix’s decisions on where to invest, adding he had no involvement in the decision to purchase, hold or sell any of the nine companies highlighted by CNN and has never been on Phoenix’s board.

• Jared Kushner acted as a key negotiator in the war in Gaza while his private‑equity company Affinity Partners held the largest stake in an Israeli firm that backs businesses involved in Israel’s military campaigns.

• Phoenix has invested hundreds of millions of dollars into Israel’s largest arms manufacturer, Elbit Systems.

• Affinity Partners is the largest stakeholder in Phoenix Financial.

• Kushner told Forbes last September that he maintains a very active dialogue with the financial group, meeting every few weeks with its leadership.

• Phoenix Financial has poured hundreds of millions of dollars into nine separate groups that supply the IDF with military equipment such as drones, warships, and demolition machinery.

• Affinity does not directly hold a stake in the nine companies but stands to reap rewards when Phoenix makes a profit.

• Phoenix also holds stakes in at least eight other companies providing equipment for the Israeli military ranging from drones to warships to demolition machinery.

• Kushner’s firm cashed out a quarter of its stake in Phoenix in July for more than $340 million, a return of more than five times its initial stock purchase.

• His attorney confirmed that statement was accurate at the time and that Kushner regularly spoke with Phoenix management about the company, broader market trends and potential strategic opportunities.

• Phoenix’s largest stake among the firms is in Elbit Systems, worth at least $265 million, and Phoenix holds at least a 0.6 % stake in Elbit for more than a decade.

• CNN used Israeli financial transparency laws to trace some of the military‑linked investments of Phoenix Financial, a Tel Aviv‑based firm that Kushner’s investment group doubled its stake in last year, shortly before Donald Trump returned to the Oval Office.

• Phoenix holds a $4 million investment in Boeing, whose products include fighter jets, helicopters, and small‑diameter bombs used by Israel.

Statements attributed to it

Nothing in the record is attributed to this entity as a speaker.

Origin: first recognised while reading Israel's largest arms manufacturer was just exposed for being bankrolled by a financial firm in which Jared Kushner, Donald Trump's son-in-law, is the largest shareholder · 2026-10-02 06:54