Just shortly before the Chinese President is set to visit President Donald Trump at his “Winter White House” Mar-A-Lago, Trump’s son-in-law is receiving a particularly generous deal from Chinese company Anbang Insurance Group.
Jared Kushner’s family currently owes $250 million to China through Kushner Companies, a substantial sum. But rather than continuing to owe the large sum, AIG is prepared to forgive the majority of that debt if the family can pay just $50 million.
The deal is: AIG will invest in a Kushner Companies-owned office tower located on 5th avenue. AIG will pay a whopping $4 billion to invest. Even the most generous estimates claim that the building is worth $2.85 billion.