Charles Kushner Net Worth 2024: How Wealthy Is The Real Estate Developer?

Charles Kushner is a well-known American real estate developer and former attorney who gained widespread attention for both his successful business ventures and his legal troubles. As the founder of Kushner Companies, Charles has played a major role in the development of luxury properties, particularly in New Jersey and New York. 

However, his career is not without controversies. He faced disbarment as an attorney and a legal case that led to a conviction. Despite these challenges, Kushner remains a notable figure in the real estate and political world. Read on to find out more about his life and career journey.

Early Life

Charles Kushner was born on 16th May 1954, in Elizabeth, New Jersey to Jewish parents who were Holocaust survivors. His parents were Rae Kushner and Joseph Berkowitz. His father had immigrated to the United States after World War II and worked as a builder and real estate investor. Charles was exposed to the real estate world at an early age because of his father’s profession.

Charles earned his undergraduate degree from Hofstra University. Later, he attended the New York University School of Law, where he obtained his Juris Doctor degree. His legal background was an asset to the family’s real estate business. After completing his education, he started working alongside his father and helped him grow the family’s real estate holdings.

Career

Charles Kushner officially founded Kushner Companies in 1985. Under his leadership, the company expanded rapidly and became a major player in the New Jersey and New York markets. The company was involved in managing, acquiring, and developing commercial, residential, and industrial properties.

One of the most notable acquisitions by the company was the purchase of the 666 Fifth Avenue building in Manhattan in 2007. The purchase of this property proved to be a major move for the Kushner family. It helped them rise higher in the New York real estate scene.

However, Charles Kushner’s career took a dramatic turn in 2004 when he was investigated for illegal campaign contributions, witness tampering, and tax evasion. He was accused of making illegal donations through his real estate company. On top of that, he attempted to interfere with the investigation by hiring a prostitute to seduce his brother-in-law, who was cooperating with authorities. 

These actions led to his arrest and he pled guilty in 2005. He was sentenced to two years in prison and was disbarred from practising law. After his release, Charles Kushner returned to his real estate business, but he kept a lower profile.

Personal Life

Charles Kushner is married to Seryl Kushner, and together they have four children. The Kushner family is well-known for their connections to politics and business, particularly because of his son, Jared Kushner’s marriage to Ivanka Trump, the daughter of former U.S. President Donald Trump.

Net Worth

Despite the legal challenges, Charles Kushner remains a wealthy man. As of 2024, his net worth is estimated to be around $1.8 billion. A major chunk of his wealth comes from Kushner Companies, which include high-end residential and commercial properties in New York and New Jersey.