An explosive forthcoming book by investigative journalist Matthew Cole alleges that Jared Kushner, who served as a senior White House adviser during Donald Trump’s first term, maintained secret financial ties to Gulf rulers and Prime Minister Benjamin Netanyahu, utilizing billions of dollars in foreign bank transfers while shaping U.S. Middle East policy, The Guardian reported.
The allegations, detailed in excerpts published by Vanity Fair from the upcoming book Princes and Thieves: Jared Kushner and Mohamed bin Zayed’s Secret Plot to Remake the Middle East, center on a digital surveillance operation conducted by Dutch military intelligence. According to the text, Dutch spies hacked Kushner’s iPhone and monitored him logging into a United Arab Emirates bank account that had received hundreds of millions of dollars from an institution in Azerbaijan.
The book claims that Emirati leader Mohamed bin Zayed and Saudi Arabia’s Mohammed bin Salman initially discussed establishing a political slush fund exceeding $10 billion to support the incoming Trump administration. That broader concept reportedly narrowed into at least $2 billion split between the two Gulf royals and funneled into separate bank accounts accessible to Kushner outside conventional U.S. government oversight.
The Azerbaijani Transfers and the Bank of Israel Connection
Among the most contentious claims in Cole’s work is a roughly $1 billion transfer executed in 2018. Ynetnews noted that Netanyahu allegedly urged Kushner to deposit $1 billion of these secret UAE funds into an account at the Bank of Israel, where the capital would be associated with government funds rather than with Kushner personally.
During this period, Kushner faced severe personal financial pressure. The family real estate firm, Kushner Companies, was confronting a looming billion-dollar debt maturity on its flagship Manhattan office building at 666 Fifth Avenue. Simultaneously, Kushner spearheaded the administration’s Israeli-Palestinian peace initiatives and the diplomatic groundwork that ultimately produced the Abraham Accords.
| Transaction / Arrangement | Alleged Source | Reported Destination / Details |
|---|---|---|
| Initial Proposal | UAE & Saudi Arabia | Proposed $10+ billion fund to back U.S. foreign policy goals |
| Gulf Payments | Mohamed bin Zayed & Mohammed bin Salman | At least $2 billion distributed across concealed accounts |
| The 2018 Transfer | Emirati leader via Azerbaijan | Approximately $1 billion routed to the Bank of Israel |
It remains unclear how the royals formally organized their $2 billion in combined payments, though records examined by intelligence operatives indicate they effectively split the cost.
Categorical Denials and Unresolved Questions
Kushner has pushed back aggressively against the disclosures, issuing statements via social media that dismissed the investigative findings entirely. WION reported that Kushner characterized the publication’s excerpts as containing outrageous and categorically false claims.
“The allegations made by this author are completely insane and never happened,” Kushner wrote on X.
Kushner maintained that despite enduring intense scrutiny, multiple congressional inquiries, and over 30 hours of voluntary testimony during and after his White House tenure, none of these financial allegations ever surfaced previously. His legal counsel did not respond to subsequent inquiries from international press outlets.
As the political fallout intensifies, the core questions raised by the intelligence disclosures remain unanswered. Investigators have yet to publish verifiable wire transfer records, official bank statements, or exact account numbers to substantiate the mechanics of the alleged multi-billion-dollar network.
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