Jared Kushners companies have been subpoenaed by the IRS

[Sam McGee]

28. $1.8 BILLION

In 2007 Kushner purchased 666 5th Avenue for $1.8 BILLION. They planned to develop the building into upscale condos, shopping and office space. Didn't work out. They bought at the height of the NYC real estate market, just before the market crashed. Their current partner told them the project is "not feasible, we want out."

Kushner has a payment of $1.3 BILLION due in January 2019.


https://www.washingtonpost.com/politics/kushner-redevelopment-plan-for-666-5th-ave-deemed-not-feasible-by-partner/2017/10/31/1214de9a-be54-11e7-97d9-bdab5a0ab381_story.html?utm_term=.098b0d6bc675

"Without the redevelopment plan, it’s unclear how the Kushner Cos. will pay off the debt. About one-fourth of the offices are empty, and the lease revenue does not cover monthly interest payments, requiring regular cash infusions."

If this were a Godfather movie, they'd be sending someone to break his legs. We can always hope.

My sainted grandmother told me never to be mean to anyone, however, I really believe she will forgive me for hoping that smarmy bastard and his blow-up doll wife both go down in flames -- really, really big flames.