The Billionaire Boys Club

Jared Kushner’s tangled web of Russian contacts and business dealings may prove his undoing. It also imperils the global balance of power.

Billionaire boys were all the rage at the start of this decade. Young men with last names like Zuckerberg, Thiel, Dorsey and Kushner became instant moguls in an era of free-flowing capital, unicorn dreams and billion dollar IPOs.

Against this backdrop, in 2014, Joshua and Jared Kushner and their friend, Ryan Williams, created Cadre. Williams was the public face of the operation while the Kushner boys worked investors through their V.C. fund,  Thrive Capital Partners. They raised $18 million in an initial funding round which included tech mega-stars like Sun Microsystems founder Vinod Khosla, David Yu, George Soros and PayPal founder, Peter Thiel.

Cadre was conceived as a data-driven real estate platform. A private club whose super-wealthy members gained access to the type of premium real estate deals the rest of us would have only learned about, if we…