Jared Kushner’s Hacked iPhone: The Alleged $2 Billion Secret Money Trail

A newly published book excerpt contains an extraordinary allegation: Russian military intelligence hacked Jared Kushner’s iPhone, Dutch intelligence later gained access to the same device, and what appeared on its screen allegedly exposed secret financial arrangements involving hundreds of millions of dollars.

The claims come from investigative journalist Matthew Cole’s forthcoming book Princes and Thieves, excerpted by Vanity Fair on October 22, 2026. They are serious, disputed, and, importantly, have not been independently established through publicly released banking records.

The Russians allegedly got there first

According to Cole, the story began in 2017 when Dutch military intelligence, the MIVD, recruited a Russian GRU operative who gave them access to a sensitive Russian intelligence server in Rostov.

On that server, Dutch intelligence allegedly discovered screenshots captured from Kushner’s iPhone X.

Rather than merely admiring Russia’s collection of other people’s private information, the Dutch reportedly reverse-engineered the vulnerability. By early 2018, Cole says, they could see images of Kushner’s screen while he used the phone.

The reported access did not include his microphone or camera, but it allegedly provided a continuous window into what appeared on his display. The MIVD has declined to publicly confirm or deny its operational methods, sources, or knowledge.

And then came the bank account

According to the book, Dutch intelligence watched Kushner log into an account at First Abu Dhabi Bank connected to the UAE-based Watani Al Emarat Foundation.

Cole alleges that roughly $750 million passed into this account, including funds routed through Azerbaijan.

Even more dramatically, the book claims leaders in the UAE and Saudi Arabia ultimately placed at least $2 billion across two accounts to which Kushner allegedly had access, including another account associated with approximately $1 billion.

The allegations are particularly significant because Kushner was serving as a senior adviser to Donald Trump during this period and played a major role in Middle East diplomacy.

That creates rather obvious questions about conflicts of interest, disclosure requirements, foreign influence and whether private financial arrangements overlapped with public policy.

Kushner says none of it happened

Kushner has categorically denied the allegations.

He says the book provides no bank statements, account numbers, wire-transfer records, transaction dates or other independently verifiable documentation proving the alleged accounts existed.

His attorney Chad Mizelle went further, saying the accounts simply do not exist and describing the allegations as defamatory.

And that distinction matters.

At present, the hacked-phone story and alleged financial arrangements are claims reported by Cole based largely on intelligence sources, not findings established by a court or supported publicly by released banking documentation.

Still, if additional evidence emerges, the most remarkable part of the story may not be that foreign intelligence services were interested in someone so close to a U.S. president.

That part is practically espionage’s job description.

The remarkable question would be what, exactly, they were watching him do.