Just five days after the re-election of his father, Donald Trump Jr. announced how he was going to spend the rest of his life.
“President-elect Donald Trump’s eldest son told a crowd of donors on Sunday that he would become a partner at the MAGA investment firm rather than join his father’s administration in an official capacity.”
Shocker…he went for the money. Not a job in the administration. Not service to the greater cause of MAGA. Not working as an informal adviser to the president of the United States. No, Don Trump Jr. moved immediately into private equity.
The looting has begun. During the first Trump term, Jarrod Kushner (the son-in-law) was given $3 billion by Saudi Arabia, Qatar, the UAE, and a Taiwanese billionaire. These were “investments” in his private equity firm, not bribes at all. This is legal. A Chinese crypto investor just poured $30 million into the Trump family crypto company, just the amount needed to trigger paydays for the Trumps. This is legal.
President Trump’s DC hotel was always a way of buying access and influence— after Trump left office, GOP groups cut their spending there to 1/40th of what it was. But overcharging for clean sheets can’t compete with private equity. Trump’s hotel made a few million off lobbyists; Kushner’s firm made $120 million just for taking the Saudi and other investments, with no profits reported as of this year.
Don Jr. wants what his brother-in-law Jared has: the world’s richest people handing him money.
How many billions do you think he will control, four years from now?
Citations
Kushner’s profits: https://www.nytimes.com/2024/09/25/us/politics/kushner-private-equity-saudi-arabia.html
Chinese Crypto money: https://abcnews.go.com/US/chinese-entrepreneur-sued-fraud-invests-30-million-trump/story?id=116499146
President Trump’s hotel profits: https://www.citizensforethics.org/reports-investigations/crew-investigations/republicans-said-they-spent-millions-at-trumps-dc-hotel-out-of-convenience-theyve-all-but-deserted-its-replacement/
Donald Trump Jr. Takes Surprise Job Outside the White House
President-elect Donald Trump’s eldest son has opted not to join his father’s White House in a formal role.https://www.thedailybeast.com/donald-trump-jr-joining-anti-woke-venture-capital-firm-financing-tucker-carlson/