Trump Media CEO's $47M Payday Despite $401M Loss; Trump Family Eyes D.C. Hotel Return, AI Bet
Trump Media CEO Devin Nunes hauled in $47 million last year, despite the company's massive $401 million loss. Meanwhile, the Trumps eye a Washington D.C. hotel comeback and their sons bet big on AI data centers. Elsewhere, a Florida man faces legal woes over a non-ADA-compliant treehouse, and insider trading suspicions surround Dominari Holdings.
Zach Everson, a Forbes journalist, focuses on the political and financial power dynamics of the Trumps. Last year, Trump Media & Technology Group (TMTG) CEO Devin Nunes earned a staggering $47 million, despite the company's hefty $401 million loss. The Trumps, it seems, are not shying away from ambitious plans. They are exploring the possibility of reclaiming the Waldorf Astoria hotel they once owned in Washington D.C.
The Trump sons, Don Jr. and Eric, have made a significant investment in AI data centers, following their father's push for industry investment. This move underscores the evolving phrase 'money is the mother's milk of politics,' now encompassing leaders using political power to enrich themselves and their families.
In Florida, Pulte Home Co. benefited from the state's 'rent a cow' provisions, paying a mere pittance in property taxes for agricultural land. This practice, along with builders using cattle on undeveloped land, has led to a $6.6 million tax shortfall in two counties. A man in Florida is currently facing legal fees and a misdemeanor charge for not making his treehouse ADA-compliant, following a neighbor's complaint about Halloween gatherings.
Insider trading suspicions have emerged regarding Dominari Holdings. Before Don Jr. and Eric Trump joined the advisory board, insiders loaded up on company shares, leading to a stock surge. The available search results do not reveal which company currently holds a 112-acre property valued at $13.1 million on Florida's Gulf Coast.
The Trumps' business ventures and political influence continue to draw scrutiny. As they eye new opportunities and face legal challenges, the intersection of political and financial power remains a hot topic. Meanwhile, tax loopholes and insider trading allegations in Florida highlight the complex interplay between business, politics, and the law.
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