Investigating the true wealth of Massad Boulos, who is set to advise Trump on Middle East affairs, reveals a vastly different financial picture than expected.
Trump's Middle East Adviser: Billionaire or Just a Truck Salesman?
Trump's Middle East Adviser: Billionaire or Just a Truck Salesman?
Massad Boulos' portrayal as a wealthy mogul raises questions amid stark financial realities.
President-elect Donald Trump's selection for his Middle East adviser, Massad Boulos, has sparked intrigue, particularly regarding his purported status as a billionaire businessman. Often highlighted as a tycoon in various media outlets, Mr. Boulos claims to run a business valued in the billions. Trump himself has praised him as a “highly respected leader” with exceptional international experience, even deeming him a "dealmaker."
However, a deeper dive into corporate records uncovers a markedly different narrative. Over the last twenty years, Boulos has primarily focused on selling trucks and heavy machinery in Nigeria, all under a company controlled by his father-in-law, SCOA Nigeria PLC. Financial records indicate that the company made a modest profit of merely $66,000 last year.
Despite widespread claims of immense wealth tied to Boulos, financial disclosures suggest that he does not possess significant riches from his ventures. The total valuation of the truck dealership is approximately $865,000, with Mr. Boulos's personal stake reported at a mere $1.53. Conversely, Boulos Enterprises, frequently referred to as a family business in esteemed publications like The Financial Times, has been clarified to be owned by an entirely unrelated Boulos family.
Notably, while he prepares to provide counsel on the Middle East—a region rife with complexity and conflict—Boulos admits he hasn't set foot there in years. Moreover, his advisory role is unique in that it does not require Senate confirmation, raising questions about his qualifications and experience in such a pivotal position.
However, a deeper dive into corporate records uncovers a markedly different narrative. Over the last twenty years, Boulos has primarily focused on selling trucks and heavy machinery in Nigeria, all under a company controlled by his father-in-law, SCOA Nigeria PLC. Financial records indicate that the company made a modest profit of merely $66,000 last year.
Despite widespread claims of immense wealth tied to Boulos, financial disclosures suggest that he does not possess significant riches from his ventures. The total valuation of the truck dealership is approximately $865,000, with Mr. Boulos's personal stake reported at a mere $1.53. Conversely, Boulos Enterprises, frequently referred to as a family business in esteemed publications like The Financial Times, has been clarified to be owned by an entirely unrelated Boulos family.
Notably, while he prepares to provide counsel on the Middle East—a region rife with complexity and conflict—Boulos admits he hasn't set foot there in years. Moreover, his advisory role is unique in that it does not require Senate confirmation, raising questions about his qualifications and experience in such a pivotal position.
