Skip to main content
Quanta Report
PoliticsMiddle East

Debunking the Billionaire Myth: Trump's Middle East Adviser Revealed as Truck Dealer

Massad Boulos, touted as a billionaire by media and Trump, is actually a truck salesman with limited financial success, raising questions about his upcoming advisory role.

By Ruth Maclean, Justin Scheck, Charles Homans and Oladeinde OlawoyinSource: nytimes.com1 min read
Debunking the Billionaire Myth: Trump's Middle East Adviser Revealed as Truck Dealer
Image via nytimes.com

In brief

Massad Boulos, appointed as Middle East adviser to Donald Trump, has been portrayed as a wealthy businessman, yet financial records reveal he has little more than a modest truck dealership. His lack of experience in Middle Eastern affairs and actual wealth questioned as he prepares to advise on complex regional issues.

In a surprising turn of events surrounding the Trump administration, the individual selected to serve as the incoming Middle East adviser, Massad Boulos, has been depicted in glowing terms as a billionaire mogul. However, an investigation into his financial standing and professional background paints a very different picture. Although Mr. Boulos has garnered headlines as a powerful dealmaker, the reality is that he has spent the last twenty years primarily selling trucks and heavy machinery in Nigeria, specifically through a company controlled by his father-in-law. Despite claims of immense wealth, corporate filings indicate that his business, SCOA Nigeria PLC, generated a profit of less than $66,000 last year. Mr. Boulos, who is of Lebanese-American descent and is the father-in-law of Tiffany Trump, appears to have accumulated no significant wealth from his ventures. The valuation of his truck dealership sits at a mere $865,000, while his personal stake amounts to only $1.53, according to securities filings. The company Boulos Enterprises, often referenced as his family-run establishment by various media outlets, seems to have no direct ties to him, as it is reportedly owned by a different Boulos family entirely, further complicating the narrative of wealth.With an advisory role concerning one of the world’s most conflicted regions, Boulos has admitted to lacking recent experience in the area, having not visited in years. Surprisingly, this position does not require Senate confirmation, allowing him to step into a role fraught with challenges without extensive preparation or qualification. As scrutiny continues regarding Massad Boulos’s credentials and net worth, it raises critical concerns about the effectiveness of his guidance in navigating Middle Eastern relations for the Trump administration.

Topics

More on this story