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AdvertisementDonald Trump Jr. will not take on a White House role, opting instead for the VC firm 1789 Capital. The venture capital firm that Donald Trump Jr. is reportedly joining eschews investments that push social and environmental issues and instead focuses on what it calls "EIG," or entrepreneurship, innovation, and growth. Like 1789 Capital, Trump Jr. has long been a proponent of the parallel economy, also called the "patriot economy," a term used by MAGA conservatives to refer to businesses that align with their traditional values. And Trump Jr.'s connection to Malik, the president of 1789 Capital, includes the pair's mutual support of a parallel economy platform called PublicSquare. Representatives for Trump Jr. through the Trump Organization and the Trump transition team didn't respond to a request for comment from BI.
Persons: Donald Trump Jr, Omeed Malik, Tucker, EIG, , Tucker Carlson's, Donald Trump's, Omeed Malik —, Christopher Buskirk, Malik, Buskirk, deglobalization, MAGA, Trump, Malik didn't, Tucker Carlson, Jordan Cohen Organizations: The New York Times, Bloomberg, Trump Jr, Bank of America, Farvahar Partners, Trump, Republican National Committee, New York Stock, Time Magazine, Tucker Carlson Network, Fox News, Trump Organization Locations: The Florida, Beach , Florida
Read previewFormer President Donald Trump's conviction yesterday on falsifying business records hasn't dissuaded high-profile supporters on Wall Street — some of whom are newly energized by the historic verdict. "Bluntly, that's part of why I'm supporting him," Maguire, a partner at Sequoia Capital, wrote on X about a potential conviction. AdvertisementTech investor David Sacks, who was reportedly in talks to hold a Trump campaign fundraiser at his San Francisco home, denounced the guilty verdict on X. "A sham trial designed for one purpose: to brand Donald Trump as a 'felon,'" Sacks wrote yesterday on X. AdvertisementIt wasn't only prominent business leaders on Wall Street circling their wagons.
Persons: , Donald Trump's, hasn't, Shaun Maguire, Maguire, David Sacks, Donald Trump, Sacks, Omeed Malik, Farvahar Partners —, Malik, Trump, haven't, Bill Ackman, Ron DeSantis, DeSantis, didn't, Elon Musk, Musk Organizations: Service, Trump, Republican, Business, Sequoia Capital, Tech, San, Farvahar Partners, CNBC, National Republican, Pershing, Wall Street Journal, he's Locations: White
Veteran Wall Street executive Omeed Malik is planning to raise over $3 million and donate at least $100,000 in support of Donald Trump's campaign, the latest backer of Florida Gov. Ron DeSantis' failed bid to help the former president. Malik plans to raise at least $3 million for Trump's campaign for president, an advisor to him told CNBC. That's the same amount he raised for DeSantis' 2022 gubernatorial campaign. The advisor was granted anonymity to describe private efforts to help Trump.
Persons: Omeed Malik, Donald Trump's, Ron DeSantis, Malik, Robert F, Kennedy Jr, Weil, Joe ] Biden, Trump, Tucker, He's, PublicSquare, DeSantis Organizations: Wall, Florida Gov, Farvahar Partners, Democrat, Republicans, of Foreign Relations, Bank of America, Manges LLP, Trump voters, Amazon, CNBC Locations: Florida, New York City
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRed vs. blue economies: Belief-driven spending patterns grow across the countryHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Omeed Malik, Farvahar Partners founder and CEO, joins the show to discuss the trend and bringing Public Square public.
Persons: Brian Sullivan, , Omeed Malik Organizations: CNBC, Farvahar Partners, Public
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