Marty Davis, the wealthy Minnesota head of a kitchen countertop manufacturing company, is a steadfast supporter of former President Donald J. Trump.
He contributed hundreds of thousands of dollars to help elect Mr. Trump in 2020, and encouraged him to fight to overturn the 2020 election results.
Mr. Davis gave Trump Media & Technology Group a $5 million loan, according to documents reviewed by The New York Times.
His loan was part of $40 million Trump Media raised from more than a dozen private investors, some of whom have helped finance efforts to elect Mr. Trump and are now likely shareholders of his social media company.
It’s not uncommon for start-ups to seek out wealthy investors for financing, but the stock holdings raise questions about the potential for conflicts of interest and undue influence over Mr. Trump should he return to the White House.
Persons:
Marty Davis, Donald J, Trump, Davis
Organizations:
Trump Media & Technology, The New York Times, Trump Media
Locations:
Minnesota