President-elect Donald Trump’s incoming Middle East adviser, Massad Boulos, has enjoyed a reputation as a billionaire mogul at the helm of a business that bears his family name.
Mr. Boulos has been profiled as a tycoon by the world’s media, telling a reporter in October that his company is worth billions. Mr. Trump called him a “highly respected leader in the business world, with extensive experience on the international scene.”
The president-elect even lavished what may be his highest praise: a “dealmaker.”
In fact, records show that Mr. Boulos has spent the past two decades selling trucks and heavy machinery in Nigeria for a company his father-in-law controls. He is chief executive of the company, SCOA Nigeria PLC, which made a profit of less than $66,000 last year, corporate filings show.
There is no indication in corporate documents that Mr. Boulos, a Lebanese-American whose son is married to Mr. Trump’s daughter Tiffany, is a man of significant wealth as a result of his businesses. The truck dealership is valued at about $865,000 at its current share price. Mr. Boulos’s stake, according to securities filings, is worth $1.53.
As for Boulos Enterprises, the company that has been called his family business in The Financial Times and elsewhere, a company officer there said it is owned by an unrelated Boulos family.
Mr. Boulos will advise on one of the world’s most complicated and conflict-wracked regions — a region that Mr. Boulos said this week that he has not visited in years. The advisory position does not require Senate approval.
Leave a comment