Trump’s Middle East Adviser Pick Is No Billionaire

“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,” the New York Times reports.

“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.”