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‘Spy Sheikh’ Bought Secret Stake in Trump Company

February 1, 2026 · 1:16 pm ET · Leave a Comment

Wall Street Journal: “Four days before Donald Trump’s inauguration last year, lieutenants to an Abu Dhabi royal secretly signed a deal with the Trump family to purchase a 49% stake in their fledgling cryptocurrency venture for half a billion dollars … The buyers would pay half up front, steering $187 million to Trump family entities.”

“The deal with World Liberty Financial was signed by Eric Trump, the president’s son. At least $31 million was also slated to flow to entities affiliated with the family of Steve Witkoff.”

“The investment was backed by Sheikh Tahnoon bin Zayed Al Nahyan, an Abu Dhabi royal who has been pushing the U.S. for access to tightly guarded artificial intelligence chips … The deal marked something unprecedented in American politics: a foreign government official taking a major ownership stake in an incoming U.S. president’s company.”

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Taegan Goddard

Taegan Goddard

Taegan Goddard is the founder of Political Wire -- which for more than two decades has been one of the nation's most influential political news sites.

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