Tiffany Trump’s Father-in-Law, Massad Boulos May Be a Fake Billionaire

Massad Boulos

By Mary Jones & Tony Bruce | Sunday, December 15, 2024 | 4 min read

When The Daily Beast first reported that Tiffany Trump’s father-in-law might not be the ultra-wealthy business mogul he’s often portrayed as, it sparked widespread curiosity. Intrigued by the claims, we decided to dig deeper, sending a team to Nigeria to uncover the truth. What we found was surprising and paints a very different picture of the Boulos family’s financial reality.

According to reporting from The New York Times, Massad Boulos—Donald Trump’s soon-to-be Middle East adviser—has spent the last two decades working as a truck and machinery salesman for a Nigerian company. Contrary to the image of a billionaire businessman with global influence, the company he works for reported a modest profit of just $66,000 in 2023.

Massad Boulos—Donald Trump
Massad Boulos—Donald Trump’s soon-to-be Middle East adviser

However, there’s another possible layer to the story. The economic dynamics in Nigeria, where the local currency has significantly depreciated against the dollar, may be a factor. In a system where exchange rates can dramatically skew perceptions of wealth, it’s not uncommon for people to be labeled as “millionaires” or “billionaires” locally, even if their actual purchasing power is far more modest on a global scale.

This context is important when examining the narrative surrounding Boulos. While his business history may be legitimate, the idea of immense, global wealth appears to be exaggerated—possibly a product of both local economic conditions and a carefully crafted public image. It’s a reminder of how complex financial reputations can be, especially when they’re framed against the backdrop of different economic systems.

These findings stand in stark contrast to the image of wealth and prestige that has surrounded the Boulos family. It raises important questions about how this narrative of financial power gained traction in the first place. While Massad Boulos’s business background may be legitimate, the idea of immense wealth appears to be more fiction than fact.

This story is a reminder of how carefully crafted public personas can often mask far more modest realities—and how much we take such portrayals at face value.

We also investigated several reports linking Massad Boulos to a company called Boulos Enterprises, which, as it turns out, is owned by a completely different family with the same surname. This revelation further challenges the narrative of Boulos being a billionaire business mogul.

Despite these discrepancies, Boulos has been profiled by international media outlets that have praised his supposed business acumen. The Economist, for instance, recently described him as a “successful Lebanese-American businessman largely unknown in the wider world.” This portrayal fits the carefully cultivated image of Boulos as a tycoon, a narrative he seems to enjoy.

The 50-something businessman has often basked in the spotlight, receiving high praise from figures like President-elect Donald Trump, who once referred to him as a “dealmaker.” In October, Boulos went a step further, telling a New York Times reporter that he served as the chief executive of what he described as a “multibillion-dollar automotive manufacturing and distribution company” in Nigeria.

When asked for clarification by the reporter, who pressed, “Is it accurate to describe the company as multibillion-dollar?” Massad Boulos confidently stood by his claim. The company he referred to is SCOA Nigeria Plc., where Boulos serves as the Group Managing Director.

While Boulos presented this as evidence of his stature in the business world, the portrayal raises questions. The term “multibillion-dollar” suggests immense wealth and global influence, but the financial reality of SCOA Nigeria Plc appears far more modest. This disconnect between perception and reality highlights the complexities of how business figures build and project their public personas.

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However, the details of his business ventures suggest a starkly different reality. Far from the grand image of a global mogul, the truth about Boulos’s wealth and business empire remains murky at best. This raises broader questions about how such narratives are constructed—and why they often go unquestioned.

Donald Trump enthusiastically welcomed Massad Boulos onto the campaign trail this year, presenting him as a vital ally in appealing to Arab-American voters. Boulos also served as a go-between for Trump and Palestinian Authority leader Mahmoud Abbas, highlighting his emerging role as an influential figure within Trump’s inner circle.

Originally from Lebanon, Boulos relocated to Texas as a teenager and has since cultivated a truly global identity. Holding citizenship in four countries—Lebanon, Nigeria, France, and the United States—he brings an international perspective and extensive ties to the Middle East. These connections position him as a key player in Trump’s future political plans.

Set to assume the role of Middle East adviser, Boulos is stepping into a position that bypasses Senate approval but could wield immense influence. With the region’s ongoing challenges, his appointment may prove critical in shaping Trump’s foreign policy. If his influence grows, Boulos could follow in the footsteps of figures like Jared Kushner, who leveraged relationships in the Middle East to broker deals and secure significant financial gains from countries like Saudi Arabia and the UAE. Time will tell if Boulos, too, becomes a “true billionaire” under Trump’s orbit.

Copyright 2024 FN, NewsRoom.

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