The Banker Behind the Trump Family’s Quick Wall Street Wins

Описание: One of the newest tenants of Trump Tower in New York City is a startup investment bank called Dominari Holdings Inc. It’s located only two stories below the headquarters of the Trump Organization — a proximity that Dominari’s president, Kyle Wool, considers a point of pride. Wool spent years cultivating a relationship with the Trump family, and since last year’s election he’s emerged as a kind of financial fixer for the president’s two eldest sons and a cadre of senior Trump Organization employees. Together they’ve struck a succession of lucrative deals. The Trump name tends to generate exactly the kind of buzz stock promoters covet. Take Unusual Machines Inc., a money-losing drone operation in Orlando. Three weeks after the 2024 election, news broke that Donald Trump Jr. had become a paid adviser for the company, as well as an investor — a match arranged by Wool. The shares more than tripled in three days, producing a paper gain of $4.4 million for the president’s eldest son, securities filings show. Similar deals with other companies followed, attaching a Trump family member to a previously obscure stock and thriving on the ensuing publicity. Bloomberg News Wealth Reporter Annie Massa and Bloomberg News Reporter Zach Mider join Bloomberg Businessweek Daily to discuss. They speak with Carol Massar and Isabelle Lee.
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