Donald Trump’s financial ties with Saudi Arabia have just been exposed… by himself. The US president recently claimed in a tweet that he had no financial interests in the country. But that doesn’t appear to be the whole truth. Because in a video from a few years back, Trump actually boasts about his financial ties with wealthy Saudi citizens.
In the tweet, Trump claimed he has “no financial interests in Saudi Arabia”, before saying that suggesting otherwise is “just more FAKE NEWS”.
For the record, I have no financial interests in Saudi Arabia (or Russia, for that matter). Any suggestion that I have is just more FAKE NEWS (of which there is plenty)!
— Donald J. Trump (@realDonaldTrump) October 16, 2018
But in stark contrast to what he tweeted, a video actually shows him boasting about selling multi-million-dollar apartments to Saudis, before concluding that he ‘likes them very much’:
Saudi Arabia, I get along with all of them. They buy apartments from me. They spend $40m, $50m. Am I supposed to dislike them? I like them very much.
Trump says he has no financial interests with the Saudis, which is funny because there's literally a video of him explaining his financial interests with the Saudis. pic.twitter.com/wst182MjYm
— Robert Maguire (@RobertMaguire_) October 16, 2018
Trump’s ties with Saudi Arabia are under scrutiny following the alleged killing of journalist Jamal Khashoggi inside a Saudi consulate in Turkey. The president’s initially tough stance on the issue has appeared to change following a conversation with King Salman. Trump is now speculating that “rogue killers” may be responsible, despite evidence apparently mounting against Saudi Arabia.
"I've asked and the king (of #SaudiArabia) firmly denies that."
— Press TV (@PressTV) October 16, 2018
There are fears that Trump’s financial ties with Saudi Arabia might result in a conflict of interests when dealing with the Khashoggi murder. Because the president appears to have a lucrative history of financial ties with Saudi Arabia. In 2015, for example, Trump reportedly registered eight businesses in Saudi Arabia.
In 1991, Trump sold a yacht to Saudi prince Alwaleed bin-Talal for $20m, saving him from bankruptcy. Alwaleed bin Talal, along with other investors, also secured a $325m investment deal in Trump’s failing Plaza Hotel in 1995. And Trump sold the whole 45th floor of Trump Tower to Saudi Arabia for $12m in 2001.
Saudi lobbyists and government officials are also frequent customers at Trump’s hotels. One PR firm spent nearly $270,000 at Trump’s Washington hotel between October 2016 and March 2017. The Saudi government has also been credited for increasing room rentals in Trump’s New York hotel by 13% after a two-year decline.
This isn’t the first time Trump has been caught lying, and won’t be the last. But the next time he wants to deceive us about his financial interests with Saudi Arabia, he might want to check there isn’t footage of him boasting about those same interests on camera.
– Read more of our in-depth coverage of Saudi Arabia.
– Support The Canary if you appreciate the work we do.
Featured image via YouTube/CBS
We need your help ...
The coronavirus pandemic is changing our world, fast. And we will do all we can to keep bringing you news and analysis throughout. But we are worried about maintaining enough income to pay our staff and minimal overheads.
Now, more than ever, we need a vibrant, independent media that holds the government to account and calls it out when it puts vested economic interests above human lives. We need a media that shows solidarity with the people most affected by the crisis – and one that can help to build a world based on collaboration and compassion.
We have been fighting against an establishment that is trying to shut us down. And like most independent media, we don’t have the deep pockets of investors to call on to bail us out.
Can you help by chipping in a few pounds each month?