The line between a White House disclosure form and the script for the new season of Succession has officially been erased…
Real estate mogul turned Trump’s personal peacemaker Steve Witkoff just dumped a $120M stake in his own empire… not because he needed the cash, but because apparently being both a mega-landlord and America’s special envoy for peace missions is the kind of double-shift that makes ethics lawyers choke on their dinner.
(Source: Giphy)
The disclosure, dropped Saturday, shows Witkoff sold part of The Witkoff Group LLC as part of “divestiture planning.” Translation: the feds don’t like it when your day job is negotiating ceasefires in the Middle East while your side hustle is negotiating $50M condo deals in Miami Beach.
(Source: Bloomberg)
But don’t cry for him. Why? Because the filing still pegs his assets at a casual $350M minimum, with the usual billionaire starter pack: SpaceX, Uber, Reddit, aircraft, yachts, and of course a slice of World Liberty Financial, the crypto venture he co-founded with Trump’s sons. In fact, that token project alone reportedly made Trump $57.7M last year. Family business, but make it blockchain.
Additionally, the sale slots neatly into a broader strategy: keep State Department work clean, keep the Witkoff fortune fat. His son Alex now runs the company, because of course. Meanwhile, Witkoff’s still juggling peace in Ukraine, Middle East diplomacy, and crypto tie-ups with Abu Dhabi funds. The man has 77 entities listed in his disclosure, $31M in debt (mostly aircraft loans), and is basically running the world’s weirdest family office.
(Source: Giphy)
As for investors, Wall Street mostly shrugged. But what’s wild here is the blending of Trumpworld, crypto, and high-end property into one disclosure document that reads like Succession fan fiction. The bigger play is that World Liberty Financial isn’t a joke. If Abu Dhabi’s already running billions through it, the Trumps + Witkoffs may have accidentally built a geopolitical crypto machine. So yes, Witkoff technically resolved a “conflict of interest.” But he just might’ve created one 10x bigger.
Now obviously, we’ll see what comes of this… but it’ll be interesting to see what the future holds in Trump's inner circle world. Until next time, friends…
At the time of publishing, Stocks.News holds positions in Uber as mentioned in the article.
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