Donald Trump is no stranger to controversy or eccentric moves. He often polarises opinions with his bold statements, unconventional policies and unwillingness to conform to the norm.
While many politicians would consider it a major misstep to make appointments involving individuals with clear conflicts of interest—such as owning companies or stocks directly affected by their decisions—Donald Trump has often embraced such moves, framing them as leveraging expertise rather than adhering to traditional norms.
In his new leadership team, Donald Trump’s appointments are filled with leaders who own companies actively trading in the stock market. Given the significant influence these leaders would wield—and Trump’s well-documented preference for blurring the lines between business and politics—this could set the stage for policies that directly impact their personal and corporate interests.
In this week’s edition of 4 Stocks This Week, we take a look at 4 stocks that have owners or significant shareholders who will be part of Donald Trump’s leadership team in the White House.
#1 Trump Media & Technology Group
Let’s start with the most blatant conflict of interest. Trump and the media company he owns, Trump Media & Technology Group.
Trump Media & Technology Group is an American media and technology company founded on February 8, 2021. The company is headquartered in Florida and is primarily owned by Donald Trump.
The company’s flagship product, Truth Social, was launched after perceived censorship by mainstream social media platforms, particularly following Trump’s ban from Twitter, Facebook, and other platforms after the Capitol riot.
Trump Media & Technology Group was listed in March 2024 via a SPAC merger. It is currently trading at US$30.77, giving it a market capitalisation of about US$6.6 billion. That’s not bad for a company that generates about US$1 million per quarter and lost about US$19 million.
#2 Tesla
One of Trump’s biggest allies in 2024 is Elon Musk, who is conveniently also currently the world’s richest person with a net worth of about US$263 billion. This is largely (but not only) due to his ownership in Tesla which is worth about US$103 billion currently. He also owns X (previously Twitter), Space X, The Boring Company and a few other companies. However, Tesla is the only company he owns that is publicly traded.
Tesla’s share price is up about 65% for the month. From 5 November to 11 November (four trading days), it went up about 40%, from US$251.44 (5 November) to US$350 (11 November).
Elon Musk will be in charge of government efficiency efforts in Trump’s leadership team.
#3 Roivant Sciences
Vivek Ramaswamy, who will work alongside Elon Musk, will also be in charge of the government efficiency effort in Trump’s leadership team. Ramaswamy is the founder of Roivant Sciences, a biopharmaceutical company listed on the NASDAQ with a market capitalisation of approximately US$8.15 billion. His entrepreneurial success has contributed to his net worth, which is estimated at around US$800 million.
Roivant Sciences aims to accelerate healthcare delivery by addressing inefficiencies in the pharmaceutical industry. The company has established several subsidiaries, known as “Vants,” each focusing on specific therapeutic areas. Notable examples include Immunovant, which concentrates on autoimmune diseases, and Dermavant, which specializes in dermatology. These subsidiaries operate with a degree of autonomy, allowing for focused development and commercialization of treatments in their respective fields.
#4 Endeavour Group
WWE fans will recognize a familiar name in Trump’s leadership team: Linda McMahon, wife of Vince McMahon.
Linda and her husband co-founded World Wrestling Entertainment (WWE), building it into a global entertainment powerhouse. Over the years, WWE became synonymous with professional wrestling. In 2023, the McMahons made headlines when WWE was sold to Endeavor Group Holdings, a company that also owns the UFC. This merger created TKO Group Holdings, a publicly traded entity listed on the NYSE, with Endeavor retaining a significant shareholding. Currently, Endeavor Group Holdings, Inc. boasts a market capitalisation of approximately US$20 billion.
Linda McMahon is no stranger to public life, both in the ring and outside of it. She ran twice for a U.S. Senate seat in Connecticut. A prominent supporter of Donald Trump during his 2016 presidential campaign, Linda was appointed as the Administrator of the U.S. Small Business Administration (SBA), a role she held from February 2017 to April 2019.
Linda McMahon is Trump’s pick to be Education Secretary.
Read Also: Donald Trump Is US President (Again). Here Are 5 Things That Singapore Investors Should Take Note Of
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