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Forbes Topline

How Trump Media's CEO Made $6.3 Million

Forbes Topline

Forbes

Business News, Business, News, Entrepreneurship

4.86 Ratings

🗓️ 21 October 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

The former Republican Congressman has cashed in as CEO of Trump Media & Technology Group despite the fact it’s losing money and the stock has sunk. Read the full story on Forbes: https://www.forbes.com/sites/zacheverson/2024/10/14/devin-nunes-earned-running-truth-social-trump-media/ See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hi everybody I'm Brittany Lewis a reporter here at Forbes

0:06.2

Joining me now is my Forbes colleague staff writer Zach Everson

0:09.7

Zach. Thanks so much for coming on

0:12.4

Thanks for having, Brittany.

0:14.0

A company we talk a lot about hears truth social,

0:18.0

from Trump's involvement to its fluctuating stock prices and more.

0:22.0

You're reporting Devon Nuneez, former congressman and the CEO of Trump Media and

0:26.3

Technology Group has brought home millions from the company.

0:30.0

So before we dive into how he's done that, who is Devanunas?

0:35.1

Devanunas is a former congressman from California,

0:39.6

rural district there, Republican.

0:41.8

Prior to that, he was a dairy farmer. He was a staunch

0:45.6

defender of the president during his time in the house where he was, he would

0:51.2

help the blocks of investigations and he left Congress 10 terms in to

0:56.8

take over this job as the CEO of Trump media. And so how much was he making during his time in Congress because you write in your piece that what he's

1:06.6

bringing home now is probably 13 times that amount?

1:11.0

Yeah, yeah, it's not bad. So members of Congress, unless they're like the speaker, make $174,000 a year. It's been that way for several years. You know, it doesn't look good for members of Congress to give themselves a raise.

1:25.0

I would actually argue I think they might do better be better off if they did give themselves some raises,

1:30.0

because it's, you know, it's a good salary, but to try to maintain a residence in your home, a residence in DC,

1:35.8

and I think a little more money might entice them to do a better job overall of following ethics

1:41.5

rules as well.

1:43.0

Well he resigned from Congress to take on this role back in 2022.

...

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