These Trump Supporters, Financiers And Energy Tycoons Could Make Billions From The Venezuela Invasion
Forbes Daily Briefing
Forbes
4.4 • 18 Ratings
🗓️ 11 January 2026
⏱️ 5 minutes
🧾️ Download transcript
Summary
Trump backer and hedge fund billionaire Paul Singer is getting credit for his prescient $6 billion bet on oil refiner CITGO. Others set to cash in on the deal include Goldman Sachs alums, oil tycoons and private equity billionaires.
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Transcript
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| 0:00.0 | Here's your Forbes daily briefing for Sunday, January 11th. |
| 0:05.0 | Today on Forbes, these Trump supporters, financiers, and energy tycoons could make billions |
| 0:12.0 | from the Venezuela invasion. |
| 0:15.0 | After the U.S. military abducted Venezuelan President Nicolas Maduro last weekend, Wall Street Watchers were |
| 0:22.2 | quick to declare the biggest winner. Paul Singer, the $6.7 billion in net worth hedge fund manager |
| 0:29.2 | famous for investing in distressed assets around the world. Amber Energy, a Houston-based |
| 0:35.2 | startup backed by Singer's firm Elliott Management, |
| 0:38.5 | recently prevailed in a U.S. federal court auction to buy Venezuelan oil company Citgo, |
| 0:44.2 | which owns three refineries in Louisiana, Texas, and Illinois, |
| 0:47.9 | plus a distribution network of 4,000 Citgo gas stations for $5.9 billion, what many deem to be a steal. |
| 0:58.2 | A Trump supporter who helped bankroll his transition team, Singer may indeed be the biggest winner, |
| 1:03.9 | but he's not the only Wall Street mogul poised to benefit from the Citgo deal. |
| 1:08.8 | Forbes spoke with several people involved in the deal, and it turns out |
| 1:12.1 | there are other big-time players backing Elliot and Amber's bid to run Citgo, on top of other |
| 1:17.6 | hedge funds and investment firms that are poised to capture a windfall. Elliot, according to a person |
| 1:24.0 | familiar with the deal, is funding a third of the equity and leading |
| 1:27.5 | a consortium of Wall Street heavyweights. The group includes Los Angeles-based |
| 1:32.3 | alternatives investor Oak Tree Capital Management, led by billionaires Howard Marks and Bruce |
| 1:37.6 | Karsh, according to two people familiar with the matter. Also part of the consortium is |
| 1:43.0 | $43 billion in assets hedge fund Silver Point Capital. |
| 1:47.7 | Based in Greenwich, Connecticut, the firm was founded and is run by Ed Mullet and Robert O'Shea, |
| 1:53.7 | former Goldman Sachs group partners who each held senior positions in the firm's fixed income |
... |
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