Billionaires and the Trump Admin: Omeed Malik

Omeed Malik

Net Worth: Unknown

AFFILIATIONS WITH TRUMP & TRUMP ALLIES

• Co-host of Trump 2024 fundraiser 

• Republican donor

• Malik is reportedly a personal friend of Don Jr., RFK Jr., and Tulsi Gabbard. 

MALIK WAS APPOINTED TO THE BOARD OF FANNIE MAE

• Malik was appointed to sit on the board of Fannie Mae. On April 14 2025, Federal Housing Finance Agency  (FHFA) Bill Pulte tweeted “Under President Trump, housing will enter its Golden Age. To have the best and brightest, Omeed Malik will be joining the Board of Fannie Mae, effectively immediately! Omeed brings great capital markets, legal and investment experience as we Make Fannie and Freddie Great Again!” 

THROUGH 1789 CAPITAL, OMEED MALIK HAS TEAMED UP WITH DON JR. TO PROFIT OFF A “PARALLEL ECONOMY” OF TRUMP SUPPORTERS

• Malik brought Donald Trump Jr on to the board of 1789 Capital, his venture capital firm. Blake Masters, a “Peter Thiel protégé  known for his ties to the far-right,  who has lost two bids for Congress in Arizona,” is also on the board.

• The firm explicitly invests in companies that “have no ESG or DEI components in them whatsoever.” 

• Omeed Malik claimed he is investing in a “parallel economy” of Trump supporters. “‘73 million people voted for Donald Trump, and the Brookings Institute quantifies that as 30 percent of American GDP,’  [Omeed Malik] said — totaling roughly $7 trillion. ‘That’s the third-largest economy in the world. I’m happy to be the financier of the third-largest economy. I don’t need to go to Vietnam or India. I’m here.’”

THROUGH 1789 CAPITAL, MALIK AND DON JR. ARE INVESTED IN A NUMBER OF COMPANIES TOGETHER

• Through the firm, Malik and Don Jr.  invested in Tucker Carlson’s TCN network, the online gun retailer GrabAGun, defense company Firehawk, Happy Dad hard seltzer, the “Enhanced Games” (a version of the Olympics that allows athletes to take performance enhancing drugs), Polymarket, digital pharmacy BlinkRx, Substack, and more. 

• The Pulte Family Office, FHFA Director Bill Pulte’s family investment firm, has also invested in GrabAGun.

• The World Anti-Doping Agency (WADA) Executive Committee (ExCo) condemned the Enhanced Games: “The ExCo was united in condemning the ‘Enhanced Games’ as a dangerous and irresponsible concept. The health and well-being of athletes is WADA’s number-one priority. Clearly this event would jeopardize both by promoting the use of potentially harmful substances and methods.”

• Peter Thiel is “also a major investor in the Enhanced Games.”

• Firehawk Aerospace has received millions in defense contracts.

• In a social media post, Don Jr. tied his seat on the board of BlinkRx to the “Make America Healthy Again” agenda:

• The success of 1789 Capital’s fundraising efforts has coincided with Trump’s inauguration: “Since Inauguration Day, 1789 has pulled in $500 million more and its investors now number about 30. It’s aiming to collect $1 billion for its first fund by mid-2025 and then $3 billion to $5 billion for a second fund next year, according to a person familiar with the efforts.”

• 1789 is reportedly interested in endowments and public pension funds in red states. 

MALIK WORKED AT THE DAILY CALLER AS AN EDITOR AND HOST

• According to The Hill, Malik joined The Daily Caller, as a “minority investor and contributing editor,” and “ currently co-hosts a weekly digital program with Daily Caller Senior White House Correspondent Christian Datoc called ‘Wall Street Meets Washington.’”

MALIK HELPED CONNECT RFK JR. AND TULSI GABBARD TO THE TRUMP TEAM

• Malik supported Kennedy during the 2024 Democratic primaries, and then helped him join Trump’s team after Kennedy dropped out of the presidential race. He claimed he hosted “a “secret meeting at Mar-a-Lago in the middle of August with me, Bobby Kennedy, Donald Trump, Don Jr, who’s my very close friend, Amaryllis Fox Kennedy, and Susie Wiles,” to plan RFK Jr.’s addition to the Trump admin.

• Malik was the largest donor to Tulsi Gabbard’s 2020 presidential run. He claimed to have been telling Don Jr. about Gabbard’s political value since 2020.

MALIK WAS INVESTIGATED FOR SEXUAL MISCONDUCT WHILE WORKING AT BANK OF AMERICA

• Malik was investigated for sexual misconduct while working at Bank of America, and resigned soon after. “The young woman, who is employed by Bank of America as an analyst, complained about Mr. Malik within the past several weeks, said the people briefed on the investigation, who were not authorized to speak publicly. The bank then opened an investigation. Officials from human resources interviewed as many as a dozen people who have worked with Mr. Malik. He left roughly two weeks before annual bonuses were to be handed out.” 

• Malik sued Bank of America afterwards, eventually settling out of court for “an undisclosed multimillion-dollar sum.” One of Malik’s attorneys argued “the executive hadn’t engaged in any misconduct and that the firm had suppressed evidence showing the accusations weren’t credible.”

MALIK WAS THE SENIOR VICE PRESIDENT OF MF GLOBAL WHEN IT WENT BANKRUPT 

• Malik was the Senior VP of now-defunct commodities brokerage firm MF Global from 2010 to 2012. MF Global went bankrupt amidst financial mismanagement and high-risk investments in October 2011. The firm was sued by the CFTC in 2013. The CFTC claimed it filed its enforcement action due to “MF Global’s unlawful use of customer funds that harmed thousands of customers and violated fundamental customer protection laws on an unprecedented scale.” MF Global “agreed to settle all charges against it on terms set forth in a proposed order that is subject to court approval and includes 100% restitution of the approximately $1 billion lost by all commodity customers when the firm failed on October 31, 2011.” The firm also had a $100 million penalty levied against it by the CFTC.