Shocking Video: Trump Caught Boasting About Making Billionaire Friends Richer!

A recent video capturing President Donald Trump gleefully discussing how his wealthy friends profited from his policies has sparked intense backlash amid allegations of market manipulation and insider trading following his decision to temporarily halt certain tariffs.

“He made two-and-a-half billion today,” Trump commented from the Oval Office on a Wednesday, mere hours after declaring the tariff suspension, “and he made $900 million.”

“That’s not bad,” Trump continued.

The president was highlighting the financial windfalls experienced by investors Charles Schwab and businessman Roger Penske—both billionaires—following a significant stock market surge triggered by Trump’s decision to defer imposing hefty tariffs on various global imports. Trump, however, maintained a 10% universal tariff on all imports.

This market boom increased the overall wealth of the world’s key billionaires by more than $300 billion within just a few hours, as reported by Bloomberg. Right before this tariff halt, Trump had advised on his social media that it was a “great time to buy” stocks, which led to accusations of manipulating the market.

View the Oval Office video:

“Donald Trump in a nutshell: doing everything he can to make the ultra-rich even richer,” Senator Elizabeth Warren (D-Mass.) responded on Thursday after the video surfaced. She raised concerns about whether Trump’s erratic tariff policies were a smokescreen for insider trading.

Dean Baker, a senior economist at the Center on Economic and Policy Research, commented on Thursday that it remains uncertain if Trump had forewarned any of his billionaire friends about the tariff suspension beforehand.

“But does anyone really believe that Trump would hesitate to share such sensitive information?” Baker questioned. “Or that Trump’s inner circle would resist trading on such privileged insights? I’ll let you be the judge.”

On Thursday, a coalition of Democratic legislators led by Representative Maxine Waters (D-Calif.) urged the U.S. Securities and Exchange Commission to look into “potential insider trading and market manipulation incidents that might have occurred between Sunday, April 6, 2025, when U.S. Treasury Secretary Scott Bessent met with President Trump at his Florida resort, and Wednesday, April 9, 2025, when the president announced the tariff suspension—and to determine if such illicit activities are still ongoing.”

“Insider trading by government officials and their acquaintances not only violates the trust of the American public but also undermines the integrity of our governmental institutions, creating concerns about corruption and fairness within our political system,” the group stated. They emphasized that such corruption must be met with zero tolerance, especially from those in leadership positions.