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International Business Times UK
International Business Times UK
World
Nica Marie Virtudazo

'Do the Math Yourself': Analyst Accuses Donald Trump Family of Profiteering Off Iran War

Analyst Ed Elson alleges Donald Trump and his family profited from the Iran war through tactical drone investments and insider trading. (Credit: Michael Vadon/Flickr CC BY 4.0)

Business analyst Ed Elson publicly accused President Donald Trump and his family of profiting from events surrounding the deadly Iran war. Speaking directly to anchor Katy Tur, the podcast host suggested that the president may have engaged in insider trading, pointing to investments in tactical drone companies made shortly before the U.S. went to war with Iran.

The news came after a previous report highlighted the immense wealth accumulated by the president's inner circle. Donald Trump Jr saw his management fund grow from a few hundred million dollars to more than $3 billion (£2.25 billion), generating returns of roughly 200 percent as of 30 June. Tur pointed out that average returns for other similarly founded venture capital firms sit at just 21 percent.

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