There is an old saying that you “should never do business with family,” and that might be the advice the Trumps should have followed.
According to a New York Times Aug. 21 report, Tiffany Trump’s husband, Michael Boulos, made a major deal with Ivanka Trump’s husband, Jared Kushner, shortly after he proposed to his now-wife. Boulos was working for a yacht brokerage firm owned by his cousin, Jimmy Frangi.
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Kushner bought a 50-meter superyacht as an investment, but Boulos’ firm reportedly overcharged his future brother-in-law by $2.5 million, and Boulos pocketed $300,000 in commission from the early 2022 sale. The New York Times noted that the deal “went bad” and Kushner’s “yacht sits unfinished in Greece” — and he also realize that he overpaid for his purchase.
Ivanka Trump, Tiffany Trump
No one is taking the blame as everyone points fingers at each other, but a spokesperson for Tiffany and Boulos claimed there was no issue with Kushner. “Mr. Boulos is proud of and honored by his close, familial relationship with Mr. Kushner,” the representative told the media outlet via email while noting that Boulos is no longer working with his cousin. Per The Daily Beast, Boulos is also trying to find a buyer for his brother-in-law’s unfinished yacht.
Still, this business deal gone bad might be awkward for Tiffany and Ivanka, who weren’t the closest of siblings growing up. They were raised on separate coasts after Tiffany’s mom, Marla Maples, divorced Donald Trump in 1999. The tension had been building for years, according to a People source who shared that the Trump family inheritance was a source of their early feud.
Yet their relationship took a positive turn once Donald Trump was elected to the White House in 2016. “They used to not get along, but now they’re bonded over their shared trauma of being the most hated kids in America,” an insider explained. “Going through that experience with their dad as president was awful for them; they hated it. People were so cruel. Especially about Tiffany’s looks.”
With Tiffany recently giving birth to a baby boy, the women have bonded over motherhood. But the failed business deal between their husbands could fracture their blossoming friendship if the yacht doesn’t sell — it would be a $15 million mess.
Before you go, click here to see every time Ivanka Trump has tried to distance herself from the Trump family:
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