Trump Adviser, Fundraiser Snag Board Seats at Truth Social Firm
(Bloomberg) -- A longtime adviser to President Donald Trump and a fundraiser involved in soliciting donations for his White House ballroom were named to the board of his social media company.
Trump Media & Technology Group Corp., the parent company of Truth Social, appointed Boris Epshteyn, who’s been a Trump aide for more than a decade, and Meredith O’Rourke, one of his top fundraisers, to its board on Friday, according to a regulatory filing.
The additions will bring a pair of MAGA insiders into the corporate oversight of Trump Media, the president’s social media company that has since veered into prediction markets, crypto, financial instruments and even nuclear fusion. Epshteyn and O’Rourke will sit alongside four other directors including Donald Trump Jr., the president’s eldest son.
O’Rourke has been overseeing the fundraising effort to drum up hundreds of millions of dollars from wealthy allies for the presidential ballroom project, the New York Times previously reported.
Trump Media’s shares have collapsed 90% from their all-time high in March 2022. The company has racked up about $1 billion in losses since 2024, the year it went public through a merger with a blank-check company.
Still, Trump Media remains a significant piece of the president’s family fortune. His stake in the company makes up a $1.1 billion portion of the Trumps’ wealth, Bloomberg Billionaires Index.
Earlier this week, Trump Media’s former CEO, Devin Nunes, departed. Nunes was awarded $47 million in compensation for 2024, the most recent year for which his pay details were available. Kevin McGurn was appointed as interim CEO.
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