Micromanager-In-Chief: President Trump Can’t Keep His Hands Off The Family Business

Forbes Daily Briefing · Aug 6, 2026 · 6m

IN LATE APRIL, Donald Trump boarded Air Force One for his 26th trip to Palm Beach of his second term. War was stirring in the Middle East. Gas prices and grocery costs were rising across America. But the president had more important business to attend to. He was headed to Mar-a-Lago, where nearly 300 holders of his memecoin were gathering for a private event. Launched three days before Trump’s inauguration, the coin had provided him with about $635 million during his first year in office. The event added appeal to an asset devoid of intrinsic value, treating top buyers to a lineup of…