Investor James Fishback launched an investment fund at Mar-a-Lago aimed at challenging diversity, equity, and inclusion policies at top American companies. The club attracts deep-pocketed investors and like-minded individuals within the MAGA movement, serving as a hub for planning the next Trump administration. Conversations at the club revolved around various disruptive ideas, ranging from using data analytics to teach critical thinking to using artificial intelligence for health insurance claims.
Mar-a-Lago has transformed from a socialite mecca gifted to the U.S. government to a vibrant club under Trump’s ownership, attracting celebrities and hosting philanthropic events. The property’s revenue saw a decline post-Trump’s presidency, but the focus shifted to politics amid his comeback plans. Political groups and high-profile individuals frequent Mar-a-Lago, hosting galas and events with political overtones.
Watchdogs are concerned about the nexus of money, power, and policy at Mar-a-Lago, fearing unfettered access to Trump could influence government decisions. Examples of club members influencing VA decisions in the first term raised red flags about the lack of transparency. Club events provide a pathway to influence Trump, with spending on such events attracting attention. Revenues at Mar-a-Lago are expected to rise in the coming years, now that they have shifted focus from Trump’s D.C. property to the club in Palm Beach.
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