Laura Ingraham and Donald Trump Jr. join forces in a daring new business venture shaking up the media world
Fox News host Laura Ingraham has entered a new business partnership with Donald Trump Jr., reinforcing the close ties between the Trump family and its media allies. This collaboration occurs amidst ongoing criticism that the Trump administration is being leveraged for personal and political profit.
Ingraham, a prominent supporter of President Trump, has joined a Special-Purpose Acquisition Company (SPAC) named Colombier Acquisition Corp III, which is led by Donald Trump Jr. SPACs, often called “blank check” companies, are shell corporations designed to raise capital to acquire or merge with a private firm, providing a shortcut to going public.
The specific company this SPAC will target remains undisclosed. However, according to SEC filings, its stated goal is to “fund the next chapter of American Exceptionalism and help Make America Grow Again.” The group recently filed for an initial public offering with shares valued at an estimated $260 million.
The venture’s leadership includes Omeed Malik, a close Trump family friend and CEO of 1789 Capital, where Trump Jr. serves as a partner. Other directors include billionaire Chamath Palihapitiya, 1789 Capital founder Chris Buskirk, and former Republican candidate Blake Masters.
This business move further solidifies the relationship between the Trump family and Fox News. Ingraham was recently appointed by President Trump to the board of the John F. Kennedy Center for the Performing Arts, part of an effort to counter its perceived liberal bias.
Other Fox News personalities have also received key appointments, such as Defense Secretary Pete Hegseth and Interim U.S. Attorney Jeanine Pirro. Additionally, host Lara Trump is married to the president’s son, Eric Trump.
The venture emerges as critics raise concerns about the Trump family using the presidency for financial gain. Eric and Donald Trump Jr. have faced particular scrutiny for launching profitable crypto ventures coinciding with the administration’s rollback of sector regulations.
