Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli media: For the first time, Prime Minister Netanyahu is signaling that he wants to end the war on Gaza
Israeli Channel 12, citing an American source: We want to have entered a path toward captive release and a ceasefire before Netanyahu arrives in Washington
Lebanese Ministry of Health: One martyr and two injured in the Israeli airstrike that targeted a motorcycle in the town of Mahrouna
Al Mayadeen correspondent to Southern Lebanon: An Israeli drone strike targeted a vehicle between the towns of Jwayya and Mahrouna.
Al Mayadeen's correspondent in South Lebanon: One martyred in the Israeli drone strike on a car in the town of Kawnin
Al Mayadeen's correspondent in South Lebanon: Israeli drone targets a car in the town of Kawnin
Naeini: If our national interests are attacked again, our response this time will be stronger and more destructive
Naeini: The war has proven that the settlers are defenseless against Iranian missile and drone forces
Naeini: Trump lacks an understanding of the true strength of the Iranian people and is so deluded as to believe he can change the reality of Iran's victory
Naeini: The defeat led to Trump's confusion and loss of balance, which was reflected in his ill-considered statements

Trump orders US wealth fund, eyes TikTok purchase with investors

  • By Al Mayadeen English
  • Source: Agencies
  • 3 Feb 2025 23:36
3 Min Read

The order instructs the agencies to develop the fund within the next 12 months, aiming to monetize government-owned assets for the benefit of the American public.

Listen
  • x
  • AP
    President Donald Trump speaks as Commerce Secretary nominee Howard Lutnick listens in the Oval Office of the White House, Monday, February 3, 2025, in Washington, as Trump prepares to sign an executive order. (AP)

US President Donald Trump has signed an executive order directing the Treasury and Commerce Departments to establish a US sovereign wealth fund, a move that could reshape federal asset management and potentially lead to the government purchasing TikTok.

The order instructs the agencies to develop the fund within the next 12 months, aiming to monetize government-owned assets for "the benefit of the American public."

"We're going to stand this thing up within the next 12 months. We're going to monetize the asset side of the US balance sheet for the American people," Treasury Secretary Scott Bessent told reporters. He added that the fund would consist of a mix of liquid and domestic assets, with plans to bring them "out for the American people."

Trump’s push for a sovereign wealth fund

Trump has long supported the idea of a government-backed investment vehicle, previously suggesting that such a fund could be used to finance major infrastructure projects, including highways, airports, manufacturing initiatives, and medical research.

While the specific financing mechanisms remain unclear, Trump has floated the idea that the fund could be backed by "tariffs and other intelligent things." Unlike sovereign wealth funds in other nations, which typically rely on budget surpluses, the US government runs a deficit, raising questions about how the fund would be structured.

Related News

DOGE loses control over federal grant applications review: WashPo

Musk walks back Trump criticism, as president threatens ‘consequences’

According to the International Forum of Sovereign Wealth Funds, more than 90 such funds exist worldwide, collectively managing assets exceeding $8 trillion.

Read more: China mulls potential sale of TikTok US to Elon Musk: Bloomberg

TikTok acquisition under consideration, Saudi investors express interest

Alongside the creation of the fund, Trump has indicated that it may be used to acquire TikTok, the popular social media platform with 170 million US users.

TikTok’s Chinese parent company, ByteDance, has been under pressure to divest its US operations after a national security law was enacted requiring the sale or a potential ban of the app. The platform was briefly taken offline in January, just before the law came into effect on January 19. However, after taking office on January 20, Trump signed an executive order delaying the enforcement of the law by 75 days, allowing ByteDance more time to negotiate a sale.

Trump has stated that he is in discussions with multiple interested parties and expects to make a final decision on TikTok’s future in February.

One potential investor in the deal is Saudi Arabia’s Kingdom Holding Company (KHC), led by Prince Alwaleed bin Talal. KHC has expressed interest in investing in TikTok, particularly if Elon Musk or another high-profile buyer acquires the platform, according to reports.

Trump has previously stated that he would support Musk purchasing TikTok, saying, "I would be, if he wanted to buy it. I'd like Larry to buy it, too." KHC already holds stakes in Musk's ventures, including X and artificial intelligence firm xAI, making Saudi financial backing a possible component of any acquisition bid.

Read more: Saudi's KHC eyes TikTok investment if Musk becomes buyer

  • Elon Musk
  • TikTok
  • Donald Trump

Most Read

Iranian President Masoud Pezeshkian attends a protest following the US attacks on nuclear sites in Iran, in Tehran, Iran, Sunday, June 22, 2025. (AP)

Iran declares victory as ceasefire forces Israeli retreat

  • Politics
  • 24 Jun 2025
Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • 22 Jun 2025
Iran launches strikes on Israeli targets, despite alleged ceasefire

Iran victorious as ceasefire with 'Israel' takes effect

  • Politics
  • 24 Jun 2025
Iranian worshippers carry their country's flags in a protest to condemn Israeli attacks on multiple cities across Iran, after the Friday prayers ceremony in Tehran, Iran, Friday, June 20, 2025. (AP)

Iran warns of NPT withdrawal, Strait of Hormuz closure after US attack

  • Politics
  • 22 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
In this June, 12, 2021, file photo, former Secretary of Iran's Supreme National Security Council Ali Shamkhani sits in a meeting in Tehran, Iran.
Politics

Iran strategically foiled Israeli-US scheme, Advisor Shamkhani says

Sheikh Naim
MENA

Let no one think they can subjugate Hezbollah: Sheikh Qassem

Screengrab from a video published by the al-Qassam Brigades shows confrontations with the Israeli occupation forces in Gaza, undated (Al-Qassam Brigades Military Media)
Politics

Al-Qassam releases video of deadly ambush with Israeli forces in Gaza

International Atomic Energy Agency (IAEA) Director General, Rafael Grossi, attends an IAEA Board of Governors meeting in Vienna, Austria, Monday, June 23, 2025 (AP)
Politics

Iran bars IAEA chief Grossi from nuclear facility inspections

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS