Scott Galloway Tears Into Donald Trump, Accusing the Ex-President of Using the Oval Office to Enrich Himself and His Family

President Donald Trump's first months in office have been the subject of much discussion, but few have torn into them quite like former Stanford University marketing professor Scott Galloway.

Speaking on the latest episode of his Pivot podcast with co-host Kara Swisher, the entrepreneur and media personality claimed that Trump and his family have nearly $3 billion in coins from the market rolling in.

"This first hundred days of the Trump administration, mostly using the vehicle of the Trump coin, will go down in history as the greatest grift in the history of our economy, in terms of the amount of money stolen and the size of it over the shortest period," Galloway began, rolling off some stats.

"So, Trump-affiliated entities have made at least $300 million. This is distinct from the value of his stake in Trump coin and trading fees. The Trump family’s net worth has increased by $3 billion or a billion dollars a month since he took office. Just some timeline.

The Trump coin launched on a Friday night under the cover of dark with all the news about the inauguration. By 3 a.m. on Sunday, it was valued at more than $70 billion, and there were a small number of coins, a small number of investors who made large investments on Friday. Maybe they got a tip or something. They made tens, if not hundreds, of millions. Then, over the course of the next couple weeks, about 800,000 smaller investors lost billions.

"Is the Melania coin one?” Swisher interjected.

"The Melania coin, two dozen traders made almost $100 million the weekend it came out, right? So one person invested 64 seconds before the project was publicly announced. Within 24 hours, it made $40 million," Galloway replied.

"But since then, Melania has lost 96% of its value,” Swisher noted.

"Sure has,” Galloway agreed.

The grift is next-level, and it’s happening right under our noses in broad daylight.

@pivotpod.bsky.social @karaswisher.bsky.social l loop[image or embed]— Scott Galloway (@profgalloway.com) May 10, 2025at 10:44 AM"And this market manipulation, this is what would technically be called insider trading by the SEC, we’ll never know because on April 8th, Trump’s Deputy Attorney General ordered the DOJ’s crypto fraud investigation arm to disband," Galloway continued, detailing how the move came the day after the Trump administration announced it was shutting down a task force that had been examining corruption in emerging markets.

"The next day, April 9th, the same day that Treasury Secretary Scott Bessent affirmed that it was Main Street’s turn to get wealthy, Trump posted on Truth Social, this is a great time to buy Donald Trump media at 9:37 a.m. Between 1 and 1:10 p.m., there was a huge increase in bullish zero-day S&P 500 call options. And then just eight minutes later, Trump announced a 90-day pause on all of his tariffs, and the market soared almost 10 percent, one of the biggest one-day gains in history. So someone knew what was going on.

"Of course they do. He calls them,” Swisher interjected.

"That’s called insider trading. The market gained $4 trillion while Trump Media closed up 23 percent. Trump’s 53 percent ownership stake in the company increased his net worth by $415 million.

On April 23, Trump announced that the top holders of the Trump coin would win an exclusive dinner with him, and the coin surged over 60 percent. A small group of investors have generated massive returns. Just 58 wallets made more than $10 million a piece, collecting approximately $1.1 billion in gains. Meanwhile, 800,000 wallets of mostly smaller holders have lost money on their Trump coin. And this isn’t just a vessel for corruption. It’s an open invitation for foreign manipulations.

Three-quarters of the token value held among the top 220 wallets are believed to be held by foreign owners. So if he’s hosting a dinner for his Trump pack, and it costs a million and a half dollars, and say you’re Hungary and you want to get rid of these tariffs, don’t you pay someone, have someone a proxy go, spend a million and a half bucks and go, oh, just FYI, let the president know, as a gift to him, we’re going to buy $50 million in Trump coin this week, which will increase the value somewhere between half a billion and a billion, which means he