No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, January 8, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Venezuela’s new president steered $500,000 to Trump’s inauguration—in 2017

by TheAdviserMagazine
1 day ago
in Business
Reading Time: 5 mins read
A A
Venezuela’s new president steered 0,000 to Trump’s inauguration—in 2017
Share on FacebookShare on TwitterShare on LInkedIn



In 2017, as political outsider Donald Trump headed to Washington, Delcy Rodríguez spotted an opening.

Then Venezuela’s foreign minister, Rodríguez directed Citgo — a subsidiary of the state oil company — to make a $500,000 donation to the president’s inauguration. With the socialist administration of Nicolas Maduro struggling to feed Venezuela, Rodríguez gambled on a deal that would have opened the door to American investment. Around the same time, she saw that Trump’s ex-campaign manager was hired as a lobbyist for Citgo, courted Republicans in Congress and tried to secure a meeting with the head of Exxon.

The charm offensive flopped. Within weeks of taking office, Trump, urged by then-Sen. Marco Rubio, made restoring Venezuela’s democracy his driving focus in response to Maduro’s crackdown on opponents. But the outreach did bear fruit for Rodríguez, making her a prominent face in U.S. business and political circles and paving the way for her own rise.

“She’s an ideologue, but a practical one,” said Lee McClenny, a retired foreign service officer who was the top U.S. diplomat in Caracas during the period of Rodríguez’s outreach. “She knew that Venezuela needed to find a way to resuscitate a moribund oil economy and seemed willing to work with the Trump administration to do that.”

Nearly a decade later, as Venezuela’s interim president, Rodríguez’s message — that Venezuela is open for business — seems to have persuaded Trump. In the days since Maduro’s stunning capture Saturday, he’s alternately praised Rodríguez as a “gracious” American partner while threatening a similar fate as her former boss if she doesn’t keep the ruling party in check and provide the U.S. with “total access” to the country’s vast oil reserves. One thing neither has mentioned is elections, something the constitution mandates must take place within 30 days of the presidency being permanently vacated.

This account of Rodríguez’s political rise is drawn from interviews with 10 former U.S. and Venezuelan officials as well as businessmen from both countries who’ve had extensive dealings with Rodríguez and in some cases have known her since childhood. Most spoke on the condition of anonymity for fear of retaliation from someone who they almost universally described as bookishly smart, sometimes charming but above all a cutthroat operator who doesn’t tolerate dissent. Rodríguez didn’t respond to AP requests for an interview.

Father’s murder hardens leftist outlook

Rodríguez entered the leftist movement started by Hugo Chávez late — and on the coattails of her older brother, Jorge Rodríguez, who as head of the National Assembly swore her in as interim president Monday.

Tragedy during their childhood fed a hardened leftist outlook that would stick with the siblings throughout their lives. In 1976 — when, amid the Cold War, U.S. oil companies, American political spin doctors and Pentagon advisers exerted great influence in Venezuela — a little-known urban guerrilla group kidnapped a Midwestern businessman. Rodriguez’s father, a socialist leader, was picked up for questioning and died in custody.

McClenny remembers Rodríguez bringing up the murder in their meetings and bitterly blaming the U.S. for being left fatherless at the age of 7. The crime would radicalize another leftist of the era: Maduro.

Years later, while Jorge Rodríguez was a top electoral official under Chávez, he secured for his sister a position in the president’s office.

But she advanced slowly at first and clashed with colleagues who viewed her as a haughty know-it-all.

In 2006, on a whirlwind international tour, Chávez booted her from the presidential plane and ordered her to fly home from Moscow on her own, according to two former officials who were on the trip. Chávez was upset because the delegation’s schedule of meetings had fallen apart and that triggered a feud with Rodriguez, who was responsible for the agenda.

“It was painful to watch how Chávez talked about her,” said one of the former officials. “He would never say a bad thing about women but the whole flight home he kept saying she was conceited, arrogant, incompetent.”

Days later, she was fired and never occupied another high-profile role with Chávez.

Political revival and soaring power under Maduro

Years later, in 2013, Maduro revived Rodríguez’s career after Chávez died of cancer and he took over.

A lawyer educated in Britain and France, Rodríguez speaks English and spent large amounts of time in the United States. That gave her an edge in the internal power struggles among Chavismo — the movement started by Chávez, whose many factions include democratic socialists, military hardliners who Chávez led in a 1992 coup attempt and corrupt actors, some with ties to drug trafficking.

Her more worldly outlook, and refined tastes, also made Rodríguez a favorite of the so-called “boligarchs” — a new elite that made fortunes during Chávez’s Bolivarian revolution. One of those insiders, media tycoon Raul Gorrín, worked hand-in-glove with Rodríguez’s back-channel efforts to mend relations with the first Trump administration and helped organize a secret visit by Rep. Pete Sessions, a Texas Republican, to Caracas in April 2018 for a meeting with Maduro. A few months later, U.S. federal prosecutors unsealed the first of two money laundering indictments against Gorrin.

After Maduro promoted Rodríguez to vice president in 2018, she gained control over large swaths of Venezuela’s oil economy. To help manage the petro-state, she brought in foreign advisers with experience in global markets. Among them were two former finance ministers in Ecuador who helped run a dollarized, export-driven economy under fellow leftist Rafael Correa. Another key associate is French lawyer David Syed, who for years has been trying to renegotiate Venezuela’s foreign debt in the face of crippling U.S. sanctions that make it impossible for Wall Street investors to get repaid.

“She sacrificed her personal life for her political career,” said one former friend.

As she amassed more power, she crushed internal rivals. Among them: once powerful Oil Minister Tareck El Aissami, who was jailed in 2024 as part of an anti-corruption crackdown spearheaded by Rodríguez.

In her de-facto role as Venezuela’s chief operating officer, Rodríguez proved a more flexible, trustworthy partner than Maduro. Some have likened her to a sort of Venezuelan Deng Xiaoping — the architect of modern China.

Hans Humes, chief executive of Greylock Capital Management, said that experience will serve her well as she tries to jump-start the economy, unite Chavismo and shield Venezuela from stricter terms dictated by Trump. Imposing an opposition-led government right now, he said, could trigger bloodshed of the sort that ripped apart Iraq after U.S. forces toppled Saddam Hussein and formed a provisional government including many leaders who had been exiled for years.

“We’ve seen how expats who have been outside of the country for too long think things should be the way it was before they left,” said Humes, who has met with Maduro as well as Rodríguez on several occasions. “You need people who know how to work with how things are not how they were.”

Democracy deferred?

Where Rodríguez’s more pragmatic leadership style leaves Venezuela’s democracy is uncertain.

Trump, in remarks after Maduro’s capture, said Nobel Peace Prize winner Maria Corina Machado lacks the “respect” to govern Venezuela despite her handpicked candidate winning what the U.S. and other governments consider a landslide victory in 2024 presidential elections stolen by Maduro.

Elliott Abrams, who served as special envoy to Venezuela during the first Trump administration, said it is impossible for the president to fulfill his goal of banishing criminal gangs, drug traffickers and Middle Eastern terrorists from the Western Hemisphere with the various factions of Chavismo sharing power.

“Nothing that Trump has said suggests his administration is contemplating a quick transition away from Delcy. No one is talking about elections,” said Abrams. “If they think Delcy is running things, they are completely wrong.”



Source link

Tags: inaugurationinpresidentsteeredTrumpsVenezuelas
ShareTweetShare
Previous Post

Trump: Venezuela to sell 30m-50m barrels of ‘high quality’ oil to U.S. at market price

Next Post

7 shopping habits lower-income people have that wealthy people hire life coaches to teach them

Related Posts

edit post
Meesho shares plunge 10% in 2 days: What triggered the fall and what investors should do

Meesho shares plunge 10% in 2 days: What triggered the fall and what investors should do

by TheAdviserMagazine
January 8, 2026
0

Meesho shares plunged 9.7% over the last two trading days, dropping to Rs 164.55 on the BSE on Thursday, amid...

edit post
More Americans will die than be born in 2030, CBO predicts—with immigrants the only source of growth

More Americans will die than be born in 2030, CBO predicts—with immigrants the only source of growth

by TheAdviserMagazine
January 7, 2026
0

For the first time in modern history, the United States is on the brink of losing its most basic engine...

edit post
These are the 10 most on-time airlines in the world, and only one US company made the cut

These are the 10 most on-time airlines in the world, and only one US company made the cut

by TheAdviserMagazine
January 7, 2026
0

Air travel in the U.S. last year was defined by chaotic delays and cancellations during the 43-day government shutdown. New...

edit post
AI layoffs are looking more and more like corporate fiction that’s masking a darker reality

AI layoffs are looking more and more like corporate fiction that’s masking a darker reality

by TheAdviserMagazine
January 7, 2026
0

Despite breathless headlines warning of a robot takeover in the workforce, a new research briefing from Oxford Economics casts doubt...

edit post
5 Best Money Habits for Boomers To Carry Into 2026

5 Best Money Habits for Boomers To Carry Into 2026

by TheAdviserMagazine
January 7, 2026
0

The average retirement age is 62, as per MassMutual’s 2024 Retirement Happiness Study. This means that most baby boomers (born...

edit post
Fireblocks buys Israeli startup TRES Finance for 0m

Fireblocks buys Israeli startup TRES Finance for $130m

by TheAdviserMagazine
January 7, 2026
0

Israeli cryptocurrency security company Fireblocks today announced that it is acquiring Israeli crypto accounting startup TRES Finance, which has...

Next Post
edit post
7 shopping habits lower-income people have that wealthy people hire life coaches to teach them

7 shopping habits lower-income people have that wealthy people hire life coaches to teach them

edit post
Gold, silver, copper: What to buy, avoid and watch in 2026

Gold, silver, copper: What to buy, avoid and watch in 2026

  • Trending
  • Comments
  • Latest
edit post
80-year-old Home Depot rival shuts down location, no bankruptcy

80-year-old Home Depot rival shuts down location, no bankruptcy

January 4, 2026
edit post
In an Ohio Suburb, Sprawl Is Being Transformed Into Walkable Neighborhoods

In an Ohio Suburb, Sprawl Is Being Transformed Into Walkable Neighborhoods

December 14, 2025
edit post
Democrats Insist On Taxing Tips        

Democrats Insist On Taxing Tips        

December 15, 2025
edit post
How Long is a Last Will and Testament Valid in North Carolina?

How Long is a Last Will and Testament Valid in North Carolina?

December 8, 2025
edit post
Detroit Seniors Are Facing Earlier Shutoff Notices This Season

Detroit Seniors Are Facing Earlier Shutoff Notices This Season

December 20, 2025
edit post
Warren Buffett retires on December 31 and leaves behind a manual for a life in investing

Warren Buffett retires on December 31 and leaves behind a manual for a life in investing

December 27, 2025
edit post
A price break for tapping a home’s value

A price break for tapping a home’s value

0
edit post
10 Best Monthly Dividend Stocks For The Next 10 Years

10 Best Monthly Dividend Stocks For The Next 10 Years

0
edit post
Mortgage Rates Today, Wednesday, January 7: A Little Higher, But Still Close to 6%

Mortgage Rates Today, Wednesday, January 7: A Little Higher, But Still Close to 6%

0
edit post
Meesho shares plunge 10% in 2 days: What triggered the fall and what investors should do

Meesho shares plunge 10% in 2 days: What triggered the fall and what investors should do

0
edit post
Why Someone Earning K/Year Can Be Richer Than Someone Earning 0K/Year Through the Power of Saving

Why Someone Earning $50K/Year Can Be Richer Than Someone Earning $200K/Year Through the Power of Saving

0
edit post
You know you’ve raised your kids right when they do these 7 things as adults without you asking

You know you’ve raised your kids right when they do these 7 things as adults without you asking

0
edit post
Meesho shares plunge 10% in 2 days: What triggered the fall and what investors should do

Meesho shares plunge 10% in 2 days: What triggered the fall and what investors should do

January 8, 2026
edit post
You know you’ve raised your kids right when they do these 7 things as adults without you asking

You know you’ve raised your kids right when they do these 7 things as adults without you asking

January 7, 2026
edit post
UMRN Full Form – Meaning, Examples, Features and Functions

UMRN Full Form – Meaning, Examples, Features and Functions

January 7, 2026
edit post
More Americans will die than be born in 2030, CBO predicts—with immigrants the only source of growth

More Americans will die than be born in 2030, CBO predicts—with immigrants the only source of growth

January 7, 2026
edit post
Trump says U.S. to ban large investors from buying homes

Trump says U.S. to ban large investors from buying homes

January 7, 2026
edit post
Crystal’s Kroger Markdown Shopping Trip

Crystal’s Kroger Markdown Shopping Trip

January 7, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Meesho shares plunge 10% in 2 days: What triggered the fall and what investors should do
  • You know you’ve raised your kids right when they do these 7 things as adults without you asking
  • UMRN Full Form – Meaning, Examples, Features and Functions
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.