Andy Beal Joins Trump's Economic Advisory TeamAugust 9, 2016 10:57 am
Donald Trump is putting together a group of trusted individuals to help run the country should he win the election come November 8th, with the latest member of his economic advisory team named as billionaire banker and investor Andy Beal.
In February, Trump was publicly endorsed by Beal after becoming the Republican presidential nominee, with the Beal Bank founder asserting that Trump was the best candidate to put “America back on the path to the greatness”. Beal’s enthusiastic endorsement of Trump was similarly echoed by Thomas J. Barrack Jr., founder of the international investment firm Colony Capital, and expressing his gratitude for the two men’s support, Trump stated:
“It is truly an honor to receive the endorsement of two individuals I hold in the highest regard. They are smart, successful, and the kind of business leaders our country needs to help negotiate trade deals, create jobs and spur economic development.”
Andy Beal has an estimated personal wealth of more than $7 billion, and in addition to being the founder of one of America’s most profitable banks, he is also known for his love of poker. In fact, Beal is considered somewhat of a legend amongst the poker community as between 2001 and 2004 he took on a a group of high-stakes professional players in a series of games in which the blinds went as high as $50k/$100k. Known as “The Corporation,”the elite group of players included such legends of the game as Doyle Brunson, Johnny Chan, Chau Giang, Jennifer Harman, and Ted Forrest, with one of the pots won by Beal topping $11.7 million. More recently, Beal is believed to have lost $5 million to Todd Brunson also playing $50k/$100k hold’em.
Having Beal on Trump’s advisory team is of great interest to the poker communiity as it also raises the possibility of a Trump administration ultimately rejecting the UIGEA in favor of new legislation permitting online poker on a federal level.