Colony Capital’s Tom Barrack is the front-runner to becoming the U.S. ambassador to Mexico.
Barrack, one of President Trump’s lead fundraisers and a close friend, is being considered for the position, which is being closely watched given the president’s relationship with Mexico and his crackdown on immigration, Politico reported. It’s not clear if Barrack wants the job, but White House officials told Politico that the role “is his if he wants it.”
One White House official said it might be difficult for Barrack to sell all of his assets. Others said that he might be better suited to work in South America.
The Real Deal Los Angeles last month took a look at Barrack’s ties to the president and how he stands to potentially profit from increased business between the Middle East and the U.S. Barrack served as deputy undersecretary of the U.S. Department of the Interior during the Reagan administration. He is also a particularly active real estate investor in L.A. [Politico] — Kathryn Brenzel