In a bold move that underscores patriotic entrepreneurship, *Reid Rasner*, the pro-Trump billionaire from Wyoming, has emerged as the highest bidder for TikTok, making waves with his staggering $47.45 billion offer.
Under President Biden’s administration, Congress took decisive action, passing legislation that required TikTok’s parent company, ByteDance, to sell its platform or face a ban in the United States. President Trump, upon taking office, granted a 75-day extension to this deadline.
Rasner, who is at the helm of Omnivest Financial, a wealth management powerhouse, shared insights on his offer with NBC News. He stated, “I think they’re taking it very seriously from what it sounds like,” adding, “There’s no holding back. The money isn’t the issue right now, bringing all the pieces together is the issue.” You can view the full NBC News segment here.
This bid surpasses even Elon Musk’s investment in the platform X. Rasner confidently expressed this week on Just the News, No Noise, “We’re nearly $50 billion—$20 billion more than any bid out there. So we are the highest bid at the table.” The interview can be viewed here.
Rasner is not just offering financial muscle; he’s also promising a 100-day victory for President Trump by creating a sovereign wealth fund. “We are donating 5% of our TikTok bid, 5% of $50 billion to the sovereign wealth fund,” he remarked.
In his proposal, Rasner envisions a new era for TikTok, hinting at implementing paid tiers, akin to the successful model X used post-acquisition by Musk.
Rasner further highlighted that his bid would offer the United States government the ability to buy into the platform at the $50 billion valuation sum, saying “even if it’s worth $100 billion or a trillion dollars, like President Trump says, the United States government can take a larger stake in TikTok, if they’d like, and increase their shares in the sovereign wealth fund.”
President Trump had previously signed an executive order to establish a sovereign wealth fund for the United States, aimed at maximizing long-term national gains.
While Rasner’s bid is still pending approval, it stands as the frontrunner due to its sheer magnitude. The sale deadline for TikTok is looming, set for April 5. Rasner assured that he is focused on ensuring ByteDance is satisfied with the terms and follows through with the sale.
“So I want to make sure that ByteDance has a fair offer on the table to accept, and I want to make sure they walk away happy,” Rasner emphasized. “I want to make sure the American people are happy with what’s happening. And I want to make sure that President Trump, above all else, is happy with what’s happening.”
Rasner concluded, “One, it’s a great value for the company. We get to protect a national security risk right now with the data and how it’s being leveraged against Americans and used against Americans, not only that, but we get to revolutionize an entire industry.”
