{"entity":{"id":39102,"slug":"barre-seid","name":"Barre Seid","type":"person","role":"Tripp Lite founder; donated $1.6B to Marble Freedom Trust 2022","description":"Reclusive Chicago-area billionaire electronics-component magnate; founder of Tripp Lite. In 2021-2022, transferred 100% of his ownership in Tripp Lite to the Marble Freedom Trust (a Leonard Leo-aligned 501(c)(4)) - which then sold the company to Eaton Corp for approximately $1.6 BILLION. The transaction structure (stock transfer to c4 before sale) avoided capital gains tax on the founder side AND placed the proceeds in a politically-active dark-money vehicle, all legally. Largest known dark-money donation in US history.","imageUrl":null,"createdAt":null,"updatedAt":null},"electedOffice":null,"significance":null,"facts":[],"connections":[],"contradictions":[],"permalink":"https://www.goblinhouse.net/entity/barre-seid","timelineUrl":"https://www.goblinhouse.net/entity/barre-seid/timeline"}