Donald Trump According to new disclosures, companies, state and municipal bonds have purchased more than $100 million since taking office in January, further revealing a huge stake in the U.S. billionaire president.
The forms, released online on Tuesday, show that the former Republican real estate tycoon made more than 600 economic purchases since Jan. 21, the second day after his second term in the White House.
Documents filed from the U.S. Government Ethics Office on August 12 do not list the exact amount of each purchase, but only offer a wide range.
These include corporate bonds from Citigroup, Morgan Stanley and Wells Fargo, as well as Yuan, Qualcomm, Home Depot, T-Mobile USA and UnitedHealth Group.
Other debt purchases include various bonds issued by cities, states, counties and school districts as well as gas districts and other issuers.
These shares cover sectors that may benefit from shifts in U.S. government policies, such as financial deregulation.
A senior White House official said Trump continued to make mandatory disclosures of his portfolio, but neither he nor his family played a role in managing or selecting bonds, which are managed by third-party financial institutions. Federal ethics officials have certified reports that comply with applicable laws, according to officials who declined to be named.
Trump, a politician, said he has incorporated his company into a trust run by his children.
“President Trump’s net worth has increased significantly, with much of it concentrated in cryptocurrencies and Trump media. Given this, there is no evidence that his bond purchases are a prudent diversification of his multi-billion dollar assets,” said John Canavan, an analyst at Oxford Economics.
“It seems like he’s mainly buying corporate and municipal bonds, as well as other high-quality and highly rated bonds, so it’s just a way to get some risks,” he said.
Trump’s annual disclosure form filed in June showed that his income from various sources would eventually still lead to the president’s income – which opened up his allegations of conflict of interest.
In the disclosure that appears to cover the 2024 calendar year disclosure, Trump reported more than $600 million in revenue from cryptocurrencies, golf properties, licensing and other businesses. This also shows that his entry into cryptocurrency has greatly increased his wealth.
Overall, Trump reported assets of at least $1.6 billion, according to a record at the time.
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