Since the accession of Donald Trump has purchased at least $ 103 million for bonds, including debt issued by companies that can be affected by the federal policy that T-Mobile, Meta and Home Depot, according to the government’s financial information.
According to August 12, filed in the US Office of Government ethics, the president made nearly 700 bond purchases while in the White House, investing in bonds not only from naming firms but unclear local authorities and supply districts.
The information obtained by Bloomberg does not show the exact size of the purchases, but they show that the president bought between $ 500,000 and $ 1,000,000 in bonds from T-Mobile and Home Depot in February, as well as debt worth $ 250,000 and $ 500,000 from Facebook Parent Meta.
Meta, along with a number of other big names in the tech world, donated $ 1 million to Trump’s inauguration fund.
An official in the White House told Reuters that Trump and his family had no role in managing the purchases carried out by a third -party financial institution. The official added that federal ethical officials certified the purchases as in accordance with applicable laws.
Critics have claimed that Trump, a billionaire businessman and television personality before becoming president, still has very lucrative activities while having their term of office.
According to federal ethical laws, presidents are not obliged to dispose of assets that may constitute a conflict of interest, but most have done so since the late 1970s and moved their assets to the blind trusts administered by independent screens.
Trump is the first president who has not done so since 1978, and his business empire is held in a trust administered by his two sons.
Republicans’ net worth has more than doubled since the last year of his first period, and since re -assuming the office, the president has continued to promote his business interests, including by visiting a new Trump golf course in Scotland and hosting top investors in his cryptocurrency business for a tour of the White House in May.
On average, the president has visited one of his properties about once every other day since accession and has promoted his business at least 60 times, according to Watchdog Group Citizens for Ethics in Washington.
The president’s sons have meanwhile persecuted lucrative offers in the crypto over the Zach Witkoff, the son of the American Middle East -Release Steve Witkoff.
A fund linked to the United Arab Emirates government, an American ally, spent $ 2 billion in the Trump family’s World Liberty Financial Cryptocurrency to invest in a crypto exchange.
The Trump sons have also ink several business deals in the Middle East since their father joined, including a Trump -labeled golf course in Qatar, partly supported by the country’s sovereign wealth fund.