Trump has bought over US$100M in bonds since returning to White House: docs
The forms, posted online on Tuesday, show the Republican former real estate mogul made more than 600 financial purchases since Jan. 21, the day after he was inaugurated for his second term in the White House.
The August 12 filing from the U.S. Office of Government Ethics does not list exact amounts for each purchase, only giving a broad range.
They include corporate bonds from Citigroup, Morgan Stanley, and Wells Fargo, as well as Meta, Qualcomm, The 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.
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The holdings cover sectors that could benefit from U.S. policy shifts under his administration, such as financial deregulation.
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A senior White House official said Trump continued to file mandatory disclosures about his investment portfolio but that neither he nor his family had a role in managing or selecting the bonds, which are managed by a third-party financial institution. Federal ethics officials certified the reports, which are in compliance with applicable laws, according to the official, who declined to be named.
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Trump's support plummets 6 months into presidency, down 10% since February
Trump, a businessman-turned-politician, has said he has put his companies into a trust managed by his children.
'President Trump's net worth has increased substantially, with much of that concentrated in crypto holdings and Trump Media. Given that, there is no evidence currently that his bond purchases are anything other than a prudent diversification within his billions of dollars in assets,' said John Canavan, lead US analyst at Oxford Economics.
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'It seems like he was primarily purchasing corporate and municipal bonds and others that are high quality and highly rated, so it's just a way to take a little bit of risk off the table,' he said.
Trump'sannual disclosure form filed in June showed his income from various sources still ultimately accrues to the president – something that has opened him up to accusations of conflicts of interest.
In that disclosure, which appeared to cover the 2024 calendar year, Trump reported more than $600 million in income from cryptocurrencies, golf properties, licensing and other ventures. It also showed the president's push into crypto had added substantially to his wealth.
Overall, the president reported assets worth at least $1.6 billion, according to a Reuters calculation at the time.
(Reporting by Susan Heavey, Trevor Hunnicutt and Douglas Gillison in Washington and Davide Barbuscia in New York; Editing by Sharon Singleton and David Gregorio)
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- Toronto Sun
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Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. 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