US President Donald Trump has purchased many millions of dollars worth of bonds from taking over his duties in January, investing in bonds issued by local authorities, gas companies and large US companies.
33 pages of documents submitted to the US Government Ethics Office (OGE) on August 12 are described 690 transactions made by his duties.
According to CNBC calculations, the markets had a total value of at least $ 100 million, adopting the lowest value listed for each transaction revealed.
By law, the US president, the Vice -President and other selected officials must periodically submit the “declared transactions” to OGE. The exact value of these transactions does not need to be stated.
Extensive lists filed earlier this month show that, during this year, Trump bought bonds issued by various bodies, including local US governments, as well as gas companies, water supply companies, hospital authorities and school committees.
Trump also bought bonds issued by a number of well -known companies. The documents report bond purchases of between $ 500,000 and $ 1,000,000 issued by T-Mobile US, United Health and Home Depot in early February. Later in the same month, he bought bonds issued by META, a parent company on Facebook and Instagram, worth between $ 250,000 and $ 500,000.
The White House did not immediately respond to CNBC’s request for comment.
Some of the companies whose bonds now belong to Trump have been directly influenced by his political or business activities.
The White House leader has a net wealth of $ 5.5 billion, according to Forbes. In 2020 – the last year of his first presidential term – Trump had $ 2.1 billion in property, according to the magazine. Forbes described the years between its two terms as “the most profitable post -presidential period in American history” thanks to a series of business ventures promoted to its supporters.
Trump’s political opponents have previously accused him of various conflicts of interest during his term as president. According to the federal law, the President and the Vice -President are excluded from certain regulations concerning conflicts of interest between federal officials – but according to the non -profit Crew organization, all modern -day presidents chose to assign their business before Trump.
Source: Skai
I am Janice Wiggins, and I am an author at News Bulletin 247, and I mostly cover economy news. I have a lot of experience in this field, and I know how to get the information that people need. I am a very reliable source, and I always make sure that my readers can trust me.