Donald Trump Reports $2.2B In Personal Revenue During First Year Of Second Presidential Term
Donald Trump personally collected $2.2 billion during the first year of his second presidential term, according to a disclosure form released Tuesday by the U.S. Office Of Government Ethics.
The amount of gains largely reflects Trump’s significant stake in the tech industry. Cryptocurrency transactions and dealings with Nvidia, Amazon and other firms are captured in the report, as are media ventures like First Lady Melania Trump’s eponymous documentary project with Amazon MGM Studios.
Reporters asked Trump about the financial gains on Wednesday, and he dismissed the idea that reaping such financial rewards during a presidency was an issue. “You know why I’m profiting? Because the stock market is going up,” he said. “We’re all profiting, I’m profiting because I have a lot of money and a lot of cash.” (Watch a video above of his exchange with reporters.)
The 900-page disclosure lists a number of investments in hundreds of companies. Crypto was the largest single contributor to Trump’s proceeds, with $798 million coming in from World Liberty Financial, the president’s crytocurrency business and a related stablecoin operation. Through a licensing deal, Trump also brought in $635 million in royalties from memecoins issued by Celebration Coins.
Melania Trump took in $10.7 million from a licensing deal for Melania, the documentary released by Amazon. The economics of that film, which was directed by Brett Ratner, have drawn criticism given the lavish spending on its marketing campaign. After a wide release last January, it grossed $16.7 million at the global box office compared with $75 million to make and market it.
Amazon co-founder and executive chairman Jeff Bezos has defended the green-lighting of the movie as “a very wise business decision.”
With his cameo appearances in films and TV shows over the years, Trump joined the Screen Actors Guild (now SAG-AFTRA) in 1992, according to the form. He reported receiving $77,808 from the union’s pension fund.
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The next Democratic President needs to appoint Leticia James as US Attorney General and let her go to work on all the corruption of the previous administration, the insider trading, selling tech to the middle east, the bribes, crypto scams, no-bid contracts, cronyism, it’s endless grifting and corruption.
Trump is the kind of oligarch who will tell the common man that the U S as a whole should view the stock market as a snapshot of how well the U S is doing when in reality it is pretty much the super rich who are controlling what is happening in the stock market and the food believe them.
Nuremberg 2.0 in the next few years. Popcorn ready. Please televise.