Trump Invests $51M in Bonds Linked to Affected Firms
President Donald Trump’s investments in municipal and corporate debt through December encompassed bonds from certain companies impacted by his administration’s policies. The total cost of the issues amounted to no less than $51 million. The latest disclosure from the White House, released on Thursday, reveals that Trump’s investments encompassed bonds from Netflix Inc., CoreWeave Inc., General Motors Co., Boeing Co., Occidental Petroleum Corp., and United Rentals Inc. He also acquired municipal bonds from American cities, local school districts, utilities, and hospitals. The report, mandated for all federal elected officials and appointees engaged in trading, does not detail specific amounts or prices. Instead, it requires only broad ranges of transactions related to stocks, bonds, commodity futures, and other securities.
Trump is reported to have made 189 purchases and two sales, the latter totaling at least $1.3 million, between Nov. 14 and Dec. 29 of the previous year. The disclosure was dated January 14 and received approval from a White House ethics official the next day. The president also revised a previous report, altering the value of four transactions. The investments serve as a recent illustration of how Trump has persistently amassed wealth throughout his presidency. He has consistently intertwined his personal business with official responsibilities, raising concerns regarding possible conflicts of interest. The White House has yet to provide a response to a request for comment.
In August, Trump disclosed 690 transactions he had conducted since his return to the White House in January 2025, amounting to a minimum of $104 million. In November and December, he conducted additional transactions amounting to $106 million, which included three other sales valued at $2 million. Upon the release of the August report, a senior White House official stated that neither Trump nor any of his family members were responsible for the investment decisions. Independent financial managers executed the bond purchases through programs that mirror established indexes during their investment activities, the official stated, noting that the Office of Government Ethics approved the filings. A White House official confirmed that this holds true for transactions in subsequent reports as well. In contrast to his predecessors, Trump chose not to divest or transfer his assets into a blind trust managed by an independent overseer. His extensive business empire is overseen by two of his sons and functions across various sectors that align with presidential policy.
Trump has highlighted Boeing Co. aircraft during his visits to foreign capitals, emphasizing the company’s sales of planes to airlines in Qatar, Japan, and various other nations. During a visit to a Ford Motor Co. factory in Detroit on Tuesday, Trump emphasized the intentions of a competitor, General Motors Co., to relocate production of the Chevrolet Blazer and Equinox from Mexico to the US, asserting that this decision demonstrates the effectiveness of his tariff policies in strengthening domestic manufacturing. Netflix is presently engaged in a heated battle with Paramount Skydance Corp. over Warner Bros. Discovery Inc., establishing a significant antitrust challenge for Trump’s administration, irrespective of the outcome of the merger dispute. Trump has stated his intention to be personally involved in reviewing whichever merger prevails, and Hollywood has been observing the president closely for any signs of how he is assessing the competition for an iconic studio.
