Trump Invests Over $82 Million in Bonds Since Late August
US President Donald Trump acquired a minimum of $82 million in corporate and municipal bonds from late August to early October, which included new investments in sectors that stand to gain from his policies, according to financial disclosures released on Saturday. According to the forms, Trump executed over 175 financial transactions from August 28 through October 2. The disclosures, made under a 1978 transparency law known as the Ethics in Government Act, do not specify exact amounts for each purchase, instead offering a general range. The filings indicate that the maximum total value of the bond purchases surpassed $337 million. The assets detailed in Saturday’s disclosures primarily comprise bonds issued by municipalities, states, counties, school districts, and other entities associated with public agencies.
Trump’s new bond investments encompass various industries, including those that have already gained, or are currently gaining, from his administration’s policy shifts like financial deregulation. Trump’s portfolio of corporate bonds features offerings from chipmakers like Broadcom and Qualcomm, tech giants such as Meta Platforms, retailers including Home Depot and CVS Health, as well as banks like Goldman Sachs and Morgan Stanley. In late August, the debt purchases of investment banks encompassed bonds from JP Morgan. On Friday, Trump requested that the US Justice Department conduct an investigation into JP Morgan regarding its connections to the late financier and convicted sex offender Jeffrey Epstein. The bank has expressed regret over its previous associations with Epstein and stated that it did not assist him in committing “heinous acts.” Trump also acquired Intel bonds following the US government’s acquisition of a stake in the company, which was directed by Trump.
The White House has yet to provide a response to a request for comment made on Saturday. The administration has previously stated that Trump continues to submit required disclosures regarding his investments; however, neither he nor his family is involved in managing the portfolio, which is overseen by a third-party financial institution. Trump, who amassed his fortune in the real estate sector prior to his political career, has stated that he placed his companies into a trust managed by his children. A disclosure filed in August revealed that Trump had acquired over $100 million in bonds since resuming the presidency on January 20. In June, Trump submitted his annual disclosure form, revealing that income from his various ventures ultimately benefits him, which raises concerns about potential conflicts of interest.
In the annual disclosure, which seemed to encompass the 2024 calendar year, Trump reported over $600 million in income derived from cryptocurrencies, golf properties, licensing, and various other ventures. It also demonstrated that Trump’s foray into crypto had significantly increased his wealth. In June, the president disclosed assets valued at a minimum of $1.6 billion.
