Since commencing his second term in January, President Trump has acquired bonds valued at over $100 million, as noted in the Office of Government Ethics submissions.
The documents, which were made public on Tuesday evening, highlighted that the president began his buying spree on January 21, the day following his inauguration. Throughout January, he secured more than 30 corporate and municipal bonds, and by August 1, his bond acquisitions amounted to nearly 700.
These filings represent periodic disclosures that follow a careful review by the Office of Government Ethics to ensure compliance, including obtaining Trump’s approval, explained a senior White House official. The officer noted that Trump does not oversee his investments; instead, they are managed by an external financial institution.
The officer also emphasized that neither Trump nor his family directly influences these investment choices, which are determined by an independent management team.
The bonds acquired by Trump, as detailed in the documents, encompass those issued by entities such as the Triborough Bridge and Tunnel Authority, a healthcare facility in Alachua County, Florida, a Michigan public power agency, and a park and recreation department in Johnson County, Kansas.
Additionally, bonds were procured from several prominent corporations, including Home Depot, T-Mobile USA, UnitedHealth Group, Wells Fargo, Morgan Stanley, and Qualcomm.
The filing does not give a specific amount of each purchase, but the lowest range from $50,001 to $100,000 and the largest range from $500,001 to $1 million.
Trump has been criticized for mingling politics with his business interests throughout his second term, with ethics watchdogs and Democrats accusing him of profiting off of the presidency through ventures like the launch of a cryptocurrency, Trump-branded sneakers and Bibles and a line of fragrances.
