Document disclosure: Since late August, Trump has purchased at least $82 million in bonds.
Trump's new investments cover multiple industries, including chip manufacturers, retailers, and Wall Street banks, some of which benefit from changes in government policies.
On Saturday, November 15th, the U.S. Office of Government Ethics (OGE) released a financial disclosure report showing that from late August to early October, U.S. President Donald Trump had purchased at least $82 million in corporate bonds and municipal bonds, including new investments in industries benefiting from his policies.
According to reports from various media outlets including CCTV News, Trump had submitted his first public financial disclosure report during his tenure in June. At that time, documents released by the OGE showed that Trump continued to receive income from dozens of luxury real estate and business projects, many of which were valued at millions of dollars.
According to the latest form released by the OGE on the 15th, Trump conducted over 175 financial transactions between August 28th and October 2nd. Most of the purchased assets were bonds issued by municipalities, state governments, counties, school districts, and other entities associated with public institutions.
The disclosure requirements are based on a transparency law called the Ethics in Government Act enacted in 1978, but they do not list the specific amounts of each transaction, only providing a rough range.
New investments benefit from his policies
Trump's new bond investments cover multiple industries, including some that have already benefited or are currently benefiting from policy changes by his government.
The corporate bonds held by Trump include bonds from chip manufacturers (such as Broadcom and Qualcomm); tech companies (such as Meta platforms); retailers (such as Home Depot and CVS Health); and Wall Street banks (such as Goldman Sachs and Morgan Stanley).
In late August, Trump also purchased bonds from investment banks such as JPMorgan Chase. It is worth noting that on Friday, November 14th, Trump called for an investigation by the U.S. Department of Justice into JPMorgan Chase due to its association with financier Jeffrey Epstein. The bank responded by expressing regret for its past association with Epstein and stating that it did not assist him in any "misconduct."
Additionally, after the U.S. government purchased shares in Intel Corporation based on Trump's instructions, Trump also bought bonds from the company.
The White House did not immediately respond to requests for comment on the matter. The Trump administration had previously stated that Trump continues to submit required legal disclosure documents regarding his investments, but he and his family do not manage the investment portfolio themselves it is managed by a third-party financial institution.
A disclosure document submitted in August showed that since Trump took office on January 20, he had purchased over $100 million in bonds. In June, Trump also submitted his 2024 annual disclosure form, which indicated that he still owned income from various businesses.
The 2024 annual disclosure document shows that Trump earned over $600 million from cryptocurrency, golf real estate, licensing, and other businesses. The document also shows that Trump's investment in the cryptocurrency field significantly increased his wealth. At that time, it was estimated that the president's total assets were at least $1.6 billion.
This article was reposted from "Cai Lianshe" and the author is Zhou Ziwei; edited by GMTEight: Feng Qiuyi.
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