Business first, politics second for Donald Trump: wealth increases since assuming presidency role
In the past year, President Donald Trump's fortune has grown by over a billion dollars, primarily due to his business ventures. His fortune has been bolstered by cryptocurrency investments, foreign real estate transactions, and a private club in Washington.
Controversy erupted over a Boeing 747-8 Jumbo jet offered by Qatar, worth an estimated $400 million, to Trump. This gift has raised questions about foreign influence and corruption, with the Democratic minority leader in the Senate accusing Trump of "high-end foreign influence."
Investigations by the Washington correspondent of the New York Times have revealed that the Boeing gift alone exceeds the value of all gifts received by previous American presidents. Trump's announcements during his visit to Gulf countries have also raised eyebrows, even among members of his own party.
The increase in Trump's fortune is not limited to the Boeing gift. The president has leveraged his position to develop a new cryptocurrency, earning approximately $320 million for himself, his family, and business partners. The meme coins, $TRUMP and $MELANIA, launched on January 17, three days before his inauguration, saw their value quadruple in the following days, although they subsequently decreased in value. Regardless, the Financial Times estimates that the coins have generated over $350 million.
It should be noted that one of the main buyers of these meme coins is Chinese billionaire Justin Sun, who allegedly purchased $40 million worth of $TRUMP in exchange for a reduction in fraud lawsuits.
In addition to his cryptocurrency investments, Trump has negotiated foreign real estate transactions worth several billion dollars and is on the verge of opening an exclusive club on the outskirts of Washington, with a membership fee of $500,000.
The growth in Trump's fortune has led to speculation about potential conflicts of interest regarding the appointment of key figures to government positions. As a result, in a year, Trump's fortune has soared from $3.9 billion to an estimated $5.2 billion.
Sources:[1] World Liberty Financial,[2] $TRUMP and $MELANIA meme coins,[3] Financial Times,[4] "One Big Beautiful Bill Act."
- Despite the surrounding controversy, President Trump's fortune has swelled to an estimated $5.2 billion in a year, ascribed to his diverse actions in finance, such as investing in meme coins like $TRUMP and $MELANIA, foreign real estate transactions, and the establishment of an exclusive club.
- The president's foray into technology-related investments, specifically cryptocurrencies, has proven lucrative, earning him and his associates approximately $320 million from the initial launch of the meme coins, with additional revenue estimated to exceed $350 million by the Financial Times.
