Trump Bought More Than $100 Million In Bonds Since January, Filings Show

President Donald Trump has purchased astatine slightest $103 cardinal worthy of firm and municipal bonds since taking agency successful January, according to caller filings from nan Office of Government Ethics.

The documents, released precocious Tuesday night, show that Trump began nan bond-buying spree 1 day aft being sworn successful connected Jan. 20 and see indebtedness sold by companies, section governments and entities that could beryllium straight impacted by his sweeping agenda. All said, Trump made astir 690 purchases from Jan. 21 done Aug. 1.

The progressive trading by a president of nan United States is unprecedented and puts Trump successful a nonstop position to use — aliases suffer retired — if immoderate of nan entities that ain nan bonds he’s purchased win aliases fail. It’s besides different illustration of Trump pursuing business endeavors and transactions to summation his wealthiness while serving successful office.

On Jan. 21, Trump purchased a enslaved belonging to nan New York Triborough Bridge and Tunnel Authority. A week later, Trump purchased different fistful of bonds complete consecutive days. Those bonds beryllium to various municipal infirmary facilities, airports, location improvement costs and schoolhouse districts from Florida to Alaska.

The filings do not supply nonstop acquisition amounts, but alternatively show a wide dollar scope for each transaction. The filings did not show immoderate income by Trump.

Trump’s buying continued astatine a dependable clip for months, including bonds from megabanks Morgan Stanley, Wells Fargo and Citigroup worthy astatine slightest $100,000 each.

Trump’s nonstop ownership of bonds from 3 of nan nation’s banking giants besides comes arsenic he considers an eventual replacement of Federal Reserve Chair Jerome Powell, and weeks aft he nominated 1 of his apical aides, Stephen Miran, to a spot connected nan Fed’s board. The Fed tin straight impact a bank’s profit by lowering aliases raising liking rates, on pinch myriad regulatory actions. As a Fed governor, Miran would person a nonstop opportunity successful galore of those actions.

The president’s purchases besides included astatine slightest $500,000 of bonds each from chipmaker Qualcomm, mobile supplier T-Mobile USA, Home Depot and UnitedHealth Group, nan nation’s largest backstage wellness security company.

The filings besides show that Trump purchased astatine slightest $250,001 of Meta’s bonds. CEO Mark Zuckerberg attended nan president’s inauguration and made a $1 cardinal aid to that event.

Likewise, Trump’s ownership successful hundreds of municipal bonds puts him successful statement to use erstwhile those municipal entities salary backmost nan indebtedness and comes astatine a clip erstwhile nan management has been tightly controlling nan distribution of costs from nan national authorities to section and location governments.

Trump’s nett worthy presently sits astir $5.5 billion, according to nan Forbes Billionaires List, up a staggering $3.2 cardinal since 2024.

Typically a president divests their financial assets earlier aliases soon aft entering office, but Trump has rejected that precedent and retained astir of his empire since his first word successful office.