Vloomberg: The U.S. Is On The Verge Of The Scandal Of The Century
12- 20.08.2025, 10:00
- 20,584
Because of Trump's business.
US President Donald Trump continues to grow his business empire amid a presidential term combining power and personal wealth.
This is reported by Bloomberg.
There are fears in the US that democracy risks becoming a business project. You bet, Donald Trump has not abandoned the "blind trust" and continues to run his business as president of the United States.
So, according to a White House document released on Tuesday, August 19, he has purchased hundreds of bonds, including municipal and corporate bonds from Qualcomm, Home Depot, T-Mobile and Meta Platforms, among others.
The first transaction took place the day after Trump's inauguration, and through August he had made 690 such transactions.
Trump's investments span municipal bonds issued by local governments, school boards, airports and gas districts, as well as corporate debt of U.S. companies.
Notably, this is not the first time Trump has combined the presidency and business, casting a shadow over the White House.
Trump's net worth is now estimated by Bloomberg at $6.4 billion. Unlike previous presidents, he has not put assets into a blind trust and continues to run his business empire through his sons.
In previous reports, Trump has noted hundreds of bonds in personal accounts separate from his Mar-a-Lago resort, Trump Media & Technology Group and cryptocurrency projects that have added at least $620 million to his fortune in recent months.
The issue of conflict of interest is acute against this backdrop, as some of Trump's corporate bonds are owned by companies that are directly affected by federal policies initiated by the president.
The White House has not yet provided comment on the published 33-page report to the Office of Government Ethics.
Trump became the first president since the 1978 federal ethics law to not separate his assets from his government leadership, and his actions continue to spark a lively debate about the mix of politics and business.
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