Recommendations of the Editorial team
Even before Donald Trump officially started his second term, the family business began to exploit the presidential office except for the last cent. Now has a new analysis of the “New Yorker” A possible number mentioned how much Trump’s crypto business, real estate deals, license agreements and other fraud of the first family brought in America during Trump’s political career. Amazing $ 3.4 billion.
Profits from crypto, real estate and Mar-A-Lago
The sum is an estimate. Because the Trump organization and its various subsidiaries and participations – which are largely controlled by the president’s adult children – have not fully disclosed their finances.
The “New Yorker” estimated that the President’s various cryptocurrency projects generated at least $ 2.37 billion. That the financial investments led by Donald Jr. and Eric Trump brought in $ 339.6 million. And that Trump’s flagship resort Mar-A-Lago in Palm Beach, Florida, recorded $ 125 million of additional profits.
If you add $ 127.7 million from lawyers and merchandise sales as well as a media empire with an estimated value of $ 116 million, it becomes clear that the Trumps have built up a company empire on the back of the public office of their patriarch.
State trips as a business chance
Only last month, the President used a state trip to Scotland-for which millions of taxpayers’ money was spent on travel and security-in order to inaugurate a new Trump golf course near Aberdeen. On the same journey, Trump received British Prime Minister Keir Strander in his private turnberry golf club. The, as during Trump’s first term, will probably benefit from use as an event location. In the same week it was reported that Trump spoke privately about aligning the G20 summit of heads of state and government in his Doral Golf Club.
As previously reported by Rolling Stone, the president is said to have expressed his closest circle that it was “stupid” to leave so much money in the first period. And that he is planning to correct this error in the second term.
Family business as a loophole
It is a practical loophole that the business transactions of the family of Trump’s children who make headlines worldwide are coordinated by Trump’s children. One that enables the President to avoid many of the disclosure and ethics laws that regulate private investments from officials.
After years in which he accused his political opponents – and their sons – to use the status of the White House for personal enrichment, the Trumps now operate an open form of fraud, as is unprecedented in the history of the Oval Office. And the Americans are just starting to see the full extent of how rich the “house of the people” make the president.