During the period from late August to early October, U.S. President Donald Trump made significant financial investments totaling at least $82 million in corporate and municipal bonds, as revealed in financial disclosures published on Saturday.
The U.S. Office of Government Ethics disclosed that Trump engaged in over 175 financial transactions between August 28 and October 2, with the total value of bond purchases exceeding $337 million.
Most of the assets listed in the disclosures are bonds issued by various public entities such as municipalities, states, and school districts. Trump’s new investments encompass a range of industries, including those that have benefited from his administration’s policies like financial deregulation.
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Trump’s bond acquisitions include offerings from companies like Broadcom, Qualcomm, Meta Platforms, Home Depot, CVS Health, Goldman Sachs, and Morgan Stanley.
Furthermore, Trump’s investments in late August involved the purchase of JP Morgan bonds, coinciding with his request for a U.S. Justice Department to investigate JP Morgan over its connection to Jeffrey Epstein.
Additionally, Trump acquired Intel bonds following the U.S. government’s direction to acquire a stake in the company.
The White House did not immediately respond to requests for comment. It has been stated previously that Trump continues to disclose his investments, managed by a third-party institution without involvement from him or his family.
Trump, whose wealth originated from real estate, has placed his companies in a trust overseen by his children. Concerns about potential conflicts of interest arose from his annual disclosures in June, where he reported substantial income from various ventures, including cryptocurrencies, golf properties, and licensing deals.
His June disclosure revealed assets worth a minimum of $1.6 billion, indicating a significant financial portfolio.
(Reporting by Nandita Bose in Washington; Editing by Sergio Non and Will Dunham)
