10 months ago

Trump's Presidency Sees Wealth Skyrocket Amidst Profit Accusations

Trump's Presidency Sees Wealth Skyrocket Amidst Profit Accusations
A most profitable presidency · theweek.com

Imagine someone who owns a lot of businesses, like hotels and golf courses, even when they become the country's leader.

This leader makes a salary, but their businesses are worth a lot more money.

Some people say that while this leader was in charge, their businesses made even more money, maybe because people wanted to be friends with them.

For example, places they owned got more customers, and new money-making projects started.

Others say this is not true and that the leader followed all the rules.

They point out that laws are complicated, and it's hard to know for sure if someone is using their powerful job to get rich.

Some people who invested in new digital money, called crypto, also made a lot of money, and some of these people had dealings with the leader's businesses.

Even family members are starting new clubs and making deals in other countries.

Key facts

Trump's Estimated Net Worth
$7.3 billion (current), up from $4.3 billion before the 2024 election.
Mar-a-Lago Membership Fee Increase
Doubled to $200,000 before 2017 inauguration; now $1 million.
Foreign Government Spending
Over $750,000 collectively at Trump International Hotel in Washington, D.C., during his first term.
World Liberty Financial Stake
Estimated $5 billion stake for the Trump family.
$TRUMP Memecoin Profit
Estimated $100 million in trading fees in less than two weeks.
Melania Trump Documentary License Fee
$40 million from Amazon, with at least $28 million expected for Melania Trump.
Qatar Deal
$5.5 billion Trump resort in Qatar.
Boeing 747-8 Gift from Qatar
$400 million

Quotes

Fred Wertheimer

a longtime Washington watchdog

“When it comes to using his public office to amass personal profits, Trump is a unicorn—no one else even comes close.”
theweek.com

Karoline Leavitt

White House press secretary

“the president is abiding by all conflict-of-­interest laws.”
theweek.com

an Asian diplomat

told The Washington Post

“Isn’t it rude to come to [Trump’s] city and say, ‘I am staying at your competitor?’”
theweek.com

Don Jr.

acknowledges playing the game despite corruption accusations

“They’re going to hit you no matter what,” so we’re just going to play the game.”
theweek.com

Sources

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