According to financial reports released on Saturday, U.S. President Donald Trump purchased at least $82 million in corporate and municipal bonds between late August and early October, including new investments in industries that profit from his policies.
Trump made over 175 financial purchases between August 28 and October 2, according to documents made public by the U.S. Office of Government Ethics.
The disclosures, which were issued in accordance with the Ethics in Government Act, a 1978 transparency statute, only provide a general range rather than the precise sums for each purchase.
The papers show that the bond purchases had a maximum total value of more than $337 million. Bonds issued by municipalities, states, counties, school districts, and other organizations connected to public agencies make up the majority of the assets included in Saturday's reports.
Trump has made fresh bond investments in a number of industries, including some that have profited from his administration's policy reforms, such banking deregulation.
Chipmakers like Broadcom and Qualcomm, software firms like Meta Platforms, merchants like Home Depot and CVS Health, and Wall Street banks like Goldman Sachs and Morgan Stanley are among the corporate bonds that Trump has purchased.
Bonds from JP Morgan were among the investment bank debt purchased in late August. Trump requested on Friday that the U.S. Justice Department look into JP Morgan's connections to the late businessman and convicted sex offender Jeffrey Epstein.
The bank has stated that it is sorry for its previous relationship with Epstein and that it did not assist him in carrying out "heinous acts." Following the U.S. government's acquisition of a share in Intel under Trump's leadership, Trump also purchased Intel bonds.
Trump, who amassed wealth in the real estate industry prior to entering politics, has previously stated that he put his businesses in a trust that is managed by his kids.
Since taking office again on January 20, Trump has bought more over $100 million in bonds, according to an August filing. Concerns about possible conflicts of interest were raised by Trump's June submission of his yearly disclosure form, which revealed that he still receives the money from his different business endeavours.
Trump reported earning over $600 million from cryptocurrency, golf properties, licensing, and other endeavours in that yearly statement, which seemed to span the 2024 calendar year.
It also demonstrated how Trump's foray into cryptocurrency had significantly increased his wealth. According to a Reuters calculation at the time, the president's June statement revealed assets totalling at least $1.6 billion.
