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He probably could have done without it, but it is an obligation that every candidate for the White House must comply with. Donald Trump had to declare his assets to the US Office of Government Ethics. The latter then sifts through the documents provided by politicians or senior officials in order to uncover a potential risk of fraud or conflict of interest.
A 265-page document filed by the Republican candidate was recently made public. This is an opportunity for us to scrutinize in detail the financial investments in the field of cryptocurrencies and Tech that particularly interest us.
Truth Social, a potential cash machine
Donald Trump declares assets of $2.7 billion in Trump Media & Technology Group, a publicly traded company that oversees its Truth Social service. That’s about half of its $5.3 billion net worth at the time of filing.
That figure is misleading, though. The entrepreneur’s shares are subject to a lock-up period, he says. Bloomberg. This period will not be lifted until September. In addition, there has been a real drop in the company's share price at the time of writing, so the amounts cited no longer seem relevant.
NFT and Ethereum
The billionaire is at the head of the company CIC Digital LLC. The latter, which markets NFTs bearing the image of the former president, allowed him to pocket $7.2 million. He also has a cryptocurrency portfolio that contains at least $1 million in Ethereum.
200% Deposit Bonus up to €3,000 180% First Deposit Bonus up to $20,000Under these conditions, we can better understand the businessman's sudden interest in cryptocurrencies. Investors in the sector were not mistaken, and some of them gave him their support. They do not really appreciate the Democrats' regulatory inclinations in this area.
Donald Trump's stock market investments
Our colleagues at Les Échos noted that the Republican candidate invested in 850 American stocks, but for relatively modest amounts and often less than $15,000.
He notably bet on Tesla (less than $100,000). Elon Musk, who supports him in the presidential campaign, had to accept. Donald Trump has also taken a few positions in the flagships of the Tech industry: Alphabet (Google), Apple, and Nvidia. He also has his sights set on very profitable big names like Coca-Cola, Walt Disney, and McDonald's.
Is Donald Trump a tightwad??
With a personal fortune estimated at $4.4 billion by Forbes, the businessman would have ample means to invest in his presidential campaign. However, he refuses to put his hand in his pocket and prefers to rely on fundraising. His candidacy has already raised $635 million since announcing his candidacy, according to figures from August 16.
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