Trump buys Netflix, Boeing, GM bonds in US$51 million spree linked to his own policy agenda
Without a blind trust, Trump builds wealth as president with bond trades in firms his policies affect, drawing scrutiny over conflicts of interest
US President Donald Trump’s investments in municipal and corporate debt through December included bonds of some companies affected by his administration’s policies.
In all, the issues cost at least US$51 million.
The new White House disclosure posted on Thursday shows Trump’s buys included bonds from Netflix, CoreWeave, General Motors, Boeing, Occidental Petroleum and United Rentals. He also bought municipal bonds from American cities and local school districts, utilities and hospitals.
The report, which all federal elected officials and appointees who trade must submit, does not specify exact amounts or prices, since only broad ranges of transactions involving stocks, bonds, commodity futures and other securities are required. Trump reported making 189 purchases and two sales, the latter for at least US$1.3 million, between November 14 and December 29, last year.
The disclosure was dated January 14 and approved by a White House ethics official the following day. The president also amended an earlier report, changing the value of four transactions.
The investments are just the latest example of how Trump has continued to build wealth during his presidency. He has also regularly mixed his personal business with official duties, drawing questions about potential conflicts of interest.
The White House did not immediately respond to a request for comment.