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Donald Trump, GOP, Opinion, Politics

Here’s How Much Trump Has Reportedly Pocketed In His First Year Back In Office As Critics Accuse Him Of ‘Exploitation’

Trump made a staggering amount of money in his first year back in the White House.

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How much money did Donald Trump make in his first year back in the White House? According to one new report, quite a lot.

According to an editorial by the New York Times, the president has “pocketed” around $1.4 billion in the first year of his second term. This includes money made by members of his family, as well as business entities connected to him.

“He has poured his energy and creativity into the exploitation of the presidency — into finding out just how much money people, corporations and other nations are willing to put into his pockets in hopes of bending the power of the government to the service of their interests,” the Times said, in an editorial on the first anniversary of the president’s second inauguration.
“A review by the editorial board relying on analyses from news organizations shows that Mr. Trump has used the office of the presidency to make at least $1.4 billion. We know this number to be an underestimate because some of his profits remain hidden from public view. And they continue to grow.”

Where did the money come from?
The Trump family, per the Times, has made $23 from “licensing Mr. Trump’s name overseas since his re-election.” The family is making $28 million from the upcoming Melania documentary, coming out next week from Amazon. And, per the Times, “Major tech and media companies have paid Mr. Trump $90.5 million in settlements since his re-election.”
But those are small-ticket items compared to the $400 million jet from the government of Qatar, and the $867 million the Trump family has received from various cryptocurrency plays.

“Mr. Trump’s sale of crypto has been by far his biggest moneymaker, according to Reuters,” the Times said. “People who hope to influence federal policy, including foreigners, can buy his family’s coins, effectively transferring money to the Trumps, and the deals are often secret. One that has become public: A United Arab Emirates-backed investment firm announced plans last year to deposit $2 billion into a Trump firm — two weeks before the president gave the country access to advanced chips.”

“All told, Mr. Trump has profited from his return to the presidency by an amount of money equal to 16,822 times the median U.S. household income,” the Times said.
Photo courtesy of the Political Tribune media library. 
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Stephen Silver

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Stephen Silver is an award-winning journalist, essayist and film critic, and contributor to the Philadelphia Inquirer, the Jewish Telegraphic Agency, Broad Street Review and Splice Today. The co-founder of the Philadelphia Film Critics Circle, Stephen lives in suburban Philadelphia with his wife and two sons. Stephen has authored thousands of articles that focus on politics, technology, and the economy.

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