Trump’s investments include Meta, Wells Fargo, Morgan Stanley, Citigroup and T-Mobile, according to filing.
President Donald Trump has been purchasing more than $100 million in company and city bonds since returning to the White House, financial disclosures have been shown, providing a window into billionaire wealth management in his duties.
The return, released Wednesday by the U.S. Government Ethics Office, details the 700 financial purchases made by Trump from the inauguration ceremony on January 21 to August 1.
Purchases include bonds issued by Financial Giants Wells Fargo, Morgan Stanley and Citigroup, as well as bonds from the name names of companies such as Meta, United Health, T-Mobil, and Home Depot.
Dozens of US states, including Texas, Florida and New York, are represented by the purchase of municipal bonds, with Trump’s investments spanning hospitals, schools, airports, ports and gas projects.
Documents do not provide the value of each transaction, only a broad range, such as $100,001-250,000 and $1,000,001-5,000,000.
Trump did not report sales during the period.
A type of fixed income investment, bonds are loans to government authorities or companies in exchange for a designated interest rate.
The White House did not immediately respond to a request for comment, but US media cited executive officials for saying that Trump and his family were not directly involved in the deal.
Under the law passed in the wake of the Watergate scandal in 1978, the US president must disclose broad financial accounting, but is not obligated to sell from assets that could cause conflicts of interest.
Before Trump, all US presidents, dating back to 1978, have either set blind trust or promised to limit investment to a variety of mutual funds when they took office.
Trump is contentious about the tradition and instead passes control of his business empire to the trust that his children control.
Government ethics experts have raised concerns over the intersection of Trump’s governance and his personal wealth for many years.
Richard Painter, who served as White House ethics lawyer under the control of former President George W. Bush, noted that Trump’s bond holdings are rising in value if the Federal Reserve lowers the interest rates they requested.
“When interest rates drop, bond prices rise,” the painter told Al Jazeera. “It’s no wonder he’s leaning against the Fed to cut interest rates!”
Trump’s exact net worth is unknown, but the Bloomberg Billionaire Index last month estimated the US president was worth $6.4 billion.
