This is how Donald Trump leveraged his business empire and political career to make millions of dollars
4 years, 4 months ago

This is how Donald Trump leveraged his business empire and political career to make millions of dollars

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump's presidential campaign has lined the candidate's personal pockets to the tune of $2.3m since he took office, using the money the campaign has raised from major GOP donors and hundreds of thousands of individual Trump supporters to pay off the campaign's lodging, food and rent bills at the president's hotels, resorts and business spaces. The president's campaign committee, Donald J Trump for President, for instance, is spending $37,542 per month each month to operate out of Trump Tower in New York, Federal Election Commission records show. "If he's not spending millions of taxpayer dollars and campaign donations at his own properties in violation of the Emoluments Clause of the US Constitution, he's interfering with the relocation of the FBI Headquarters to protect his DC hotel," Mr Connolly said, referring to the president's insistence since taking office that the FBI renovate its headquarters on its existing site across the street from the president's flagship hotel in Washington, instead of moving the bureau's operations to Maryland or Virginia. As Mr Connolly and other Democratic lawmakers have pointed out, it's not just campaign donations from Republicans that have been funnelled into the president's personal coffers: House Democrats are probing reports, first brought to public attention by the Post in February, that Mr Trump's properties charged the US government exorbitant fees — as much as $650 per night — to lodge US Secret Service agents whenever the president stays at one of his hotels.

History of this topic

Donald Trump allies raise $200 million for inauguration fund — Pfizer, Meta, Amazon among donors: Report
4 days, 15 hours ago
Trump has taken in 'a staggering sum' in cash from donors since winning re-election: NYT
5 days, 18 hours ago
Trump inaugural fund set to break record as businesses scramble to curry favor
2 weeks ago
Donald Trump’s inaugural fund set to break $107 million-mark as Sam Altman, Jeff Bezos, others pledge big bucks
2 weeks ago
Trump’s net worth rose by billions this year despite legal challenges and a wild stock market. Here’s what it is now.
2 weeks, 1 day ago
Corporate interests commit millions to celebrate Trump’s inauguration
2 weeks, 1 day ago
What $1 Million Buys You From Donald Trump
3 weeks, 2 days ago
Trump is to announce $100B SoftBank investment in the US
3 weeks, 3 days ago
Donald Trump to announce $100 billion SoftBank investment in US
3 weeks, 4 days ago
Trump Sends Another $4.3 Million Of Donors’ Money To His Lawyers
1 month ago
Trump adds more billionaires to his administration after promising to help ‘everyday Americans’
1 month ago
'Mind-boggling wealth': Trump said to be assembling 'government of billionaires'
1 month ago
Will Trump 2.0 Cabinet's net wealth shatter 2016 record? The astounding fortunes of his ‘Richie Rich’ nominees revealed
1 month, 1 week ago
Trump asks supporters to donate to Democrats, help them combat 'financial strain'
1 month, 4 weeks ago
Trump just made $500 million with a single Truth Social post
2 months ago
Donald Trump is ‘really, really rich’. But how much money does he have?
2 months ago
From DJT shares, crypto to real estate - where does Donald Trump’s net worth come from
2 months ago
Who are America’s billionaires backing this election?
2 months ago
A Recent Timeline of Elon Musk Going All In on Trump
2 months ago
Harris and Trump raid war chests hunting votes in final blitz of vital swing states in US election
2 months, 1 week ago
Trump loses more than $1 billion in net worth in two-day Truth Social parent company stock tumble
2 months, 1 week ago
'For sale sign around his neck': Trump accused of selling 'policy' for campaign cash
2 months, 2 weeks ago
Trump's Wealth Hinges on Election, but His Business Remains Resilient
2 months, 2 weeks ago
Here's Just How Massive Elon Musk's $118 Million Trump Donation Is
55 years ago
Three billionaires have given a whopping $220 million combined to help get Trump elected
2 months, 3 weeks ago
Staggering $16 BILLION in donations spent on the 2024 election smashes records - and it's still too close to call
2 months, 3 weeks ago
'Could sway the outcome': Trump campaign panicking over Harris’ fundraising edge: report
3 months ago
Trump's Fundraising Soars to New Heights, But Harris Remains in Contention
3 months ago
Kamala Harris outspends Trump by tens of millions in ad battle; ex-President team says 'we just can't afford to…'
3 months, 2 weeks ago
Some Trump insiders appalled by his 'slimy' cash grab as election looms: report
4 months ago
'Con man' Trump has no way to back up his economic promises: Robert Reich
4 months ago
Trump returning to California for big-dollar fundraisers next week
4 months ago
Just 50 people have funneled $1.5B into 2024 campaigns: report
4 months, 2 weeks ago
'Always about the grift': Investigation finds Trump raked in millions from GOP campaigns
4 months, 2 weeks ago
Harris obliterates Trump in July fundraising
4 months, 2 weeks ago
Cryptocurrency, Truth Social and gold bars: A look at Trump’s reported sources of income
4 months, 3 weeks ago
Donald Trump deep in debt while foreign money keeps coming: disclosure
4 months, 3 weeks ago
Harris campaign rakes in double the amount of Trump’s fundraising haul in July
5 months, 1 week ago
What is Donald Trump’s net worth?
5 months, 3 weeks ago
Elon Musk signals he may spend as much as $180 million to elect Trump
5 months, 3 weeks ago
Donald Trump starts fundraising off his own assassination attempt
5 months, 3 weeks ago
Donald Trump outraises Joe Biden with $331 million in second-quarter campaign funds
6 months, 1 week ago
Trump’s campaign reports raising $331 million in year’s 2nd quarter, beating Biden’s haul
6 months, 1 week ago
Trump cashes in on legal woes as GOP decimates Biden's massive fundraising lead
6 months, 2 weeks ago
Trump boasts guilty verdict 'outraged and motivated' Americans to give him $300M
7 months ago
Trump raises $141 million in May, bolstered by guilty verdict
7 months ago
Multiple Trump witnesses have received significant financial benefits from his businesses
7 months ago
Trump sells $10 million jet to MAGA megadonor amid steep legal fees: report
7 months, 1 week ago
Biden and Democrats raised $51 million in April, far less than Trump and the GOP’s $76 million
7 months, 2 weeks ago
Donald Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower: report
7 months, 4 weeks ago

Discover Related