Published: 10:40pm, 20 Aug 2025Updated: 11:00pm, 20 Aug 2025
US President Donald Trump has bought hundreds of bonds since he returned to office, including those sold by American companies affected by the sweeping changes to federal policies he’s championed.
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The 690 transactions, the first of which was made the day after his inauguration, total at least US$103.7 million, according to a document released by the White House on Tuesday that disclosed the billionaire’s investing activity this year through early August.
In addition to municipal bonds issued by local governments, school boards, airport authorities and gas districts, Trump bought corporate debt in tranches of at least US$500,000 each from Qualcomm, Home Depot and T-Mobile on February 10.
He also bought at least US$250,000 of debt from Facebook owner Meta Platforms later that month.
The report, which all federal elected officials and appointees who trade must submit, does not provide exact amounts or prices, since only broad ranges of transactions involving stocks, bonds, commodity futures and other securities are required. Trump reported no sales.
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The investments provide another example of how the president, whose net worth is pegged at US$6.4 billion by the Bloomberg Billionaires Index, continues to pursue wealth accumulation while in office.
Unlike his predecessors, Trump did not divest or move his assets into a blind trust with an independent overseer. His sprawling business empire is managed by two of his sons and operates in several areas that intersect with presidential policy.