Credited from: SCMP
U.S. President Donald Trump has disclosed approximately $100 million in municipal and corporate bond purchases between mid-November and late December 2022. The purchases include up to $2 million in bonds from Netflix and Warner Bros Discovery, shortly after their announced merger, further expanding Trump's already substantial investment portfolio while in office. Most of these purchases were municipal bonds from cities, local school districts, and utilities, as well as corporate bonds from prominent companies such as Boeing, General Motors, and Occidental Petroleum, according to SCMP, Reuters, and India Times.
The timing of these investments has prompted questions regarding potential conflicts of interest, especially since Trump's policies may affect the companies he has invested in. For instance, Trump publicly stated that he will have input on whether Netflix can proceed with its $83 billion acquisition of Warner Bros Discovery, which is competing against Paramount's rival bid. Regulatory approval will be necessary for any merger to proceed, noted both Reuters and India Times.
A White House official has emphasized that Trump's bond portfolio is managed independently by third-party financial institutions, removing any direct decision-making involvement from Trump and his family regarding specific investments. This detail aims to alleviate concerns about transparency and ethics surrounding Trump's investment activities, which add to a much larger financial portfolio reported to exceed $82 million in previous bond purchases from late August to early October 2022, according to SCMP and Reuters.