Trump’s new bond investments span several industries
Acquired Intel bonds after the government acquired a stake
WASHINGTON, Nov 15 (Reuters) – U.S. President Donald Trump bought at least $82 million in corporate and municipal bonds between late August and early October, including new investments in sectors benefiting from his policies, financial information released on Saturday showed.
Trump made more than 175 financial purchases between Aug. 28 and Oct. 2, according to forms released by the U.S. Office of Government Ethics. The disclosures, made under the Ethics in Government Act of 1978, do not list exact amounts for each purchase, just a broad range.
The maximum total value of the bond purchases exceeded $337 million, according to the filing.
Most of the assets listed in Saturday’s disclosures are bonds issued by municipalities, states, counties, school districts and other entities with ties to public agencies.
Trump’s new bond investments span several industries, including sectors that have already benefited or are benefiting from his administration’s policy changes, such as financial deregulation.
Corporate bonds acquired by Trump include bids from chipmakers such as Broadcom and Qualcomm; technology companies like Meta Platforms; retailers like Home Depot and CVS Health; and Wall Street banks such as Goldman Sachs and Morgan Stanley. Investment bank debt purchases in late August included JP Morgan bonds. Trump on Friday asked the US Justice Department to investigate JP Morgan over its ties to late financier and convicted sex offender Jeffrey Epstein. The bank said it regretted its past dealings with Epstein and did not help him commit “heinous acts”. Trump also acquired Intel bonds after the US government, under Trump, acquired a stake in the company.
The White House did not immediately respond to a request for comment on Saturday. The administration has previously said that Trump continues to be required to disclose information about his investments, but that neither he nor his family have a role in managing the portfolio, which is managed by a third-party financial institution.
Trump, who made his fortune in the real estate sector before entering politics, has previously said he has placed his companies in a trust overseen by his children.
A disclosure filed in August indicated that Trump had purchased more than $100 million in bonds since returning to the presidency on Jan. 20. Trump also filed his annual disclosure form in June, which indicated that income from his various businesses still ultimately flowed to him, raising concerns about a potential conflict of interest.
In that annual disclosure, which appeared to cover the calendar year 2024, Trump reported more than $600 million in income from cryptocurrencies, golf properties, licensing and other businesses. It also showed that Trump’s push for cryptocurrencies has contributed substantially to his wealth.
In all, the president’s June disclosure listed assets worth at least $1.6 billion, according to a Reuters calculation at the time.
(Reporting by Nandita Bose in Washington; Editing by Sergio Non and Will Dunham)
