How the presidency saved Trump from ruin and made him a fortune

Trump’s daughter Ivanka and her husband Jared Kushner played hinged roles in Trump’s first term before retiring this time. This did not prevent Kushner, whose father was appointed by the president as an ambassador to Paris, from guaranteeing $ 3.5 billion in Saudi Arabia, Qatar and the United Arab Emirates for his investment capital company.

On weekends, it appeared that the Qataris will donate a modified Boeing 747 worth $ 400 million – described by Trump as a “palace in the sky” – in the United States to replace the Air Force One fleet. When Trump leaves his duties, he will become the property of a future Trump’s presidential library and will be available for his personal use.

• Maga Anger while Trump accepts the jet of the “jihadists of Qatari in the costumes”

All this is a huge change from just over 12 months ago when Trump, despite $ 413 million in the bank, faced the prospect of a financial ruin.

He was fighting on the control of the Republican Party on the way to become his alleged presidential candidate, but not for the first time his precarious financial situation.

He had to find $ 454 million for a deposit to cover a civil fraud judgment against his eponymous property company after being noted that she had inflated the value of his assets to obtain greater loans. He conceded, when he crossed the country campaigning for the White House, which he had no money. “I look at 40 Wall Street every day,” said Letitia James, Attorney General of New York State, while looking at the opportunity to dismantle Trump’s business empire and seize some of her precious property.

There was also a defamation judgment of $ 83.3 million against him on his refusals that he had violated the writer E Jean Carroll, while other legal bills accumulated by millions.

Trump responded in the only way he knew. He cajolé, played for time, sold, negotiated and exchanged.

A year later, despite the distraction of having to direct the country, it is as rich as ever, doubling its richness, according to the analysis of Forbes magazine, from 2.3 billion to $ 5.1 billion.

He and his family not only cashed the Trump brand, but the criticisms say they also made billions of his return to the White House.

The Middle East was a fertile land, but the president also tightened money from other places, including a range of official goods Maga for its fans base. Authorized TRUMP products include watches, after-sharing, trainers and a Trump Bible. All this brought him millions.

A more lucrative employee was the flotation of his social media company of truth, which he announced the day after the follow -up of the New York court to reduce the amount necessary for the deposit, to $ 175 million.

• How Trump became a Crypto convert – and why he caused the alarm

The company loses much more than it does in income. Many of its donors are Trump fans rather than serious investors, and since its value, its value has more than divided by two. Trump himself, however, pocketed more than $ 2.5 billion.

His family took the opportunity. A few days after Trump won the November elections, Donald Jr, his eldest son, announced that rather than taking a job in the administration, as some expected, he would join 1789 capital, a venture capital company whose investments include the media company of Tucker Carlson, the former Fox News host and the right-wing influencer.

With the founder of the company, Omeed Malik, Donald JR launched a new private club only an invitation to Washington. Executive Branch, based on high-end Georgetown, will bear high membership fees of around $ 500,000 and is aimed at technology patterns, business leaders, energy magnates and, of course, with the interior circle of Trump, allowing them to mix socially beyond the prying eyes of the masses. It is already said that there is a waiting list.

Meanwhile, Eric Trump, the president’s second son, was at the forefront of family cryptography efforts, taking a boom that some fear a financial bubble. The agreement with the water could be worth billions of dollars to the family.

Launched in October, a month before the elections, the assessment of World Liberty climbed after winning Trump and promised deregulation for the cryptography market. Another room, $ Trump, was launched a few days before the inauguration, jumped out after Trump was sworn.

• Melania Trump joins the enthusiasm of the play even with her own cryptocurrency

Trump’s digital asset, who has the president who holds his tight fist like his logo, he increased by 20% by more than 20% since he was announced that he would speak during an exclusive cryptography dinner (in his own Virginia golf station) later this month. Buyers of the part apparently hope that their investment will guarantee them an invitation.

An attempt at Congress last week to regulate the cryptography market is in difficulty after the Congress Republicans have stopped negotiations in a decision that would potentially suit Trump and his family.

Richard Painter was the chief lawyer for the Ethics of the White House in the George W Bush administration and developed the most recent directives on external interests for civil servants. He said Bush was so careful that he even refused to authorize a junior school in his country of origin in Texas to adopt his name while he was in power, in case he is interpreted as biased.

“Trump is a little different,” he said. “He markets all kinds of exciting things, but it is almost impossible to stop him. He is the president and he can use his own name to sell what he wants. Books and Cologne are cheesy and tights, and it is contrary to ethics, but there is not much to do to stop him.”

What upsets the painter the most is social truth and financial freedom. “The social media platform and the family that move into cryptocurrency have a serious policy, as well as ethical ramifications,” he said. “These are areas where there is not much regulation, but where there could be pressure to introduce new rules in the future. There are billions of dollars in assets, especially in crypto, and there is a lot of political influence in Washington.”