Trump Family's Billions Pocketed Off the Presidency, New Yorker Investigation Reveals

Investigating Trump Family's Presidential Profits

• 🎯 The New Yorker investigation by David D. Kirkpatrick aims to quantify the money Trump and his family have profited from his time in the White House.
• 💡 The core question is how much money Trump is pocketing off the presidency, with an estimated $3.4 billion in profits identified.
• 🔍 The methodology focused on income streams directly attributable to his presidency, excluding standard business operations.

Diverse Income Streams from the Presidency

• 💰 Profits from various ventures, including over $2.3 billion from cryptocurrency, are highlighted.
• 🤝 Payments and gifts, such as a $2 billion investment from Saudi Arabia and a luxury jet from Qatar, were received.
• 🛍️ Even small items like MAGA merchandise sold through the Trump Organization's private store generated millions, distinct from campaign funds.

Cryptocurrency Ventures Detailed

• 🪙 The family has leveraged cryptocurrency through NFTs (digital cartoons of himself) and setting up companies like World Liberty Financial.
• 📈 World Liberty Financial raised funds by selling tokens and a stablecoin, with the Trump Organization receiving a significant percentage of the proceeds.
• 🚀 The Trump Media and Technology Group (Truth Social) has also engaged in financial engineering, selling stock at inflated prices to buy Bitcoin and stockpile cash.

Foreign Investments and Family Business

• 🌍 Jared Kushner's private equity firm secured substantial investments, including $2 billion from Saudi Arabia's Public Investment Fund, despite initial advisory concerns.
• 💼 These foreign investments, primarily from Gulf nations, are counted as profits flowing to the Trump family due to their White House tenure.
• ⚖️ While the activities appear legal, the scale and timing raise unprecedented questions about conflicts of interest for a president.

Unprecedented Scale and Urgency

• 🚀 The Trump family has shown a remarkable speed and eagerness to capitalize on opportunities, turning down none.
• ⚠️ This zealous pursuit of profit while in office sharpens questions about what buyers might be receiving in return for their investments, highlighting the novel nature of these financial dealings.