Trump Family Rakes In Billions From Crypto, Real Estate, and Legal

New financial disclosures by President Donald Trump show that he made more than $1.4 billion from his family’s various cryptocurrency ventures last year, reaping a windfall after pulling back on regulation of the industry and promoting the United States as “the crypto capital of the world.” Other Trump businesses, like his resorts and golf courses, have also flourished since his return to the White House, while the Trump Organization has also licensed the family name to properties in countries that are crucial to U.S. foreign policy interests, including Saudi Arabia and Qatar.

“It’s been an incredibly successful period for the Trump family,” says Reuters investigative reporter Tom Bergin.

TRANSCRIPT

This is a rush transcript. Copy may not be in its final form.

NERMEEN SHAIKH: We begin today’s show with the stunning windfall President Trump has made during his first year back in the White House. New filings show that Trump made more than $2.2 billion last year, most of it fueled by cryptocurrency profits, but with a significant rise in profits across his real estate business and other family investments, and his legal settlements with media giants like ABC News, Paramount and Meta. The mandatory financial disclosure report released Tuesday shows Trump made at least $1.4 billion from his family’s cryptocurrency ventures. That includes $635 million for Trump-branded cryptocurrency meme coins and $590 million from the Trump family’s World Liberty Financial crypto business.

AMY GOODMAN: Meanwhile, roughly two-thirds of investors in the president’s meme coin have reportedly lost money as he made a fortune. As the backlash grows over Trump’s windfall profits, including criticism from The Wall Street Journal, the New York Post and Fox News, specifically Trump’s defenders usually, Trump defended how he’s profited from the presidency, while speaking to reporters Wednesday

REPORTER: To critics who say you’re profiting off the presidency, Mr. President?

PRESIDENT DONALD TRUMP: Well, you know why I’m profiting? Because the stock market is going up. Everybody’s profiting. If you have a — you have a 401(k)? How has your 401(k) done? It’s about up 85%. Thank you, President Trump.

NERMEEN SHAIKH: President Trump was speaking to reporters before boarding the new Air Force One, a Boeing 747 jet donated to him by the Qatari royal family, reportedly at a cost of $400 million. Trump plans to keep the jet after leaving office, saying he’ll donate it to his presidential library. Democrats have accused him of…