WASHINGTON — Former President Donald Trump, who once declared himself the “most successful candidate of all time,” has seen his family’s wealth more than double since launching his 2024 reelection campaign, reaching an estimated $5.4 billion. His financial ascent—driven by global real estate deals, a volatile social media venture, and a lucrative crypto gamble—has raised ethical questions about the intersection of political power and private profit.
No modern U.S. president has amassed such wealth while in office. The Trump Organization’s strategy remains consistent: monetizing the family name. Yet, amid political turmoil, his business dealings have drawn less scrutiny than in past administrations.
The Business of Politics
Since returning to the campaign trail, Trump has imposed tariffs, rolled back regulations, and hinted at unconstitutional third-term ambitions—all while his family’s empire expanded. Key oversight agencies were downsized, and Trump relaxed restrictions on overseas deals, enabling partnerships with governments in Oman, Saudi Arabia, and Vietnam.
A White House spokesperson defended Trump’s transparency, stating he “surrendered his multibillion-dollar empire to serve the country.” But critics argue his financial disclosures reveal a presidency deeply entangled with private gain.
Global Real Estate Boom
The Trump Organization’s foreign projects, often tied to U.S. allies, have surged:
Trump International Oman ($500M) – A luxury hotel and golf complex developed with Oman’s state tourism group, marketed as a “power move” for investors.
Trump Tower Jeddah533M)–ASaudiskyscraperofferingresidencyfor1M buyers, applauded by Eric Trump.
Dubai Trump Tower ($544M) – Announced the same day Trump accepted the GOP nomination, promising “new luxury benchmarks.”
Qatar Golf Club ($3B) – A deal with Qatar’s sovereign wealth fund, despite Trump’s past accusations of the country funding terrorism.
Crypto Windfall and Domestic Gains
Trump’s once-skeptical stance on cryptocurrency reversed dramatically. A single meme-coin investment yielded over $500M, while his Truth Social platform, despite losses, was valued in the billions. Domestically, his Florida properties thrived:
Trump National Doral ($3B expansion) – Approved for a 20-story tower after LIV Golf partnered with the resort.
Mar-a-Lago – Membership fees jumped to $1M, solidifying its status as a hub for wealthy allies.
Legal Shadows and Unanswered Questions
Trump’s wealth surge contrasts with legal woes: a $454M civil fraud penalty, a criminal conviction for falsifying records (both under appeal), and ongoing scrutiny over foreign deals. His sons, Donald Jr. and Eric, now helm the empire, insisting their business pursuits are separate from politics.
“Expecting me to quit investing because my father’s president is absurd,” Donald Jr. said in a statement.
Yet, as Trump’s net worth climbs, so do concerns about presidential profiteering—a issue overshadowed, but not resolved, by America’s polarized politics.
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- Nasdaq-listed company BTCS added 8.4 million Ether to the company’s liquidity pool
- Hong Kong has passed a stablecoin bill to establish a licensing system in response to global competition
