Trump Buys Over $100 Million in Corporate, Municipal Bonds

Since taking office in January 2025, President Donald Trump has purchased over $100 million in corporate and municipal bonds, according to disclosures from the U.S. Office of Government Ethics. The filings reveal approximately 690 transactions involving bonds from major companies like Citigroup, Morgan Stanley, Wells Fargo, Meta, Qualcomm, Home Depot, T-Mobile, and UnitedHealth Group, as well as debt issued by local governments, school districts, gas and water supply districts, and hospital authorities. These investments span entities that could be directly influenced by federal policies under his administration, raising concerns about potential conflicts of interest as Trump continues to pursue wealth accumulation while serving as president. The bond purchases began the day after his inauguration and have continued steadily, with some investments reaching up to $1 million per transaction. Notably, Trump’s holdings include bonds from major banks at a time when he is considering changes to Federal Reserve leadership, which could affect banking profits and regulations. The White House has not provided comments regarding these financial activities.