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He probably wouldn't have had to do it, but it's an obligation that all candidates for the White House must follow. Donald Trump had to declare his assets to the U.S. Office of Government Ethics, which then scrutinizes documents filed by politicians and senior officials to spot potential risks of fraud or conflicts of interest.
A 265-page document filed by a Republican candidate was recently made public, providing an opportunity for us to take a closer look at his financial investments in the cryptocurrency and technology sector, which is of particular interest to us.
Truth Social, a potential cash machine
Donald Trump reported that Trump Media & Technology Group, the publicly traded company that oversees his Truth Social Services business, had assets of $2.7 billion, roughly half of the company's net worth of $5.3 billion at the time of filing.
But that figure is misleading: Entrepreneurs' shares have lockup periods, he says. BloombergThis period won't be lifted until September, and as of the time of writing the company's share price has actually fallen, so the amount quoted is likely no longer relevant.
NFTs and Ethereum
The billionaire heads CIC Digital LLC, a company that sells NFTs bearing the former president's likeness, from which he has pocketed $7.2 million, and he also has a cryptocurrency portfolio that includes at least $1 million worth of Ethereum.
In this context, it is quite understandable why the businessman suddenly became interested in cryptocurrencies: investors in this sector were not wrong, some of them even supported him, they do not rate very highly the Democratic Party's regulatory tendencies in this area.
Donald Trump's Stock Market Investments
Our Colleagues Les Echos He also noted that the Republican candidate has relatively small investments — less than $15,000 — in 850 U.S. stocks.
His particular focus is on Tesla (less than $100,000), which Elon Musk, his presidential backer, was forced to accept. Donald Trump also has investments in some of the flagship companies of the tech industry, including Alphabet (Google), Apple, and Nvidia. He has also set his sights on large, highly profitable companies, including Coca-Cola, Walt Disney, and McDonald's.
Is Donald Trump a stingy person?
His personal fortune is estimated at $4.4 billion. ForbesThe businessman should have plenty of money to invest in his presidential campaign, but he refuses to dip into his own pocket, preferring to rely on fundraising: as of August 16, he has already raised $635 million since announcing his candidacy.
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