The Trump Family's Money-Making Machine

Bloomberg

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00:00No modern American president has put his family in a better position to make money while in

00:04the White House than Donald Trump.

00:06The multi-billion dollar deal between Trump, the government of Oman, and a Saudi firm will

00:10develop a luxury complex.

00:12Trump businesses and ventures are making deals around the world that are enriching his family.

00:17So here are some of the Trump family crypto investments, real estate projects, and business

00:21ventures that have emerged since its 2024 campaign began.

00:25Starting with crypto, the thing Trump once said just seems like a scam.

00:29Early in his campaign, Trump began dabbling in crypto with NFTs that depicted him as

00:34a spaceman, cowboy, and a race car driver.

00:37Then weeks before the election, the family began promoting World Liberty Financial, an

00:41even bigger platform for its crypto ambitions.

00:44On his inauguration weekend, Trump announced a meme coin, Trump.

00:48And just before his 100th day in office, he announced a private dinner for its top holders,

00:52kicking off a buying spree.

00:54Then there's the Eric Trump-backed crypto mining venture, American Bitcoin, which announced

00:58plans to go public this year.

01:00Since January, the Trump administration has eased off crypto regulation, looking to turn

01:04this country into what he calls the crypto capital of the world.

01:07Trump has handed over his business to his family, and his return to the White House has

01:11coincided with a spree of projects around the world.

01:14Since he announced his bid for re-election, we've tallied more than a half dozen new real

01:18estate deals.

01:19Many are based in the Middle East, and some have connections to arms of foreign governments.

01:23That's testing the limits of the Trump pledge not to do new deals with other regimes.

01:27Take this Trump international development.

01:29The project has an estimated value of $500 million and partners with an arm of the government

01:34of Oman.

01:35On the same day that Trump accepted the Republican Party's nomination, his company announced

01:40a new development, a Trump Tower in Dubai, where investors who put down two million dirhams

01:44may be able to get a golden visa.

01:46Companies have been adding the Trump sons as advisers and executives since November's election.

01:51Less than a week after his father won the White House, Donald Trump Jr. became a partner

01:55at 1789 Capital.

01:57The venture capital firm monetizes President Trump's vision for U.S. culture by taking

02:01stakes in companies with a MAGA ban.

02:03Eric Trump overlaps with his brother on some things while flying solo on others, including

02:08a hotelier-turned-Bitcoin-stockpiler called Metaplanet.

02:12But the company that makes up the majority of the president's wealth is the Trump Media

02:15and Technology Group, which went public only last year.

02:18You might know it as the parent company of a social media platform, Truth Social.

02:22According to the Bloomberg Billionaire Index, Trump's multi-billion dollar stake in it,

02:26now in a trust, is his most valuable business asset.

02:29In any other era, this scale of presidential money-making might be the story of the year.

02:34But from blaming Ukraine for its invasion by Russia to deporting immigrants to a foreign

02:38prison, political turmoil has captured much of the attention.

02:41A White House spokesperson told us Donald Trump has been the most transparent president in history,

02:45will continue to disclose financial holdings and sacrifice greatly by stepping away from

02:49his empire to serve the country.

02:50errors, to deliver money.

02:55Lookイ aspects of the dollar for

03:09cars being sold.

03:10We love.

03:11What do you word?

03:12Now, let's have a blast.

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