Trump insists he doesn’t ‘get involved’ with his investments despite profiting more than $1B

PoliticsBusiness & Finance
2 Jul 2026 • 12:39 AM MYT
The Independent
The Independent

The world’s most free-thinking newspaper

Trump insists he doesn’t ‘get involved’ with his investments despite profiting more than $1B

  • President Donald Trump on Wednesday claimed he had nothing to do with the billion-dollar windfall reported on his financial disclosures, insisting it all comes from the work of unnamed financial advisers rather than his deliberate efforts to profit from the presidency.
  • Taking questions from reporters traveling with him to North Dakota, and with his sons Don Jr. and Eric standing a few yards behind him, Trump maintained that he doesn’t “get involved” in his own personal finances because he has “funds that run my money well.”
  • Contrary to his claims, Trump never placed his assets in a blind trust, with his business holdings remaining under his and his children's control.
  • Financial disclosures reveal Trump earned over $1 billion from two cryptocurrency businesses, surpassing his property portfolio income.
  • This significant profit is linked to Trump's actions as president, including reversing a tough stance on crypto and pushing industry-friendly policies after receiving campaign contributions.

IN FULL

Newswav Malaysia Best News App

Newswav is an online content aggregator and obtains its content from different online sources. The content in the app do not belong to Newswav nor do they reflect the opinions of Newswav and its staff. Your use of this app indicates your understanding and acceptance of this information.

Newswav Sdn. Bhd. (201701008480 (1222645-M)) 2026 All Rights Reserved