US President Trump's Financial Disclosures Reveal $155 Million Bond Purchases Amid Accusations of Conflicts of Interest

US President Donald Trump has purchased over $155 million in bonds since his inauguration in January, including corporate bonds in banks and companies such as Citigroup, Morgan Stanley, and Home Depot. The purchases cover areas that could benefit from US policy shifts under his administration. Trump's financial disclosures also show he earned over $600 million in income in 2024, with income from various sources still accruing to him despite having put his companies into a trust.

US President Donald Trump has purchased over $155 million in bonds since his inauguration in January, according to recent disclosures. The purchases include corporate bonds in banks and companies such as Citigroup, Morgan Stanley, and Home Depot, and cover areas that could benefit from US policy shifts under his administration [1].

The disclosures, filed with the Office of Government Ethics, show that Trump bought corporate debt in tranches of at least $500,000 each from Qualcomm (NASDAQ:QCOM), Home Depot (NYSE:HD), UnitedHealth (NYSE:UNH), and T-Mobile (NASDAQ:TMUS) in February. He also bought at least $250,000 of debt from Meta (NASDAQ:META) in February [1]. Additionally, Trump has purchased various municipal bonds issued by local governments, airport authorities, gas districts, and school boards [1].

Trump's financial disclosures also show that he earned over $600 million in income in 2024, with income from various sources still accruing to him despite having put his companies into a trust [2]. His annual disclosure form filed in June showed that his income from various sources still ultimately accrues to the president, opening him up to accusations of conflicts of interest [2].

The White House did not immediately respond to a request for comment regarding these purchases. However, Trump has stated that he has put his companies into a trust managed by his children [2].

In another development, the Trump administration is discussing the possibility of converting part or all of the funding from the CHIPS and Science Act into equity, in order to hold approximately 10% of Intel's shares [3]. This move could make the government its largest shareholder and align with the recent trend of increasing U.S. government intervention in strategic industries. The Trump administration's team had previously brokered a deal requiring a 15% share of revenues from certain semiconductor sales to China and secured a "golden share" in the transaction that resulted in the sale of U.S. Steel Corp. to a Japanese competitor [3].

References:

[1] Win McNamee/Getty Images News President Donald Trump has bought hundreds of bonds since he took office in January, worth at least $103.7M in total, according to disclosures filed with the Office of Government Ethics. [https://seekingalpha.com/news/4487280-trump-bond-purchases](https://seekingalpha.com/news/4487280-trump-bond-purchases)

[2] WASHINGTON (Reuters) -U.S. President Donald Trump has bought more than $100 million in company, state and municipal bonds since taking office in January, according to new disclosures which shed further light on the vast holdings of America’s billionaire president. [https://www.yahoo.com/news/articles/trump-buys-more-100-million-140450574.html](https://www.yahoo.com/news/articles/trump-buys-more-100-million-140450574.html)

[3] The Trump administration is considering acquiring a 10% stake in Intel. [https://news.futunn.com/en/post/60769538/the-trump-administration-is-considering-acquiring-a-10-stake-in](https://news.futunn.com/en/post/60769538/the-trump-administration-is-considering-acquiring-a-10-stake-in)