Trump Invests Over $100M in Bonds, Including Those from Qualcomm and Home Depot

President Donald Trump has bought hundreds of bonds since returning to office, totaling at least $103.7M, including municipal bonds and corporate debt from companies such as Qualcomm, Home Depot, and Meta Platforms. This investment is part of Trump's pursuit of wealth accumulation while in office.

President Donald Trump has made headlines for his extensive bond investments since returning to office, totaling at least $103.7 million. This investment spree includes municipal bonds and corporate debt from companies like Qualcomm, Home Depot, and Meta Platforms. The transactions, which began on the day after his inauguration, amount to 690 separate purchases [1].

Trump's bond purchases span municipal bonds issued by local governments, school boards, airport authorities, and gas districts. Additionally, he has bought corporate debt in tranches of at least $500,000 each from companies such as Qualcomm Inc., Home Depot Inc., and T-Mobile US Inc. on February 10. He also purchased at least $250,000 of debt from Meta Platforms Inc. later that month [1].

The report, which all federal elected officials and appointees who trade must submit, does not provide exact amounts or prices. Instead, it gives broad ranges of transactions involving stocks, bonds, commodity futures, and other securities. Notably, Trump has not divested his assets or established a blind trust, which raises concerns about potential conflicts of interest [1].

Unlike his predecessors, Trump continues to manage his sprawling business empire through his sons, which intersects with presidential policy. His investments provide another example of how the president, whose net worth is pegged at $6.4 billion by the Bloomberg Billionaires Index, pursues wealth accumulation while in office [1].

The White House has not immediately responded to requests for comment on the 33-page filing, which was dated August 12 and provided to the Office of Government Ethics [1]. This disclosure highlights a significant departure from past presidents, who have typically divested assets or moved them into blind trusts to mitigate potential conflicts of interest.

In an earlier financial disclosure report spanning his activity in 2024, Trump listed hundreds of bonds held in personal investment accounts separate from his business empire. This includes properties like his Florida resort Mar-a-Lago, his stake in Trump Media & Technology Group Corp., and crypto ventures that have added at least $620 million to his fortune in recent months [1].

Under federal ethics law, presidents are not required to divest assets that may pose conflicts of interest, but they have done so anyway. Trump is the first president to buck this trend since the law was passed in 1978 [1].

References:
[1] https://economictimes.indiatimes.com/markets/bonds/donald-trump-embarks-on-104-million-bond-buying-spree-while-in-office/articleshow/123398324.cms