Although Donald Trump handed over control of his businesses to his sons, the president still collects on their profits. Here's how Trump's White House is a money-making machine.
In their recent financial disclosure forms, Donald Trump, Ivanka Trump and Jared Kushner reported more than $500 million in income.
That income came from their hotels, golf courses, clubs and merchandise sales. It came from long-established businesses and newly formed ones.
No modern president has profited this way during his time in office.
Predecessors like Ronald Reagan, Bill Clinton and George W. Bush put their assets in blind trusts to avoid conflicts between their financial interests and the public interest. Trump did not.
He announced in January 2017 that he would step away from his businesses by putting his sons Donald Jr. and Eric in charge of them. But he stepped away only from their management, not their profits.
As president, Trump has promoted those businesses with his presence relentlessly. During his first 514 days in office, he visited Trump properties on 159 of them.
At least two American embassies abroad have promoted Mar-a-Lago, the president’s private club, on their websites. A national park in Virginia has offered Trump wine for sale.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Find CNBC News on Facebook: http://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC
Follow CNBC News on Google+: http://cnb.cx/PlusCNBC
Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC
Trump's White House Has Been A Money-Making Machine | CNBC
Trump's White House Has Been A Money-Making Machine | |
| 187,586 views views | 535,121 followers |
| 2,067 Likes | 2,067 Dislikes |
| News & Politics | Upload TimePublished on 2 Jul 2018 |
| vada curry raks, vada curry recipe, vada curry movie, vada curry in tamil, vada curry near me, vada curry jeyashri\u0027s kitchen, vada curry for dosa, vada curry recipe by revathi shanmugam, vada curry calories, vada curry padhuskitchen, vada curry recipe by chef damodaran, vada curry hebbars kitchen, vada curry recipe hebbar\u0027s kitchen, vada curry yummy tummy, vada curry sharmis passions, vada curry recipe hotel style, vada curry kannamma cooks, vada curry recipe by venkatesh bhat, vada curry without frying, vada curry recipe with leftover vada | |
No comments:
Post a Comment