How Trump capitalized on his return to the White House | EUROtoday
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HASWhen Donald Trump mentioned in 2023 earlier than a courtroom to profit from $ 300 to $ 400 million in liquidity, his private funds had been in actual fact in problem, studies the New York Times This Wednesday after consulting 1000’s of inner paperwork from the Trump Organization filed as a part of a authorized motion introduced in opposition to him for fraud.
When he was within the working for the White House, the fortune of the Republican candidate “was not the fruit of a stable and solid empire” and was even “seriously threatened”, particulars the American newspaper. His steadiness would have even reached $ 52 million in 2018, which is low for an empire like his.
The Trump Tower, certainly one of its buildings positioned in Manhattan, in New York City, didn’t generate sufficient liquidity to reimburse its mortgage, in addition to the declining attendance of its golf programs made their funding tough. The thousands and thousands of {dollars} that his actuality TV reveals introduced him yearly “had almost dried up” and the present judicial affairs in opposition to him (he was notably responsible of 34 expenses within the Stormy Daniels case in May 2024) threatened to engulf what left.
The flight of “$ Trump”
But earlier than the presidential election, Donald Trump and his sons signed a number of partnerships with traders “ready to invest in the victory of the Republican”, particularly within the area of cryptocurrencies. A technique that has been paid since a couple of hours earlier than its inauguration, its “$ Trump” cryptocurrency flew to exceed $ 9 billion in market worth.
After his election, Donald Trump “became both a partner of several cryptocurrency companies and, as president, the main political regulator of cryptocurrency”, notes the New York Timeswhich notes the direct income he has obtained because of new agreements signed by the household enterprise throughout “he made political decisions affecting these industries or involving countries in which the United States had political interests”.
In quick, in view of the state of its funds in recent times, it will appear that Donald Trump’s newest partnerships and investments are extra mirrored “an urgent need for easy money to keep his empire in place”.
https://www.lepoint.fr/monde/comment-trump-a-capitalise-sur-son-retour-a-la-maison-blanche-02-07-2025-2593552_24.php