Those were all before he became POTUS. Everything he has done since then has been using every single bit of power he has to funnel money to his family and friends, which then goes back to him. You don't think he's getting a kickback on all those insider stock trades on oil futures that suspiciously happened right before going into Venezuela and also happened right before going into Iran?
You are right that he probably doesn't have that much money in the bank, because it is all distributed around to insiders who will give it back to him.
He just sued himself as president and then settled the case for a $230 million payout over the classified document investigation. He's also suing himself again for $10 billion over his tax returns getting leaked.
Donald Trump, the private citizen, is suing the United States Government - of which he is currently the chief executive of. Since he has the authority to direct the justice department and court settlements are paid out of taxpayer income, he can direct the attorney general to "settle" with the plaintiff (himself) and have that settlement money get funneled directly into his private bank account.
It's a scam that, if it had been performed by any other president in the history of the nation, would have been a scandal that dwarfs Watergate and led to an immediate bipartisan effort to impeach and remove the president for blatant corruption.
But since it's Trump, this is just expected of him, I guess...
Trump has made over a billion dollars his first year in office this term. It’s amazing how much money you can hoard when taxpayers give it to you, businesses pay you homage, business deals just fall into your lap, and you use the government lawyers and taxpayer money to defend yourself from suits.
One issue with Trump is that we don't really know much about his finances. In particular, he crows about assets but never talks about debt. He's probably leveraged to his scalp-reduction scar.
I'd say all of his bankruptcies were used as tax write offs ...
Also, it wouldn't surprise me at all if this whole trump media thing was constructed from the start as an impending bankruptcy...
I could see a future where the smoldering remains of truth social is bought up for pocket change in bankrupcty by The Onion, and gets rebranded as an online museum of trump's lifetime of failures. The irony is that only in the end would the meaning of "truth" in its name actually be accurate.
Trump feeling nostalgic ... hoping for a bankruptcy, perhaps? It's not like he doesn't have more money coming in from other sources. Pardon Bribes, his Board of Pus, weapons sales ...
39 Comments
BrianTheeBiscuiteer@lemmy.world · 70 pts · 118d
He's made billions on other grifts so I'm sure he doesn't care.
frongt@lemmy.zip · 19 pts · 118d
Has he really though? He's bankrupted Trump casino, Trump steaks, Trump University... I'd be shocked if he really had all that much money in the bank.
dogslayeggs@lemmy.world · 28 pts · 118d
Those were all before he became POTUS. Everything he has done since then has been using every single bit of power he has to funnel money to his family and friends, which then goes back to him. You don't think he's getting a kickback on all those insider stock trades on oil futures that suspiciously happened right before going into Venezuela and also happened right before going into Iran?
You are right that he probably doesn't have that much money in the bank, because it is all distributed around to insiders who will give it back to him.
CmdrShepard49@sh.itjust.works · 24 pts · 118d
He just sued himself as president and then settled the case for a $230 million payout over the classified document investigation. He's also suing himself again for $10 billion over his tax returns getting leaked.
grrgyle@slrpnk.net · 2 pts · 117d
He what?
Furbag@lemmy.world · 24 pts · 117d
Donald Trump, the private citizen, is suing the United States Government - of which he is currently the chief executive of. Since he has the authority to direct the justice department and court settlements are paid out of taxpayer income, he can direct the attorney general to "settle" with the plaintiff (himself) and have that settlement money get funneled directly into his private bank account.
It's a scam that, if it had been performed by any other president in the history of the nation, would have been a scandal that dwarfs Watergate and led to an immediate bipartisan effort to impeach and remove the president for blatant corruption.
But since it's Trump, this is just expected of him, I guess...
EmpathicVagrant@lemmy.world · 8 pts · 117d
You can apply that last bit to about any headline in the last 12 years
grrgyle@slrpnk.net · 5 pts · 116d
Christ almighty
corsicanguppy@lemmy.ca · 16 pts · 118d
You see how HE doesn't lose, even when the corp dies?
RememberTheApollo_@lemmy.world · 15 pts · 117d
Trump has made over a billion dollars his first year in office this term. It’s amazing how much money you can hoard when taxpayers give it to you, businesses pay you homage, business deals just fall into your lap, and you use the government lawyers and taxpayer money to defend yourself from suits.
Mrkawfee@lemmy.world · 6 pts · 117d
Don't forget the oodles of insider trading!
porcoesphino@mander.xyz · 9 pts · 118d
Over a billion (maybe four) in his first year of his second term for him and his family:
https://www.nytimes.com/interactive/2026/01/20/opinion/editorials/trump-wealth-crypto-graft.html
https://www.npr.org/2026/01/14/nx-s1-5677024/trump-profits-merch-hotels-crypto
It's tough to tease out exactly how much and exactly who it goes to
phutatorius@lemmy.zip · 4 pts · 116d
One issue with Trump is that we don't really know much about his finances. In particular, he crows about assets but never talks about debt. He's probably leveraged to his scalp-reduction scar.
Knock_Knock_Lemmy_In@lemmy.world · 2 pts · 116d
Leveraged to Russian banks.
null@lemmy.org · 11 pts · 118d
They always got a side grift running.
dhork@lemmy.world · 33 pts · 118d
Don't have a cow, Devin
homesweethomeMrL@lemmy.world · 3 pts · 118d
Bam! That’s what i’m talkin about.
MagicShel@lemmy.zip · 25 pts · 118d
Everyone knows truth social is going to be worthless by January.
Seaguy05@lemmy.world · 27 pts · 118d
I bet this is more of a tax scheme to use that loss as a tax deduction because that family is a total turd pile.
Corvidae@lemmy.world · 8 pts · 118d
"Tax scheme" explains why Nunes is moving to "Chairman of the President's Intelligence Advisory Board".
Dragomus@lemmy.world · 6 pts · 118d
I'd say all of his bankruptcies were used as tax write offs ...
Also, it wouldn't surprise me at all if this whole trump media thing was constructed from the start as an impending bankruptcy...
forrgott@lemmy.zip · 5 pts · 118d
I can't see it any other way. You're talking about a jackass that would rather embezzle a casino into the ground than just enjoy guaranteed profits.
partial_accumen@lemmy.world · 11 pts · 118d
I could see a future where the smoldering remains of truth social is bought up for pocket change in bankrupcty by The Onion, and gets rebranded as an online museum of trump's lifetime of failures. The irony is that only in the end would the meaning of "truth" in its name actually be accurate.
bedwyr@piefed.ca · 2 pts · 118d
That is unless the gangster King here trades a favor for some billionaire to keep it afloat.
cybervseas@lemmy.world · 18 pts · 118d
Oh Lordy I forgot about Devin Nunes.
homesweethomeMrL@lemmy.world · 6 pts · 118d
I know, it was nice wasn’t it
humanspiral@lemmy.ca · 14 pts · 117d
over $1.1B in losses since 2024 IPO. Stock down 90% since the hype.
Uranus_Hz@lemmy.zip · 8 pts · 117d
That’s a lot of money to waste on trumps blog.
Eric@lemmy.blahaj.zone · 7 pts · 118d
That is less revenue than your average McDonald's location
melsaskca@lemmy.ca · 4 pts · 116d
I was smart. I learned my lesson about trump back in the day when I went all in on "trump Steaks" and lost my shirt.
phutatorius@lemmy.zip · 4 pts · 116d
The ship must really be sinking for that rat to abandon it.
finallymadeanaccount@lemmy.world · 4 pts · 116d
Trump feeling nostalgic ... hoping for a bankruptcy, perhaps? It's not like he doesn't have more money coming in from other sources. Pardon Bribes, his Board of Pus, weapons sales ...
TrollTrollrolllol@lemmy.world · 3 pts · 116d
Don't forget the bullshit DOJ settlements paid for by our tax dollars.
Bieren@lemmy.today · 3 pts · 116d
So much winning.
santa@sh.itjust.works · 2 pts · 118d
Lol. Suck it. It’s like a ship with no floor!
newthrowaway20@lemmy.world · 6 pts · 118d
Don't get too excited. Knowing these fuckin guys, they planned to tank the company to write off their other ill-gotten gains.
9488fcea02a9@sh.itjust.works · 2 pts · 116d
You dont even know what a write off is....
https://youtu.be/BAjxn2US7J8?is=ByDE5KWtdXZSYtTe
newthrowaway20@lemmy.world · 1 pts · 116d
this_1_is_mine@lemmy.ml · 2 pts · 118d
It's all a grift!
Err I mean it's all a gift.