Trump Defends Investment Gains After White House Return
SingTao · 1 SOURCES1 day ago2 MIN
Summary
Donald Trump has defended himself after fresh scrutiny over how much he earned in his first year back in the White House, saying his investment activity was intended to benefit the United States rather than himself. On Monday, September 7, he wrote on Truth Social that he had made hundreds of billions of dollars for America through US stocks and other American assets, while complaining about attacks from Democrats . The controversy follows a newly disclosed filing showing he earned US$2.24 billion, or about HK$17.5 billion, in that first year back in office . Much of the attention has focused on the rapid growth of his holdings in stocks and bonds after large crypto-related income was redirected into more traditional assets .
Key Points
- Trump said on Truth Social on Monday, September 7, that he was investing for the country and “not for myself” amid Democratic criticism .
- His latest public financial disclosure showed earnings of US$2.24 billion, equivalent to about HK$17.5 billion, in his first year after returning to the White House .
- The filing said more than US$1.4 billion came from family crypto businesses, including World Liberty Financial and the Trump Meme Coin .
- An asset management team shifted a substantial share of those crypto proceeds into lower-risk traditional assets such as stocks and bonds .
- Analysis of Trump’s financial data over the past two years found his stock and bond investments expanded by at least four times .
Why It Matters
For Hong Kong readers, the dispute underscores how closely politics, crypto wealth and traditional financial markets can intersect at the top of US power . It also matters because shifts by a US president into American stocks and bonds can draw attention from global investors, including those in Hong Kong who track US asset prices and policy signals closely .