Donald Trump’s use of his second presidency to grow his personal fortune has alarmed legal and ethics experts and congressional Democrats as he has reaped an “unprecedented” $2.2bn in 2025 revenues by amassing big cryptocurrency holdings, benefiting from wealthy foreign interests, expanding his Truth Social business and more, while federal oversight of his actions has waned.

Trump last year raked in at least $1.4bn from his crypto ventures according to financial disclosure forms he filed in June. Simultaneously, about one million investors in a Trump crypto scheme suffered almost $3.8bn in losses as their volatile crypto holdings tanked in value.

Monetizing his presidency further this summer, Trump’s Truth Social media business is pushing a new scheme that offers wealthy buyers special early access to his posts for a fee of $100,000 a month, which top Democrats and public interest groups say pose serious conflict of interest and corruption issues.

This is some of why at least some Americans probably wish the Iran plot succeeded

  • leadore@lemmy.world
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    54 minutes ago

    And that $2.2B is just what he reported on his taxes–i.e. the technically legal income.

  • Optional@lemmy.world
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    2 hours ago

    I mean . . . Yeah. We know. We’ve been watching it happen every goddamned day.

    Thanks for the reminder Guardian. Maybe you could name and shame a little more? It’s not happening magically. People with names and institutions are doing this corruption, so. Map it out. kthx.

  • lukaro@lemmy.zip
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    2 hours ago

    Wishing tons of non viloent misfurtunes to happen to all republicans.

      • lukaro@lemmy.zip
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        2 hours ago

        I’m talking stuff like having bad diarrhea and a sneezing fit while stuck in traffic. Or forever having one cent less than the purchase they’re trying to make. Getting comfortable in bed starting to drift off to sleep then suddenly having to piss. Every poop is a splasher. That kinda of stuff.

        • AbsolutelyNotAVelociraptor@piefed.social
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          1 hour ago

          And I’m talking about being confused for an inmigrant by ICE and consequently beaten/shot to death. Or involved in a violent arrest by the police and consequently beaten/shot to death, or simply caught in a road rage incident with a fellow republican nazi and consequently beaten/shot to death. That kinda stuff.

          • AbidanYre@lemmy.world
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            2 minutes ago

            Or chased down and eaten by large reptiles? Not that you would know anything about that…

    • LifeInMultipleChoice@lemmy.dbzer0.com
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      2 hours ago

      They believe that everyone does it, and that Trump is just better at it.

      That’s why if you point out something corrupt they point to someone else who the think did something corrupt, instead of saying both should be investigated and punished if actually guilty.

      • danc4498@lemmy.world
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        2 hours ago

        They only trust the news that reports the things they want to hear.

        I think there’s others that think the things he does for the country are good. And they take the good with the bad. Like lowering taxes (even though mostly the rich benefitted from that). Or whatever the fuck DOGE claimed to do. Or brain worm measles you.

  • weps@lemmy.world
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    2 hours ago

    more than a billion in crypto and during the white house Tesla infomercial he said he only uses cheques and doesn’t use crypto

  • SeeMarkFly@lemmy.ml
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    3 hours ago

    Now isn’t that funny? It cost MORE to make a rich person richer than it does to make me rich.

    Go figure.

  • Assassassin@lemmy.dbzer0.com
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    3 hours ago

    And what’s he even going to do with it? Dude is a walking caricature of American diet related health problems, in his 80s. Beyond the fact that so many groups would love to take a shot at him, he’s pretty likely to take himself out within the next few years anyway.

    So what’s the point of getting absurdly rich? You can’t take it with you, and he very obviously only cares about himself, so he isn’t doing it for his family.

    • resipsaloquitur@lemmy.cafe
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      3 hours ago

      My father was a malignant narcissist.

      They do live through their children. Not in any sort of nice, generous way. But they try to clone themselves via their offspring. Look like me, follow in my professional footsteps, have the same opinions about everything.

    • skvlp@feddit.nl
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      3 hours ago

      I think he’s talked about building a dynasty a few times, and that might be part of it. If he is the origin of a dynasty he probably thinks the world will se him as a god or some delulu shit. His interest in building monuments all over Washington also seem to paint a similar picture.