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cliffside

(1,866 posts)
2. Trump's Moneymaking Run: Unrivaled in Presidential History
Tue Jun 30, 2026, 10:30 PM
12 hrs ago

Full article

https://www.nytimes.com/2026/06/30/us/politics/trump-moneymaking-presidential-history.html?unlocked_article_code=1.uVA.rwTT.yshIcAQheaL2&smid=url-share


".... “Public office, if anything, was a source of debt, not a source of revenue,” said Lindsay M. Chervinsky, a historian and the executive director of the George Washington Presidential Library at Mount Vernon.

Mr. Trump and his family have done the opposite, creating new business ventures that are profiting from actions Mr. Trump has taken since he returned to the White House.

Those include the pardon Mr. Trump issued in October to Changpeng Zhao, the richest man in crypto, who founded the company Binance, which has been a critical business partner to the Trump family’s own crypto venture. They also include legislation that Mr. Trump signed last July to promote a form of cryptocurrency called stablecoins, four months after his family-backed firm introduced its own stablecoin.


Presidential historians said they could identify no other president in American history who entered into new business enterprises just before moving into the White House, and then continued to personally profit from them during his term..."

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