Trump Family Earns Nearly $2 Billion in the Last Month – The New York Times

Donald Trump is the Person of the Year according to the Financial Times

The family of US President Donald Trump has earned at least $2 billion over the past month from projects that include real estate, cryptocurrency, and a private club to be opened in Washington, D.C., with a $500,000 membership fee, according to The New York Times.

Cryptocurrency

$TRUMP is a Trump family cryptocurrency owned by Donald Trump and managed by his son, Donald Trump Jr. It has no intrinsic value other than what people are willing to pay for it – the family calls it a collector’s item, like a baseball card. However, the family receives a share whenever someone buys the coin (currently worth about $13).

Trump recently announced an award: The 220 customers who spent the most were invited to have dinner with him at his golf club in Virginia. The 25 most generous customers will also receive a tour of the White House.

The winners of the competition together spent at least $174 million on the purchase of $TRUMP coins.

Trump Family Earns Nearly Billion in the Last Month - The New York Times

It is also noted that the United Arab Emirates has invested $2 billion in the Trump family’s new cryptocurrency company, World Liberty Financial, through an investment firm. The company, whose leaders include Eric Trump and Donald Trump Jr., will receive millions of dollars yearly from these investments.

Real Estate

Qatar has joined the financing of a $5 billion project to build a Trump-branded beach golf club and luxury villa. However, it is not known how much Qatar contributed. The Trump family will earn millions in licensing and management fees.

A Saudi real estate firm with close government ties has invested $1 billion in the Trump International Hotel and Tower project in Dubai. The same company plans to build other new Trump hotels, golf courses, and luxury towers in Saudi Arabia and Oman. These branding deals will bring the Trumps millions of dollars for their name.

During the Balkan wars, NATO air strikes damaged the Yugoslavian Ministry of Defense building in Belgrade. Today, the site is leased to a private investor, Jared Kushner, Donald Trump’s son-in-law. He plans to build a Trump-branded hotel on the site. The $1 billion project is partially financed through Kushner’s investment company, which is backed by funds from the Middle East.

Other projects

  • Airplane. Qatar plans to give the president a $400 million Boeing 747 jet to use as a temporary “Air Force One.” According to Trump, the plane will be transferred to his presidential library after the presidency.
  • A private club. Donald Trump Jr. and other investors say they will open a private Executive Branch club in Georgetown this summer. Its members will include lobbyists, tech industry figures, and several White House officials, such as David Sachs, Trump’s crypto czar. The entrance fee is $500,000.
  • Golf. LIV Golf League tournament at Trump National Doral in Florida. The Trump family received an undisclosed fee for hosting the competition. The event also attracted thousands of fans to the hotel resort, which sold out.
  • Hotels. During Trump’s first term, high-ranking officials stayed at his hotels, and Republicans held events there. The total amount of such payments reached tens of millions of dollars. Now, these payments have resumed. For example, organizations such as the Republican National Committee are again holding events at the Doral Resort and the Mar-a-Lago Club.

The New York Times noted that the revenue estimate is approximate. However, it gives an accurate picture of the president and his family’s business interests.