Why Trump will have an 'expanded, more sprawling business empire' during his second term
Thanks to Trump Media & Technology Group (TMTG), President-elect Donald Trump's net worth greatly increased in 2024. But it also fluctuated, depending on the value of Trump Media stock shares. Forbes, on November 4, estimated his net worth to be roughly $5.6 billion at that point.
How much Trump's net worth will increase or decrease after he returns to the White House on January 20, 2025 remains to be seen.
In an article published by NBC News on December 9, reporter Jane C. Timm emphasizes that Trump, during his second term, will have an "expanded" and "more sprawling" business empire than he did during his first term.
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"While Trump was primarily a real estate developer in his first term," Timm explains, "he has since expanded dramatically into new industries, including social media and cryptocurrency. The presidency has only further raised his profile and drawn Trump, a lifelong salesperson, to more licensing deals. He's also grown his golf courses in Scotland while putting his name on products ranging from NFTs to Bibles to a resort in Oman."
Timm adds, "But Trump and his team have so far provided no details about how — or if — he will separate his business interests from his work as president."
The reporter notes that during his recent interview with NBC News' "Meet the Press," he "declined to say he would divest from" TMTG.
The president-elect told NBC News' Kristen Welker, "Well, I don't know how I can divest. What does that mean? I'm not allowed to open it and use it? I mean, all I do is — I — I don't openly look at the — the company. I'm not even on the board of the company. I didn't want to be on the board. I have other people, and they run it, and they run it very well, because Truth has become a very, very successful platform."
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According to Timm, there are "indications Trump plans to have a more involved role in his businesses" in 2025 "than he did in his first" term.
Jordan Libowitz, vice president for communications for government watchdog group Citizens for Responsibility and Ethics in Washington (CREW), told NBC News, "The scale has changed. Previously, there was one real way you could benefit Trump and that was physically going to one of his properties and spending money there. Now, you have the opportunity to pump millions into his stock, into crypto — and just directly write him a check."
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Read NBC News' full article at this link.
