Latest news with #TheTrumpOrganization
Metro
an hour ago
- Entertainment
- Metro
Donald Trump launches new Victory 47 fragrance so you can smell like a 'patriot'
Would you like to smell like a man who leads with 'strength, confidence, and purpose' while celebrating resilience and success? Pump yourself with a cloud of Victory 47, then, the new perfume being hawked by Donald Trump, which also has a version for women. The extortionately priced cologne (at $249 for a 100ml bottle, it costs more than Dior Sauvage or Chanel No 5) is not even the first scent he has released since being elected. He released a bottle called 'Fight Fight Fight' in time for Christmas, which referred to his assassination attempt on the campaign trail. This 'rallying cry in a bottle' was said to be for 'Patriots Who Never Back Down'. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video An earlier version of Victory was also released in late 2024, and has now been relaunched as Victory 47 to refer to his comeback after being the 45th US president but not the 46th. The bottles come with a golden statue of the man himself, so you can have a nice little memento of him watching over from your bedside table. While Trump must be cashing in on this enough to make it worth his while, it has unsurprisingly not gone down well with political opponents who see it as a cynical move to profit from the presidency. Some pointed out that Jimmy Carter took the complete opposite approach when he took office in 1977, placing his peanut farm into trust so there could be no accusation of a conflict of interest. Trump, however, is making money from a huge array of products ranging from his golf courses and hotels to branded watches, guitars, Bibles, and cryptocurrency. In a video ad prompoting previous versions of the scents, he said: 'Get yourself a bottle and don't forget to grab one for your loved ones too. 'They'll thank you, and they'll even smell good! Enjoy, have fun, keep on winning, and Merry Christmas.' A disclaimer in tiny writing at the bottle of the page says 'Trump Fragrances are not designed, manufactured, distributed or sold by Donald J. Trump, The Trump Organization or any of their respective affiliates or principals. 45Footwear, LLC uses the Trump name, image and likeness under a license agreement which may be terminated or revoked according to its terms. ' is not political and has nothing to do with any political campaign.' But this was not enough to dissaude detractors from saying the sale of Trump fragrance was unethical. More Trending The Republicans Against Trump campaign group wrote on X: 'From crypto scams to shady real estate deals, Trump phones, and cologne. He's never stopped using the presidency to enrich himself and his family. Go ahead, MAGA. Try defending this blatant corruption.' Meanwhile, reviews of the fragrances themselves were not stellar either – though how many reviewers actually bought the perfume, rather than being there for political motivations, is up for debate. One Fragrantica review said: 'A big beautiful bouquet of dollar bills. The biggest bouquet. Nobody does bouquet like this does. They say that this is liquid gold. I didn't say that, everyone else says it, and they can't all be wrong.' Get in touch with our news team by emailing us at webnews@ For more stories like this, check our news page. MORE: Donald Trump's new 'Victory' fragrance needs to come with a warning label MORE: Trump says he will 'look' at deporting Musk and 'might have to put DOGE on' him MORE: Donald Trump caught wearing glasses and reading paper in presidential motorcade
Newsweek
a day ago
- Business
- Newsweek
Donald Trump's Properties Are Doing Better Than Ever
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. With the indirect sway of the presidency behind it, Donald Trump's real estate business is seeing greater success than ever during his second term. The Trump Organization, managed by his two eldest sons, was able to pay off its remaining debts on 40 Wall Street, the 932-foot-tall skyscraper commonly referred to as The Trump Building, as reported last month by Reuters. As the outlet noted, the ability to repay the estimated $114 million balance, despite the building's long-running issues with occupancy, underscores "how the business' fortunes have improved since Trump's re-election last year." A financial disclosure released in mid-June revealed that Trump was far from struggling prior to his second term, reporting more than $600 million in income—boosted by cryptocurrency ventures and royalties from Trump-branded products—and listed assets in excess of $1.6 billion. The filing did not specify the reporting period. Reuters said that details suggested it likely covered the 2024 calendar year. But it is the success of his businesses since reelection and inauguration that have raised questions from lawmakers and ethics watchdogs, who allege that this represents at best an appearance of impropriety and at worst an avenue for foreign influence over the executive branch and government policy. The sun sets on the Trump International Hotel Las Vegas on March 12, 2025, in Las Vegas, Nevada. The sun sets on the Trump International Hotel Las Vegas on March 12, 2025, in Las Vegas, Nevada."Trump's second term has zero guardrails separating the Oval Office from Trump's board room," said Scott Amey, general counsel for the Project on Government Oversight (POGO), a nonpartisan watchdog based in Washington. Amey cited the new hotels and resorts on which The Trump Organization has broken ground since his victory in November. Many of the projects are international, with deals struck for luxury resorts in Qatar, skyscrapers in Saudi Arabia and several Trump-branded office projects and residential buildings in India. The watchdog Citizens for Responsibility and Ethics in Washington (CREW) calculated that The Trump Organization will have completed or embarked on at least 30 projects abroad by the time Trump's second term ends, covering more than a dozen countries and potentially yielding billions for the organization and the president's family. In May, Bloomberg estimated that since the start of his 2024 reelection campaign, the Trump brand has driven more than $10 billion in real estate projects worldwide while doubling the president's personal net worth to more than $5 billion. Eric Trump, son of U.S. President Donald Trump, speaks during the groundbreaking ceremony for the Trump International, Hung Yen resort and golf course project in Hung Yen province, China, on May 21, 2025. Eric Trump, son of U.S. President Donald Trump, speaks during the groundbreaking ceremony for the Trump International, Hung Yen resort and golf course project in Hung Yen province, China, on May 21, 2025. STR/AFP via Getty Images The success has drawn scrutiny, with many raising concerns about the potential conflicts of interest that arise when a sitting official's private enterprises appear to benefit directly from his public office. "Trump's willingness to use the presidency toward his self-enrichment—from peddling his own meme coin to selling access through glitzy dinners and accepting luxury aircraft from foreign nations—has diminished the office and will become a weak, golden pillar of his presidential legacy," said Mark Updegrove, presidential historian and author of Make Your Mark: Lessons in Character from Seven Presidents. Richard Painter, a former chief White House ethics lawyer under George W. Bush, told Newsweek that "the scale of the president's financial conflicts of interest is much greater in his second term." Painter, who was involved in a 2017 lawsuit against Trump for alleged violations of the U.S. Constitution's Foreign Emoluments clause, cited the president's entry into the crypto space as an especially concerning development in his second term. "The President is working to secure GOOD deals for the American people, not for himself," White House Deputy Press Secretary Anna Kelly told Newsweek. "President Trump only acts in the best interests of the American public – which is why they overwhelmingly re-elected him to this office, despite years of lies and false accusations against him and his businesses from the fake news media." "President Trump's assets are in a trust managed by his children. There are no conflicts of interest," she added. Eric Trump, executive vice president of The Trump Organization and the U.S. president's son, attends a signing ceremony with Qatar's Diar and Dar Global in Doha on April 30, 2025. Eric Trump, executive vice president of The Trump Organization and the U.S. president's son, attends a signing ceremony with Qatar's Diar and Dar Global in Doha on April 30, 2025. Karim Jaafar/AFP via Getty Images Prior to Trump taking office in January, The Trump Organization voluntarily released a white paper outlining how the president would draw a separation between his public office and private businesses to allay some of the fears. It said that Trump would surrender any involvement in his real estate empire during his second term and that the company will "not enter into any new material transactions or contracts with a foreign government," with the exception of those "necessary for the normal and ordinary operations of the company's businesses." In May, White House Press Secretary Karoline Leavitt said it was "absurd for anyone to insinuate that this president is profiting off of the presidency." White House Communications Director Steven Cheung previously told Newsweek that "everything "President Trump does is to benefit the American people," while praising Trump for giving up "a life as one of the most successful businessmen in the world and a wildly successful media mogul." However, experts who spoke to Newsweek said that, far from surrendering the more lucrative opportunities in the private sphere, Trump's return to office has buoyed his family's business and set up the president for a financially comfortable transition once his second term ends. "He saw what happened when the Clintons left office, and he is cashing in now," Amey said. "Unfortunately, senior leaders who called out the Bidens are now sitting silent when all of Trump's business deals are likely steering domestic and foreign policy, national security affairs and regulations in a way that favors his business endeavors."
The Citizen
17-06-2025
- Business
- The Citizen
Trump launches new gold smartphone ‘made entirely in US'
The Trump Organisation claims the new gold smartphone is built entirely in the United States. What do you think of the new Donald Trump T1 smartphone? Picture: Trump Mobile US President Donald Trump has unveiled a new gold smartphone that he claims is built entirely in the United States (US). Trump phone The new device, called the T1 Phone 8002 (gold version), costs $499, with reservations available for a $100 deposit. According to the website, the phone is expected to be available in September. The announcement comes amid an effort to entice Trump's supporters away from major telecom providers and wireless network services. Dubbed the 47 Plan, the service will cost consumers $47.45 a month and will offer '5G service through all three major cellular carriers' – T-Mobile, Verizon and AT&T. According to the statement, it will offer telemedicine, unlimited texting plans with 100 countries, and roadside assistance. ALSO READ: Apple WWDC: Everything Apple announced including Liquid Glass 'Change the game' The eponymous Trump Mobile was announced in a Monday statement issued by The Trump Organization, which is led by President Donald Trump's son, Eric. 'Trump Mobile is going to change the game, we're building on the movement to put America first, and we will deliver the highest levels of quality and service. Our company is based right here in the United States because we know it's what our customers want and deserve,' said Executive Vice President of The Trump Organization, Donald Trump Jr. 'Sloppy' The 'T1 Phone' is advertised as 'proudly designed and built in the United States'. The Verge questioned the viability of building a phone in the US so quickly. 'All we have is a website that was clearly put together quickly and somewhat sloppily, a promise that the phone is 'designed and built in the USA' that I absolutely do not believe, a picture that appears to be nearly 100% Photoshopped, and a list of specs that don't make a lot of sense together. 'The existence of a 'gold version' of the phone implies a not-gold version, but the Trump Mobile website doesn't say anything more about that,' David Pearce at The Verge reported. Targeting Apple? The T1 announcement coincides with increased tension between the Trump administration and Apple in particular. In May, Trump threatened Apple with a 25% tariff for any iPhone sold but not made in the United States, putting new pressure on CEO Tim Cook to move manufacturing out of Asia. 'I have long ago informed Tim Cook of Apple that I expect their iPhone's that will be sold in the United States of America will be manufactured and built in the United States, not India, or any place else,' Trump in a Truth Social post. 'If that is not the case, a Tariff of at least 25% must be paid by Apple to the US. Thank you for your attention to this matter!' China However, the US president later expanded the threat to include all smartphone makers. While Apple designs its products in Cupertino at the company's headquarters in the United States, most iPhone assembly occur at the Foxconn factory in China. Apple has announced plans to shift some production to other countries, including India, but Trump said this would not satisfy his demands. ALSO READ: [REVIEW] Huawei Mate XT: No tri-fold gimmick smartphone, but it's pricey
Newsweek
17-06-2025
- Business
- Newsweek
Donald Trump's T1 Mobile Phones Will Be Made in US 'Eventually'—Eric Trump
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The Trump family's latest venture, an "America first" mobile network and self-branded phone will "eventually" be built in the U.S., leaving questions about where the new "T1" phone will be manufactured ahead of its launch later this year. In an interview on Monday, Eric Trump, vice president of the Trump Organization, said that it was possible for the phones to be built in the U.S., and that "eventually all the phones will be built in the United States." Newsweek has reached out to Trump Mobile, the newly formed company selling both the phones and the mobile service, via email for comment. Why It Matters On the backdrop of the White House's "America First" agenda, the feasibility of a purely American-made smartphone by The Trump Organization, the real estate-focused company now operated by the president's two eldest sons, has been questioned by experts, given the country's higher labor costs, outmoded manufacturing capabilities and the reliance of even domestically made phones on imported components. What To Know On Monday, the Trump Organization announced the launch of Trump Mobile and its flagship cellular service—"The 47 Plan"—which offers users 5G data service, unlimited calls and texts and 24/7 roadside assistance for the price of $47.45 per month, a reference to Trump's election as the 45th and 47th president. In addition, the new gold-colored "T1" smartphone is currently available for pre-order on the Trump Mobile website for $499, and is set to be released in September. In its press release on Monday, the Trump Organization said that it would be releasing the T1 Phone in August. In this photo illustration, an iPhone displays the website for The Trump Organization's mobile phone service and a Trump-branded smartphone on June 16, 2025 in Miami, Florida. In this photo illustration, an iPhone displays the website for The Trump Organization's mobile phone service and a Trump-branded smartphone on June 16, 2025 in Miami, the announcement, the Trump Organization described the T1 phone as "proudly designed and built in the United States." However, this claim has already been met with scrutiny from tech and supply chain experts, who doubt whether a phone could be domestically manufactured in this timeframe or at the advertised price point. Nilay Patel, co-founder of technology news website The Verge, told CNBC: "I don't think they're going to sell a phone that has anything to do with the United States on any kind of timeline that makes sense." He added that the only phone which could be sold for $499 by September would be "undoubtedly a rebranded Chinese Android phone." "Barring miracles, building a smartphone entirely in the U.S. by September is all but impossible," Tinglong Dai, professor at the Johns Hopkins Carey Business School, told Newsweek. "The U.S. doesn't currently have the supply chain to support that. We don't make key components like screens, memory chips, or camera modules here at scale," he added. "Even final assembly would be a stretch without significant lead time and preparation." The Trump Organization has seen a surge in business since the president's inauguration in January. The ventures announced, as well as the expansion into new sectors like cryptocurrency and telecommunications, have drawn scrutiny from ethics watchdogs who have raised concerns over potential conflicts of interest arising from the use of the president's brand and office for financial gain. However, the White House has maintained that President Trump has sufficiently distanced himself from his business dealings. What People Are Saying Eric Trump, vice president of the Trump Organization, said in a statement: "I'm incredibly excited to step into this new digital space, hard-working Americans deserve a wireless service that's affordable, reflects their values, and delivers reliable quality they can count on. We're especially proud to offer free long-distance calling to our military members and their families — because those serving overseas should always be able to stay connected to the people they love back home." In an interview with Right Side Broadcasting Network, Eric Trump said: "In hopefully in the next six months we're going to be manufacturing the phones in the United States. And so it's kind of, you know, we'll all be done here in our shores, employing American people. At $47 a month, we're going to do it cheaper, faster, better, safer than any of the other providers." He added that customer service for Trump Mobile would be provided from offices in St. Louis, Missouri "and not Bangladesh, not India, not one of these places." Leo Gebbie, analyst at tech research and advisory firm CCS Insight, told the BBC that the U.S. does not currently possess the "high-tech supply chain" needed for domestic smartphone manufacturing. Meghan Faulkner, communications director for Citizens for Responsibility and Ethics in Washington (CREW), told the outlet: "It's unbelievable that the Trump family has created yet another way for President Trump to personally profit while in office." Tinglong Dai, professor at the Johns Hopkins Carey Business School, told Newsweek: "If the claim is 'Made in USA,' the [Federal Trade Commission] has a very strict standard: all or virtually all parts and processing must be domestic." "That rules out any meaningful reliance on foreign suppliers, which makes the claim unrealistic under current conditions," he added. "The Trump Organization's 'built in America' language isn't an official designation, so that may be the direction they're taking." What Happens Next? The Trump Organization and Trump Mobile have yet to confirm where the phone will be manufactured in the U.S, and whether these will be domestically made in time for the launch later this year.
NDTV
17-06-2025
- Business
- NDTV
Donald Trump Enters Telecom Market With Gold-Colored 'T1 Phone'
New York: If Trump watches or sneakers or bibles aren't your thing, the family business just added another product to show your support for the US president: mobile phones. The Trump company announced Monday a new business, Trump Mobile, that will offer cell service in a licensing deal and sell gold phones by the summer. It's the latest in a string of new ventures struck despite mounting ethical concerns that the US president is profiting off his position and could distort public policy for personal gain. Eric Trump, the president's son running The Trump Organization in his absence, suggested the pitch is patriotism, emphasizing that the phones will be built in the US and the phone service will maintain a call center in the country as well. The announcement follows several real estate deals for towers and resorts in the Middle East, including a golf development in Qatar announced in April. A $1.5 billion partnership to build golf courses, hotels and real estate projects in Vietnam was approved last month, though the deal was in the works before Trump was elected. Trump has already used the main regulatory agency that will oversee Trump Mobile in personal disputes. The Federal Communications Commission has launched investigations of media outlets Trump dislikes and, in some cases, is personally suing. And the president himself last month criticized cell phone maker Apple, now a big business rival, because it planned to make most of its US iPhones in India, threatening to slap a 25% tariff on the devices. Eric Trump said that consumers deserve a phone that aligns with their values. "Hard-working Americans deserve a wireless service that's affordable, reflects their values, and delivers reliable quality they can count on," he said in a statement. The Trump phone deal comes as a mandatory financial disclosure report just filed with the government shows the president has moved fast in the last year to profit off his celebrity, taking in $3 million in revenue from selling "Save America" coffee table books, $2.8 million from Trump watches and $2.5 million from Trump branded sneakers and fragrances. The Trump Organization on Monday said the new, gold-colored phone available for $499 in August, called the T1 Phone, won't be designed or made by Trump Mobile, but by another company. The Trump Organization did not respond to repeated requests for more details on that and comment. IDC analyst Francisco Jeronimo said the monthly fee of just under $50 is pricey, the appeal beyond the most ardent MAGA loyalists doubtful and the business difficult given that cell phones break down. "It's not like selling hats and t-shirts. I'm not sure they have that all sorted of," said Jeronimo, adding "I'm not sure they are bringing great value to the American people." Donald Trump ventured into the telecommunication industry once before, giving speeches and promoting a multi-level marketing company called ACN that was eventually sued for fraud and misleading customers. In the first term, Trump was blasted by conservative and liberal government ethics experts alike for opening his Washington hotel to lobbyists and diplomats and violating his company's pledge to avoid even the appearance of a conflict between his private profit and the public interest. The company is feeling more emboldened now in the second term. The mobile service is partnering with existing cellular carriers with access to a 5G network, raising questions of how they will be treated by federal regulators now that they have partnered with his company. The Trump Organization said those companies are America's three biggest mobile network providers, an apparent reference to Verizon, AT&T and T-Mobile, the latter with a trademarked name that is very similar to Trump's T1 Mobile. The name given to the monthly service offer, The 47 Plan, and the monthly $47.45 monthly fee make reference to Trump's two terms, the 45th and the 47th. The service will include unlimited calls, texts and data and free roadside assistance and telehealth services. A mock-up of the planned phone on the company's website shows Trump's slogan "Make America Great" on the front and an etched American flag on the back. By sticking to licensing, the Trump family is limiting its risk. Still, the new service faces big challenges if it hopes to sell beyond the president's loyal MAGA fans. The Trump company tried to tap into support among the middle class in the first term with two mid-priced hotel chains. Called American Idea and Scion, and unveiled like the phone service Monday under a giant US flag in the Trump Tower atrium, they flopped. Despite taking in millions of dollars each year in various licensing deals and a string of new ventures, the Trump brand has taken a series of hits to its brand over the years. During his first term, the Trump name was stripped off residential buildings and hotels in Toronto, Panama and Manhattan. The Trump International Hotel in Washington, since sold, lost money even though the family opened its doors to businesses and governments trying to shape US policy. The average condo in 11 Trump-branded residential towers around the country underperformed the broader market during and immediately after Trump's first term. More recently, the value of Trump condos in New York City fell in the past two years as similar properties rise in value, according to brokerage CityRealty. The Trump Organization has had more success with some ventures launched in the first few months of his second term. Trump Media & Technology Group, a Florida company that operates the Truth Social media platform, filed plans with security regulators Monday to launch an exchange-traded fund tied to the prices of two popular cryptocurrencies. The ETF is part of the Trump family's rapidly growing crypto empire, which includes a new stablecoin and launching and promoting memecoins. The president's most recent financial disclosure report reveals he made more than $57 million last year from World Liberty Financial, a crypto company he and his sons helped launch in September.
