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The Age
06-07-2025
- Business
- The Age
What is Trump's net worth? Here's what we know and can't know
At the current trading price of about $US8.67, as of noon July 1, those holdings amount to about $US6.9 billion. But this value is not liquid: the coins owned by Trump cannot be traded, and any large sale would cause the price to crater. It is also unclear how much belongs to Trump versus his partners. Along with the value of the $TRUMP coins that the president holds, he benefits from transaction fees every time the meme coin is traded. To date, these fees have totalled at least $US320 million, which the Trump family shares with its business partners, said Chainalysis, a crypto analytics firm. World Liberty Financial The president's headfirst dive into the crypto industry has been highly lucrative – and not just because of his meme coin. The crypto firm that he helped start during last year's presidential campaign, World Liberty Financial, has also generated a significant sum from the sale of its own digital tokens, known as WLFI. A business owned by the Trump family is entitled to 75 per cent of the revenue from token sales, after a $US30 million threshold is reached and expenses are deducted. World Liberty said in March that it had sold $US550 million in tokens, and then reported subsequent sales of $US25 million and $US100 million. The sales probably netted more – possibly much more – than $US300 million for the Trump family, though the president's precise earnings will not be known until he files his next annual financial report. Loading Trump also controls his own stash of more than 15 billion World Liberty tokens, his most recent disclosure shows. The tokens are not tradable, making it difficult to estimate their value. For now, owning them simply allows holders to vote on some of World Liberty Financial's business decisions. But data collected by crypto forensics firm Nansen shows some of the tokens were originally sold at US1.5¢ apiece – consistent with pricing information that World Liberty circulated to investors last year. That would put the value of Trump's holdings at about $US236 million. It's possible that World Liberty will eventually allow the tokens to be traded, which could cause their value to skyrocket. The company has said it is working on making the tokens 'transferable', though it's not clear exactly what that means. At a crypto conference in New York on June 25, one of World Liberty's founders, Zak Folkman, hinted that an announcement could come in the next couple of weeks. 'Everybody is going to be very, very happy,' he said. Stocks, bonds and cash Trump Media & Technology Group The second-largest source of Trump's net worth, after the meme coin, is his stake in the publicly traded corporation that runs his social media venture, Truth Social. The president owns 115 million shares in the company, Trump Media & Technology Group, making his stake worth about $US2 billion based on the current price of the stock. But unless he sells the shares, this aspect of his net worth is theoretical, existing only on paper. And the value of Trump Media shares has fallen precipitously since his inauguration. At its peak, Trump's stake in the company was worth about $US6 billion. Other investments The president also has an expansive financial investment portfolio that was worth at least $US236 million, according to his most recent financial disclosure, which covers 2024. The exact size of his portfolio is unknown because his financial disclosure reports these assets in wide ranges. One entry in the disclosure indicated Trump held more than $US50 million in a money market fund with no top value provided, making it impossible to determine the true maximum total of his holdings. The New York Times previously analysed the financial disclosure he filed last year to determine the breakdown of his holdings in bonds, cash and stocks. Loading If Trump held the low end of the range for each asset listed, bonds would have accounted for about 60 per cent of Trump's portfolio; cash and similar investments for about 30 per cent; and stocks for less than 10 per cent. Municipal bonds represented nearly 80 per cent of Trump's bond holdings, according to the minimum values reported. At minimum, Trump's investment portfolio of stocks, bonds and cash produced $US13 million in dividends and interest last year. Before Trump was a crypto mogul, he drew much of his net worth from the value of his real estate – hotels, residential properties, golf clubs and commercial office towers. This business has ebbed and flowed over the years, though it remains important for Trump. It is difficult to determine the exact value of his real estate; he offers only estimates in his financial disclosures. For example, he valued 19 real estate assets at more than $US50 million each in his latest disclosure, with no reported maximum. All told, he valued his properties and other business holdings at a minimum of $US1.3 billion, excluding Trump Media and World Liberty. Loading The New York attorney-general accused Trump of inflating his real estate values to secure favourable loans from banks, prompting a months-long civil trial that resulted in a nearly $US500 million judgment against him. These properties also generate revenue, though he does not reveal his expenses or investments in the properties, so profit or loss cannot be determined. In 2024, the top two revenue generators were in Florida: the Trump National Doral golf club near Miami ($US110 million) and his Mar-a-Lago private club and estate ($US50 million). Royalties Gold watches. An electric guitar. A coffee-table book. Sneakers and a Bible. Trump has put his name on a wide variety of consumer products — and these deals generate a steady flow of royalty payments for him. In 2024, he received more than $US11 million in such payments, according to his financial disclosure. Debts Real estate Like almost any real estate investor, Trump has sizable loans on some of his properties. His company said it recently paid off a $US160 million loan on its 40 Wall Street office building in New York, though he still owed more than $US100 million on other properties, according to his latest disclosure. Lawsuit judgments The president's biggest debt stems from his recent legal troubles: the nearly $US500 million judgment from the New York attorney-general's office and two lawsuits brought by writer E. Jean Carroll. In one of those two cases, a Manhattan jury ordered Trump to pay Carroll $US83.3 million for defaming her after she accused him of sexual assault. A separate jury had earlier awarded Carroll $US5 million after finding that Trump had sexually abused her in a Bergdorf Goodman dressing room in the mid-1990s and had defamed her in a Truth Social post. Loading After these courtroom losses, Trump had to secure hundreds of millions of dollars in so-called appellate bonds, which spare him from paying the judgments while he appeals them. But to do so, he had to pledge a significant amount of his assets to the companies providing the bonds. And if he ultimately loses the appeals, Trump will owe the full amount of the judgments, plus significant interest.
Sydney Morning Herald
06-07-2025
- Business
- Sydney Morning Herald
What is Trump's net worth? Here's what we know and can't know
At the current trading price of about $US8.67, as of noon July 1, those holdings amount to about $US6.9 billion. But this value is not liquid: the coins owned by Trump cannot be traded, and any large sale would cause the price to crater. It is also unclear how much belongs to Trump versus his partners. Along with the value of the $TRUMP coins that the president holds, he benefits from transaction fees every time the meme coin is traded. To date, these fees have totalled at least $US320 million, which the Trump family shares with its business partners, said Chainalysis, a crypto analytics firm. World Liberty Financial The president's headfirst dive into the crypto industry has been highly lucrative – and not just because of his meme coin. The crypto firm that he helped start during last year's presidential campaign, World Liberty Financial, has also generated a significant sum from the sale of its own digital tokens, known as WLFI. A business owned by the Trump family is entitled to 75 per cent of the revenue from token sales, after a $US30 million threshold is reached and expenses are deducted. World Liberty said in March that it had sold $US550 million in tokens, and then reported subsequent sales of $US25 million and $US100 million. The sales probably netted more – possibly much more – than $US300 million for the Trump family, though the president's precise earnings will not be known until he files his next annual financial report. Loading Trump also controls his own stash of more than 15 billion World Liberty tokens, his most recent disclosure shows. The tokens are not tradable, making it difficult to estimate their value. For now, owning them simply allows holders to vote on some of World Liberty Financial's business decisions. But data collected by crypto forensics firm Nansen shows some of the tokens were originally sold at US1.5¢ apiece – consistent with pricing information that World Liberty circulated to investors last year. That would put the value of Trump's holdings at about $US236 million. It's possible that World Liberty will eventually allow the tokens to be traded, which could cause their value to skyrocket. The company has said it is working on making the tokens 'transferable', though it's not clear exactly what that means. At a crypto conference in New York on June 25, one of World Liberty's founders, Zak Folkman, hinted that an announcement could come in the next couple of weeks. 'Everybody is going to be very, very happy,' he said. Stocks, bonds and cash Trump Media & Technology Group The second-largest source of Trump's net worth, after the meme coin, is his stake in the publicly traded corporation that runs his social media venture, Truth Social. The president owns 115 million shares in the company, Trump Media & Technology Group, making his stake worth about $US2 billion based on the current price of the stock. But unless he sells the shares, this aspect of his net worth is theoretical, existing only on paper. And the value of Trump Media shares has fallen precipitously since his inauguration. At its peak, Trump's stake in the company was worth about $US6 billion. Other investments The president also has an expansive financial investment portfolio that was worth at least $US236 million, according to his most recent financial disclosure, which covers 2024. The exact size of his portfolio is unknown because his financial disclosure reports these assets in wide ranges. One entry in the disclosure indicated Trump held more than $US50 million in a money market fund with no top value provided, making it impossible to determine the true maximum total of his holdings. The New York Times previously analysed the financial disclosure he filed last year to determine the breakdown of his holdings in bonds, cash and stocks. Loading If Trump held the low end of the range for each asset listed, bonds would have accounted for about 60 per cent of Trump's portfolio; cash and similar investments for about 30 per cent; and stocks for less than 10 per cent. Municipal bonds represented nearly 80 per cent of Trump's bond holdings, according to the minimum values reported. At minimum, Trump's investment portfolio of stocks, bonds and cash produced $US13 million in dividends and interest last year. Before Trump was a crypto mogul, he drew much of his net worth from the value of his real estate – hotels, residential properties, golf clubs and commercial office towers. This business has ebbed and flowed over the years, though it remains important for Trump. It is difficult to determine the exact value of his real estate; he offers only estimates in his financial disclosures. For example, he valued 19 real estate assets at more than $US50 million each in his latest disclosure, with no reported maximum. All told, he valued his properties and other business holdings at a minimum of $US1.3 billion, excluding Trump Media and World Liberty. Loading The New York attorney-general accused Trump of inflating his real estate values to secure favourable loans from banks, prompting a months-long civil trial that resulted in a nearly $US500 million judgment against him. These properties also generate revenue, though he does not reveal his expenses or investments in the properties, so profit or loss cannot be determined. In 2024, the top two revenue generators were in Florida: the Trump National Doral golf club near Miami ($US110 million) and his Mar-a-Lago private club and estate ($US50 million). Royalties Gold watches. An electric guitar. A coffee-table book. Sneakers and a Bible. Trump has put his name on a wide variety of consumer products — and these deals generate a steady flow of royalty payments for him. In 2024, he received more than $US11 million in such payments, according to his financial disclosure. Debts Real estate Like almost any real estate investor, Trump has sizable loans on some of his properties. His company said it recently paid off a $US160 million loan on its 40 Wall Street office building in New York, though he still owed more than $US100 million on other properties, according to his latest disclosure. Lawsuit judgments The president's biggest debt stems from his recent legal troubles: the nearly $US500 million judgment from the New York attorney-general's office and two lawsuits brought by writer E. Jean Carroll. In one of those two cases, a Manhattan jury ordered Trump to pay Carroll $US83.3 million for defaming her after she accused him of sexual assault. A separate jury had earlier awarded Carroll $US5 million after finding that Trump had sexually abused her in a Bergdorf Goodman dressing room in the mid-1990s and had defamed her in a Truth Social post. Loading After these courtroom losses, Trump had to secure hundreds of millions of dollars in so-called appellate bonds, which spare him from paying the judgments while he appeals them. But to do so, he had to pledge a significant amount of his assets to the companies providing the bonds. And if he ultimately loses the appeals, Trump will owe the full amount of the judgments, plus significant interest.
Sydney Morning Herald
16-06-2025
- Business
- Sydney Morning Herald
Bibles, golf courses and crypto: How Donald Trump made his money in 2024
A meme coin released this year by the president – $USTRUMP – alone has earned an estimated $US320 million in fees, although it is not publicly known how that amount has been divided between a Trump-controlled entity and its partners. In addition to the meme coin fees, the Trump family has raked in more than $US400 million from World Liberty Financial, a decentralised finance company. The Trump family is involved, also, with a bitcoin mining operation and digital asset exchange-traded funds. In the disclosures, Trump reported $US57.35 million from token sales at World Liberty. He also reported holding 15.75 billion governance tokens in the venture. The wealth of the Republican businessman-turned-politician ranges from crypto to real estate, and a large part on paper is tied up in his stake in Trump Media & Technology Group, owner of social media platform Truth Social. Besides assets and revenues from his business ventures, Trump reported at least $US12 million in income, including through interest and dividends, from passive investments totaling at least $US211 million, a Reuters calculation shows. His biggest investments were in alternative fund manager Blue Owl Capital Corp and in government bond funds managed by Charles Schwab and Invesco. The disclosure often only gave ranges for the value of his assets and income; Reuters used the lower amount listed, meaning the total value of his assets and income was almost certainly higher. The disclosure showed income from various assets including Trump's properties in Florida. Trump's three golf-focused resorts in the state – Jupiter, Doral and West Palm Beach – plus his nearby private members' club at Mar-a-Lago generated at least $US217.7 million in income, according to the filing. Trump National Doral, the expansive Miami-area golf hub known for its Blue Monster course, was the family's single largest income source at $US110.4 million. The income figures provided are essentially revenue, not net profits after subtracting costs. Loading The disclosure underlined the global nature of the Trump family business, listing income of $US5 million in licence fees from a development in Vietnam, $US10 million in development fees from a project in India and almost $US16 million in licensing fees for a Dubai project. Trump collected royalty money, also, from a variety of deals – $US1.3 million from the Greenwood Bible (its website describes it as 'the only Bible officially endorsed by [country singer] Lee Greenwood and President Trump'); $US2.8 million from Trump Watches, and $US2.5 million from Trump Sneakers and Fragrances. Trump listed $US1.16 million in income from his NFTs – digital trading cards in his likeness – while first lady Melania Trump earned about $US216,700 from licence fees on her own NFT collection.
The Age
16-06-2025
- Business
- The Age
Bibles, golf courses and crypto: How Donald Trump made his money in 2024
A meme coin released this year by the president – $USTRUMP – alone has earned an estimated $US320 million in fees, although it is not publicly known how that amount has been divided between a Trump-controlled entity and its partners. In addition to the meme coin fees, the Trump family has raked in more than $US400 million from World Liberty Financial, a decentralised finance company. The Trump family is involved, also, with a bitcoin mining operation and digital asset exchange-traded funds. In the disclosures, Trump reported $US57.35 million from token sales at World Liberty. He also reported holding 15.75 billion governance tokens in the venture. The wealth of the Republican businessman-turned-politician ranges from crypto to real estate, and a large part on paper is tied up in his stake in Trump Media & Technology Group, owner of social media platform Truth Social. Besides assets and revenues from his business ventures, Trump reported at least $US12 million in income, including through interest and dividends, from passive investments totaling at least $US211 million, a Reuters calculation shows. His biggest investments were in alternative fund manager Blue Owl Capital Corp and in government bond funds managed by Charles Schwab and Invesco. The disclosure often only gave ranges for the value of his assets and income; Reuters used the lower amount listed, meaning the total value of his assets and income was almost certainly higher. The disclosure showed income from various assets including Trump's properties in Florida. Trump's three golf-focused resorts in the state – Jupiter, Doral and West Palm Beach – plus his nearby private members' club at Mar-a-Lago generated at least $US217.7 million in income, according to the filing. Trump National Doral, the expansive Miami-area golf hub known for its Blue Monster course, was the family's single largest income source at $US110.4 million. The income figures provided are essentially revenue, not net profits after subtracting costs. Loading The disclosure underlined the global nature of the Trump family business, listing income of $US5 million in licence fees from a development in Vietnam, $US10 million in development fees from a project in India and almost $US16 million in licensing fees for a Dubai project. Trump collected royalty money, also, from a variety of deals – $US1.3 million from the Greenwood Bible (its website describes it as 'the only Bible officially endorsed by [country singer] Lee Greenwood and President Trump'); $US2.8 million from Trump Watches, and $US2.5 million from Trump Sneakers and Fragrances. Trump listed $US1.16 million in income from his NFTs – digital trading cards in his likeness – while first lady Melania Trump earned about $US216,700 from licence fees on her own NFT collection.
The Age
26-05-2025
- Business
- The Age
The Trumps are monetising the presidency like never before. But where is the outrage?
When Hillary Clinton was US first lady, a furore erupted over reports that she had once made $US100,000 from a $US1000 investment in cattle futures. Even though it had happened a dozen years before her husband became president, it became a scandal that lasted weeks and forced the White House to initiate a review. Thirty-one years later, after dinner at US President Donald Trump's Mar-a-Lago estate, Amazon executive chairman Jeff Bezos agreed to finance a promotional film about first lady Melania Trump that will reportedly put $US28 million ($43 million) directly in her pocket – 280 times the Clinton lucre and in this case from a person with a vested interest in policies set by her husband's government. Scandal? Furore? Washington moved on while barely taking notice. The Trumps are hardly the first presidential family to profit from their time in power, but they have done more to monetise the presidency than anyone who has ever occupied the White House. The scale and the scope of the presidential mercantilism have been breathtaking. The Trump family and its business partners have collected $US320 million in fees from a new cryptocurrency, brokered overseas real estate deals worth billions of dollars and are opening an exclusive club in Washington called the Executive Branch charging $US500,000 apiece to join, all in the past few months alone. Just last week, Qatar handed over a luxury jet meant for Trump's use, not just in his official capacity but also for his presidential library after he leaves office. Experts have valued the plane, formally donated to the Air Force, at $US200 million, more than all the foreign gifts bestowed on all previous American presidents combined. And Trump hosted an exclusive dinner at his Virginia club for 220 investors in the $TRUMP cryptocurrency that he started days before taking office in January. Access was openly sold based on how much money they chipped in – not to a campaign account but to a business that benefits Trump personally. By conventional Washington standards, according to students of official graft, the still-young Trump administration is a candidate for the most brazen use of government office in American history, perhaps eclipsing even Teapot Dome, Watergate and other famous scandals. 'I've been watching and writing about corruption for 50 years, and my head is still spinning,' said Michael Johnston, a professor emeritus at Colgate University and author of multiple books on corruption in the United States. Yet a mark of how much Trump has transformed Washington since his return to power is the normalisation of moneymaking schemes that once would have generated endless political blowback, televised hearings, official investigations and damage control. The death of outrage in the Trump era, or at least the dearth of outrage, exemplifies how far the president has moved the lines of accepted behaviour in Washington. Loading Trump, the first convicted felon elected president, has erased ethical boundaries and dismantled the instruments of accountability that constrained his predecessors. There will be no official investigations because Trump has made sure of it. He has fired government inspectors general and ethics watchdogs, installed partisan loyalists to run the Justice Department, FBI and regulatory agencies and dominated a Republican-controlled Congress unwilling to hold hearings. As a result, while Democrats and other critics of Trump are increasingly trying to focus attention on the president's activities, they have had a hard time gaining any traction without the usual mechanisms of official review. And at a time when Trump provokes a major news story every day or even every hour – more tariffs on allies, more retribution against enemies, more defiance of court orders – rarely does a single action stay in the headlines long enough to shape the national conversation. Paul Rosenzweig, who was a senior counsel to Ken Starr's investigation of president Bill Clinton and later served in the George W. Bush administration, said the lack of uproar over Trump's ethical norm-busting has made him wonder whether longstanding assumptions about public desire for honest government were wrong all along. 'Either the general public never cared about this,' he said, or 'the public did care about it but no longer does.' He concluded that the answer is that '80 per cent, the public never cared' and '20 per cent, we are overwhelmed and exhausted'. 'Outrage hasn't died,' Rosenzweig added. 'It was always just a figment of elite imagination.' The White House has defended Trump's actions, brushing off questions about ethical considerations by saying that he was so rich that he did not need more money. 'The president is abiding by all conflict of interest laws that are applicable to the president,' White House press secretary Karoline Leavitt said. 'The American public believes it is absurd for anyone to insinuate that this president is profiting off of the presidency. This president was incredibly successful before giving it all up to serve our country publicly.' But saying that he is abiding by all conflict of interest laws that are applicable to the president is meaningless since, as Trump himself has long noted, conflict of interest laws are not applicable to the president. Moreover, he has not given it all up; in fact, he is still making money from his private business interests run by his sons, and independent estimates indicate that he has hardly sacrificed financially by entering politics. Forbes estimated Trump's net worth at $US5.1 billion in March, a full $US1.2 billion higher than the year before and the highest it has ever been in the magazine's rankings. The president's sons scoff at the idea that they should limit their business activities, which directly benefit their father. Donald Trump Jr has said that the family restrained itself during his father's first term only to be criticised anyway, so it made no sense to hold back any more. 'They're going to hit you no matter what,' he said last week at a business forum in Qatar. 'So we're just going to play the game.' There have been some burgeoning signs of public pushback in recent days. The gift of the Qatar plane seemed to break through to the general audience in a way that other episodes have not. A Harvard/CAPS Harris poll released last week found that 62 per cent of Americans thought the gift 'raises ethical concerns about corruption', and even some prominent right-wing Trump supporters like Ben Shapiro and Laura Loomer voiced objections. Tucker Carlson, the former Fox News host who campaigned with Trump last year, expressed misgivings this week during a podcast with Shawn Ryan, a right-wing influencer, who mentioned all the Trump family business deals that seemed to coincide with the president's recent trip to the Middle East. 'That stuff kind of worries me,' Ryan said. 'Well, it seems like corruption, yeah,' Carlson agreed. But while several dozen demonstrators protested outside Trump's golf club the other night, Democrats are split about how much to focus on Trump's profit making, with some preferring to concentrate on economic issues. Senator Christopher Murphy has been leading the charge in the other direction, making floor speeches and leading news conferences denouncing what he calls 'brazen corruption'. 'It is unlikely he is going to be held accountable through traditional means,' Murphy said in an interview. 'There are going to be no special counsels; there's going to be no DOJ action. And so it's really just about public mobilisation and politics. If Republicans keep paying a price for the corruption by losing special elections throughout the next year, maybe that causes them to rethink their complicity.' Trump had long promised to 'drain the swamp' in Washington after years of corruption by other politicians. When he first ran for president in 2016, he excoriated the Clintons for taking money from Saudi Arabia and other Middle East monarchies with an obvious interest in currying favour in case Hillary Clinton won the presidency. But that money went to the Clinton Foundation for philanthropic purposes. The money Trump's family is now bringing in from the Middle East is going into their personal accounts through a variety of ventures that The New York Times has documented. Johnston said the Trumps represented 'an absolute outlier case, not just in monetary terms' but also 'in terms of their brazen disregard' for past standards. 'While we might disagree as to the merits of policy, the president and figures in the executive branch are expected to serve the public good, not themselves,' he said. Trump made a nod at those standards in his first term by saying he would restrict his family business from doing deals overseas. But since then, he has been convicted of 34 felony counts for falsifying business records and held liable in civil court for fraud while the Supreme Court has conferred immunity on him for official acts. In his second term, Trump has dispensed with self-imposed ethical limits. Loading 'He's not trying to give the appearance that he's doing the right thing any more,' said Fred Wertheimer, founder of Democracy 21 and a long-time advocate for government ethics. 'There's nothing in the history of America that approaches the use of the presidency for massive personal gain. Nothing.' Congressional Republicans spent years investigating Hunter Biden, the son of President Joe Biden, for trading on his family name to make millions of dollars, even labelling the clan the 'Biden Crime Family'. But while Hunter Biden's cash flow was a tiny fraction of that of Donald Trump Jr, Eric Trump and Jared Kushner, Republicans have shown no appetite for looking into the current presidential family's finances. 'The American public has had to inure itself to the corruption of Donald Trump and his presidency because the president and his Republican Party have given the American public no choice in the matter,' said J. Michael Luttig, a conservative former appeals court judge who has become a critic of Trump. Trump evinces no concern that people funnelling money into his family coffers have interests in government policies. Some of the crypto investors who attended his dinner on Thursday night acknowledged that they were using the opportunity to press him on regulation of the industry. According to a video obtained by the Times, he reciprocated by promising guests that he would not be as hard on them as the Biden administration was. One guest at the Trump National Golf Club in Sterling, Virginia, that night was Justin Sun, a Chinese billionaire who became one of the largest holders of the $TRUMP meme coin after buying more than $US40 million worth, earning him a spot in an even more exclusive private VIP reception with the president before the dinner. The US Securities and Exchange Commission in 2023 accused Sun of fraud, but after Trump took over the agency put its lawsuit on hold even as it dropped other crypto investigations. As for Bezos and Qatar, each has reason to get on Trump's good side. In his first term, Trump, peeved at coverage in The Washington Post, which is owned by Bezos, repeatedly pushed aides to punish Bezos' main company, Amazon, by drastically increasing its US Postal Service shipping rates and denying it a multibillion-dollar Pentagon contract. Trump also had denounced Qatar as a 'funder of terrorism' and isolated it diplomatically. He has not targeted either Bezos or Qatar in his second term. The president has not hesitated either to install allies with conflict issues in positions of power. He tapped a close associate of Elon Musk as the administrator of NASA, which provides Musk's SpaceX with billions of dollars in contracts. Attorney General Pam Bondi, who previously worked as a lobbyist for Qatar, signed off on the legality of Qatar's aeroplane gift. Zach Witkoff, a founder of the Trump family crypto firm World Liberty Financial, and son of Steve Witkoff, the president's special envoy, announced a $US2 billion deal in the United Arab Emirates, just a couple of weeks before his father and Trump travelled there for a presidential visit. Wertheimer said the accumulation of so many conflicts put Trump on the all-time list of presidential graft. 'He's got the first 10 places on that,' he said. 'He's in the hall of fame of ripping off the presidency for personal gain.' But he said the public would eventually grow upset. 'I think that's going to catch up with him. It's going to take some time, but it's going to catch up with him.'
