Trump's $100 Million Bond Investments Include Netflix and Warner Bros Discovery
US President Donald Trump made significant bond purchases totaling approximately $100 million between mid-November and late December. His latest financial disclosures reveal these investments.
Details of the Bond Purchases
The disclosures, posted on Thursday and Friday, show Trump bought municipal and corporate bonds. He invested up to $2 million in Netflix and Warner Bros Discovery bonds. This purchase happened shortly after the companies announced their merger.
Most of Trump's purchases were municipal bonds. These bonds were issued by cities, local school districts, utilities, and hospitals. He also acquired corporate bonds from major companies. These companies include Boeing, Occidental Petroleum, and General Motors.
Expanding Portfolio and Potential Conflicts
These investments add to Trump's expanding portfolio while in office. His holdings include sectors that could benefit from his policies. This situation prompts questions about potential conflicts of interest.
For instance, Trump said in December that he would have a say in whether Netflix can proceed with its proposed $83 billion acquisition of Warner Bros Discovery. This deal faces competition from Paramount Skydance. Any deal will require regulatory approval.
Independent Management of Portfolio
A White House official said on Friday that Trump's stock and bond portfolio is independently managed. Third-party financial institutions handle the management. The official added that neither Trump nor his family members can direct, influence, or provide input on how the portfolio is invested.
Like many wealthy individuals, Trump regularly invests in bonds. He had previously disclosed at least $82 million in bond purchases between late August and early October.
