Trump's made money - will you?
7/2/202626 min
Fresh financial disclosure documents gave the world a window into just how much money United States president Donald Trump has made during his first year back in the White House. And the numbers might shock you.
Is it right for a leader to be making such serious cash while in office - particularly when some of those riches came from Trump's controversial meme coin, despite a lot of private investors coming up short in the same deal?
And with the president's investments paying off - where does this leave those in Australia and around the world who might be thinking of investing in crypto and other options, like gold?
Carrington Clarke and ABC Business Reporter Lin Lin break it all down on ABC Business Daily.
Be sure to catch today's tax-time bonus episode, all about tax changes for shares, here!
Got a burning business question?
We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at abcbusinessdaily@abc.net.au and we'll attempt to answer it.
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Transcript preview
First 90 secondsLin Lin· Guest0:00
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Sam Hawley· Soundbite0:05
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Carrington Clarke· Host0:19
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Sam Hawley· Soundbite0:29
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Carrington Clarke· Host0:33
So just how profitable is it to be the United States president? We got some insight this week into how much money Donald Trump has made in his first year back in the White House, and you might be shocked. And I can tell you, it's not his salary which is his big earner. So we'll break down the numbers and ask the fundamental question: Is it right that the US president is making this sort of serious cash while in the presidency? And while Donald Trump makes riches in crypto, a lot of other people are coming up short. Welcome to ABC Business Daily. [upbeat music] I'm Carrington Clark.
Lin Lin· Guest1:15
And I'm ABC Business reporter Lin Lin.
Carrington Clarke· Host1:18
Lin Lin, thank you so much for joining. I've been wanting to bring you on the podcast for a while. We finally got the planets to be aligned. Uh, and I'm really excited to be talking to you about this particular subject. So the,