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justaprogressive

(6,382 posts)
Wed Jun 11, 2025, 11:47 AM Jun 2025

'Unbridled looting': How the Trump family is raking in billions -- while no one is watching [View all]

National Memo editor Joe Conason says President Donald Trump glommed “approximately $1.6 billion” in revenue and income during his first four years. Six months into his second, he and his family are grabbing “billions already—and by the time he’s done, he may make off with tens of billions.”

In his New Republic piece, Conason ticks down a long list of Trump’s despot-style self-enrichment schemes, proving again “an old truism that applies to authoritarian regimes throughout history.” Sure, they curtail civil liberties, target alleged “enemies of the state” and repress disfavored groups. But, “most of all, they enrich themselves and their families.”

In his second term, the notorious creator of “Trump University” has announced several business partnerships with overseas corporations, some with ties to Middle East governments the U.S. is currently in talks with, Conason said. There’s a new Trump Organization golf course and luxury tower in Qatar, announced just prior to Trump’s official visit. But this, Conason says, is “merely one of … 19 such deals in the works in coming months.”

The Trump Organization is also building a Trump resort on the coast of Oman, working directly with the Oman government and a contractor with ties to the Saudi government. Similarly, Trump also partnered with the Saudi Public Investment Fund in the LIV Golf Tour and tournament, which brings considerable revenue to his Doral resort in South Florida.


https://www.alternet.org/smartnews/trump-family-grifting/
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