President Donald Trump has taken his presidency to new heights, turning it into a multi-million dollar brand that’s raking in profits from various ventures. According to estimates, Trump’s digital currency holdings amount to $2.9 billion, which accounts for nearly 40% of his net worth. But this is just one example of how Trump is cashing in on his presidency.
Trump’s assets include everything from branded gym shoes to a social media platform (Truth Social) and even a “Trump Bible”. The Trump Organization still holds significant real estate holdings worldwide. In fact, since his reelection campaign began, Trump’s net worth has more than doubled to $5.4 billion, largely thanks to the launch of Trump-branded products.
Trump’s business ventures have blurred the lines between politics and commerce, raising concerns among public relations specialists. Mark Borkowski, a specialist, notes that Trump is “turning political fandom into money” and has redrawn the boundaries between commerce and the office of the president. The result is a “new hyperreality” where profit and power are inextricably linked.
Trump’s latest move is entering the mobile phone business with a Trump-branded service, featuring a sleek gold phone priced at $499. While some may argue that this is a legitimate business venture, others see it as a blatant attempt to cash in on his presidency. One thing is certain – Trump is making money hand over fist and has taken the concept of “grift” to new levels.
Source: https://www.alternet.org/trump-guardian-net-worth