U.S. President Donald Trump has purchased at least $82 million in corporate and municipal bonds between late August and early October, according to newly released financial disclosures. The documents, published by the U.S. Office of Government Ethics, show more than 175 transactions carried out between August 28 and October 2. While the exact value of each transaction is not specified, the maximum combined amount exceeds $337 million.
The majority of the assets listed consist of bonds issued by municipalities, states, counties, school districts, and other public-related entities. Trump also expanded his bond portfolio into industries that have benefited from deregulation and other policy changes under his administration.
Among the corporate bonds acquired were those from major chipmakers, large technology firms, top U.S. retailers, and leading investment banks. Purchases included debt issued by Broadcom, Qualcomm, Meta, Home Depot, CVS Health, Goldman Sachs, and Morgan Stanley. Trump also bought JP Morgan bonds around the same period he requested an investigation into the bank’s past relationship with Jeffrey Epstein.
In addition, he acquired Intel bonds shortly after the government initiated the purchase of a stake in the company under his direction.
The White House has stated that Trump continues to file mandatory disclosures, while emphasizing that his investment portfolio is managed by a third-party institution, without involvement from him or his family.
A previous disclosure indicated Trump had bought over $100 million in bonds since returning to office on January 20. His annual financial disclosure, released in June, highlighted more than $600 million in income from various ventures, including crypto holdings, real estate, licensing, and golf properties. That same document estimated total assets of at least $1.6 billion.
