Trump Family Earnings Soar to 1.1 Billion Won Following Presidential Election Victory

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Analysis reveals massive financial gains for Donald Trump and his family after his election win, including investments from companies and a lucrative documentary deal / AP


Donald Trump, the 45th President of the United States, and his family have reportedly seen potential financial gains totaling up to 1.1 billion Korean Won (roughly 80 million USD) since his election victory. According to a report by the Wall Street Journal (WSJ) published on February 13, Trump's win led to substantial financial backing from various corporations, contributing to this staggering amount. These financial benefits are said to include contributions from cryptocurrency ventures and other high-value deals involving Trump and his wife, Melania Trump. The earnings are expected to increase further if these ventures continue to thrive.

The WSJ pointed out that the financial success Trump and his family have achieved post-election is unprecedented, even surpassing the figures from Trump's first term. This level of income has garnered criticism from Democratic groups, similar to the earlier controversies during his first term.

One of the major financial windfalls for the Trump family has been linked to Melania Trump's upcoming documentary. The production, set to debut on Amazon's Prime Video later this year, is reported to have a production budget of 40 million dollars, with Melania serving as the executive producer. She holds editorial rights, adding to her substantial earnings from the project. Her share of the production budget is said to be approximately 28 million dollars, making it one of the largest amounts ever invested in an Amazon documentary. In comparison, other platforms such as Paramount and Disney had proposed much lower budgets of 4 million dollars and 14 million dollars, respectively. Netflix, notably, turned down the project altogether.

In addition to the documentary, Melania Trump's agency is reportedly planning to sell invitations to private screenings of the documentary for over 10 million dollars. This venture further adds to her and her family's growing fortune.

Another source of income for the Trump family is linked to the Trump Presidential Library. Meta, the parent company of Facebook, paid Trump a settlement of 25 million dollars following a lawsuit. Of that amount, 22 million dollars is being directed to fund the library. This settlement stemmed from a 2021 legal dispute between Trump and Meta, which led to the suspension of Trump's Facebook account. The WSJ report further notes that other companies involved in disputes with Trump during his presidency have also contributed substantial sums in settlements, further enriching the Trump family.

Ty Cobb, a White House lawyer during Trump's first administration, commented on the aggressive financial strategies employed by the Trump family. He remarked that their actions, including seeking financial gains through various channels, have become bolder since Trump’s election. Cobb emphasized that Trump has used every opportunity to accumulate wealth and power, with numerous entities now seeking to align with him due to his elevated status.

This is not the first time Trump has faced criticism for potential conflicts of interest relating to his wealth. Throughout his first term as president and even after his re-election bid, questions have arisen regarding the ethical implications of his financial activities. Prior to his first inauguration in 2017, Trump declared that he would not sell his business assets or place them into a blind trust, prompting concerns over conflicts of interest. According to the Citizens for Responsibility and Ethics in Washington (CREW), there were over 3,400 reported instances of conflict of interest during Trump's first term. Additionally, even as a presidential candidate in 2024, Trump has been criticized for failing to submit a pledge to avoid ethical issues, further fueling public scrutiny.

While the Trump family's financial gains continue to grow, questions remain about the ethical and legal implications of their actions, with ongoing scrutiny surrounding their efforts to capitalize on the president's high-profile position.

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