Did you know Trump made millions from foreign businesses while in office?

You might not have heard about this...
This is how much the former president made
Citizens for Responsibility and Ethics in Washington
Studying the former president's tax returns and financial data
Where did the money come from?
Trump shouldn't have been earning this cash
Its tough to tie any money to misconduct
Trump had lots of conflicts of interest
Trump never paused his foreign business
A example of alleged corruption
Moving the British Open
Breaching ethics rules
Wood apparently raised the issue anyways
Incidents of corruption
Other problems raised by the 2019 report
We really don't know how bad things were
Guided by
More will come to light
Trump's $1.6 billlion payday
How much did Trump take home?
You might not have heard about this...

There was a huge story that hardly got the attention it deserved in 2023: an astounding report from the Citizens for Responsibility and Ethics in Washington regarding the hundreds of millions Donald Trump's businesses made from foreign governments while in office.

This is how much the former president made

Former President Trump took in roughly $160 million dollars from his business dealings outside the United States while President according to the report, which looked at a variety of transactions from foreign governments made to Trump's various businesses.

Citizens for Responsibility and Ethics in Washington

Citizens for Responsibility and Ethics in Washington (CREW) is a nonprofit organization that investigates corruption in American politics and they released a damaging report in April, 2023 on Trump’s international business dealings while in office. 

Studying the former president's tax returns and financial data

According to CREW, the former president’s tax returns and financial data from the years he was in the Oval Office showed that he pulled in hundreds of millions of dollars in business earnings from foreign countries, many of which he had major conflicts of interest in. 

Where did the money come from?

About one-third of the cash came from Trump’s Aberdeen and Turnberry golf course in Scotland, which netted the former president $58 million, while a now-closed hotel in Vancouver brought in $36.5 million from Canada. 

Trump shouldn't have been earning this cash

The former president made $24.4 million in Ireland as well as another $9.7 million in Indonesia and 9.6 million in India, money which CREW’s Rebbecca Jacobs and Robert Maguire say Trump should have never been allowed to earn. 

Its tough to tie any money to misconduct

While the report couldn’t directly tie the money from the former president’s international business dealings to any quid pro quo political arrangement, it did address Trump's many conflicts of interest and suggest it wasn’t all earned in good faith. 

Trump had lots of conflicts of interest

“Throughout his time in office, President Trump, his family, and his Republican allies repeatedly assured the public that his refusal to divest from his businesses wouldn’t lead to any conflicts of interest,” Jacobs and Maguire’s report read. 

Trump never paused his foreign business

“When it came to foreign conflicts of interest, Trump and his company pledged to pause foreign business. They did not,” the report added before listing some of the most glaring issues that occurred during the former president’s time in office. 

A example of alleged corruption

A good example of the former president’s obvious conflicts of interest came in 2018 when he allegedly asked the then-U.S. Ambassador to the United Kingdom to change the location of the British Open to his Turnberry golf resort in Scotland. 

Moving the British Open

According to NPR’s Frank Langfitt, Ambassador Robert Wood Johnson VI told embassy staff that Trump was a friend and had asked him to get the tournament's venue moved. 

Breaching ethics rules

"I advised him that doing so would violate federal ethics rules and be generally inappropriate," Lewis Lukens, a prominent embassy official wrote in a text to NPR confirming the story. 

Wood apparently raised the issue anyways

Ambassador Wood still raised the issue with Scotland's Secretary of State David Mundell, but Langfitt noted that the British government refuted the claim in a statement, saying “Johnson made no request regarding the British Open or any other sporting event."

Incidents of corruption

According to a 2019 CREWS report, the former president has had thousands of interactions like the one in 2018 with 2222 recorded incidents of Trump properties being visited by government officials and 272 governmental events being held at Trump properties. 

Other problems raised by the 2019 report

The 2019 report also noted that there had been hundreds of incidents where political officials used their platform to promote the Trump Organization or foreign governments granted foreign trademarks to the Trump brand.  

We really don't know how bad things were

“The full extent to which Trump’s foreign business ties influenced his decision-making as president may never be known," wrote Jacobs and Maguire.

Guided by "parochial concerns"

However, the CREWS investigators added that there was "plenty of evidence that Trump’s actions in the White House were influenced–if not guided–by his financial interests, subverting the national interests for his own parochial concerns."

More will come to light

Jacobs and Maguire finished their report by adding that there was likely still left to be learned about how Trump “truly abused the presidency for his own personal profit.”

Trump's $1.6 billlion payday

In February 2021, CREWS' Jordan Libowitz and Caitlin Moniz released a different report on the amount of money Trump made during his time in office, a number that reached $1.6 billion in outside revenue and income" throughout the four years of his presidency.

How much did Trump take home?

The Trump Organization earned at least $1,613,583,013  according to the report while the former president claimed $1,790,614,202 but the report's authors noted it was difficult to know for sure how much Trump took home from that number due to the vague nature of some of the items claimed as well as the structure of his business.

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