U.S. President Donald Trump has purchased at least $82 million worth of corporate and municipal bonds from late August to early October, according to new financial disclosures made public on Saturday.
The filings, released by the Office of Government Ethics, show a sweeping investment spree across industries already boosted by Trump-era policy shifts.
The disclosures, required under the 1978 Ethics in Government Act, show Trump made over 175 financial purchases between August 28 and October 2.
The forms do not list exact figures for each transaction but provide wide value ranges. Based on the highest amounts in those ranges, the maximum total value of the bond purchases exceeds $337 million.
Where Trump invested
Most assets listed in the documents are bonds issued by municipalities, states, counties, school districts or other public-sector entities.
Trump’s private bond purchases span sectors that have either benefited—or continue to benefit—from his administration’s policies, including:
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Chipmakers: Broadcom, Qualcomm
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Tech firms: Meta Platforms
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Retailers: Home Depot, CVS Health
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Wall Street banks: Goldman Sachs, Morgan Stanley
He also bought JP Morgan bonds in late August—days before publicly urging the Justice Department to investigate the bank over ties to Jeffrey Epstein. The bank has previously said it regrets its past relationship and denies facilitating any crimes
Trump additionally acquired Intel bonds, shortly after the U.S. government purchased a stake in the firm under his directive.
White House response
The White House did not comment on Saturday, but officials have repeatedly said Trump continues to file mandatory disclosures and does not personally manage his investment portfolio, which is handled by a third-party institution.
Trump has previously claimed his companies were placed in a trust overseen by his children after he entered public office.
A disclosure filed in August showed Trump had already purchased over $100 million in bonds since returning to the presidency on January 20.
His annual disclosure in June reported:
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More than $600 million in income in 2024
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Major earnings from cryptocurrencies, golf properties, licensing deals, and other ventures
The filing also showed Trump’s push into crypto has substantially boosted his personal wealth.
Overall, his 2024 disclosure recorded at least $1.6 billion in assets, according to a Reuters calculation.
