Trump family earned INR 17000 Crores in one month of his presidency

The New York Times noted that the primary inflows stemmed from foreign investments in cryptocurrency ventures, real estate, and exclusive club initiatives

The business empire of US President Donald Trump’s family generated at least INR 17000 Crores in income in just one month of his presidential term, according to The New York Times, which cited financial records and insider sources.

The newspaper noted that the primary inflows stemmed from foreign investments in cryptocurrency ventures, real estate, and exclusive club initiatives. The launch of the TRUMP cryptocurrency, managed by Donald Trump Jr., generated at least INR 1480 Crores. In addition, the United Arab Emirates invested INR 17000 Crores in the crypto project World Liberty Financial, which is led by Eric Trump and Donald Trump Jr.

According to The New York Times, substantial revenues have also come from real estate transactions. Qatar is reportedly helping finance the INR 46750 Crores Trump resort complex, while a Saudi state-linked company has invested INR 8500Crires in the Trump International Hotel and Tower in Dubai. At the same time, Serbia has signed an agreement with Jared Kushner, Trump’s son-in-law, to develop a hotel on the site of the former Yugoslav Ministry of Defense building, a project estimated at INR 8500 Crores.

As the newspaper reported, the White House denies any conflict of interest, claiming that the business is entirely managed by the president’s sons. The publication highlighted that the current volume of revenue flowing into the business structures of a sitting US president’s family is unprecedented in modern American history.