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Welcome to The Logoff: Donald Trump is making large bucks off of the presidency.
What’s occurring? The president’s profiteering isn’t new, however monetary disclosures launched final night time shed new mild on precisely how a lot cash Trump is making in workplace. The whole for 2025: $2.2 billion, virtually 4 occasions as a lot because the $622 million in income he reported in 2024.
That complete contains greater than $1.4 billion from two Trump household cryptocurrency initiatives — one in all which is World Liberty Monetary, which is 49 % owned by the royal household of the United Arab Emirates. (That stake was bought secretly simply days earlier than Trump’s 2025 inauguration, because the Wall Road Journal has reported, and shortly afterward, the Trump administration granted the UAE entry to superior AI chips.)
What’s the context? As astonishing as that quantity is, it doesn’t fairly seize the complete scope of Trump’s graft. Since final yr, the New Yorker’s David D. Kirkpatrick has been maintaining shut observe of all of the president’s self-enrichment schemes — plus these by his fast household, from his sons Don Jr. and Eric Trump to his son-in-law (and Center East peace negotiator) Jared Kushner.
What else ought to I do know? Along with enriching himself and his household straight, Trump has spent a lot of his second time period as president utilizing the federal government, and US tax {dollars}, as a piggy financial institution for his private initiatives. That features greater than 1,000,000 {dollars} in nationwide parks charges put towards purely aesthetic renovations on the White Home — which he mentioned he would pay for himself.
And with that, it’s time to log out…
It’s, in some way, already July, so right now I wished to share a present hyperlink to my colleague Allie Volpe’s recommendation on how to consider your summer time if you happen to’re already pre-grieving its finish. (It additionally provides me an opportunity to share this Calvin & Hobbes strip about the identical topic, which captures my actual emotions.)
Plus, a World Cup factor: It’s match day for the USA! In the event that they win tonight, all three host groups will undergo to the spherical of 16. Right here’s what the celebration regarded like in Mexico Metropolis final night time after they defeated Ecuador to qualify.
Have an incredible night, and we’ll see you again right here tomorrow!
