Leading up to the 2024 election, Donald Trump faced financial strain from judgments and indictments. A major civil fraud ruling and defamation lawsuits left him owing hundreds of millions. Declining profits from his existing ventures prompted a shift in strategy.
Trump and his sons refocused the family business on cryptocurrency and the Trump brand, attracting investors. This strategy enriched Trump personally. New ventures, including branded products, expanded his licensing footprint.
Trump's moves into crypto and media rely on his brand to attract customers. He owns a significant stake in the company behind Truth Social. These ventures are now intertwined with potential conflicts of interest.
The viability of these new businesses is uncertain, but the influx of cash appears to cover legal and financial obligations. Trump's sons manage his business assets.
Reliable long-term deals were drying up, and vacancies at his properties weren't generating enough income. After selling the Old Post Office, Trump received significantly less than he invested.
The Trump Organization has secured international deals, and Saudi Arabian support has aided his golf courses. A judge found Trump defrauded banks by inflating asset values, calling his persona a "fantasy" built on fraud.
5 Comments
Michelangelo
Trump's reliance on foreign support for his businesses raises questions about his independence as a businessman.
Leonardo
Trump's business decisions now seem driven more by necessity than by genuine innovation.
Raphael
His defiance in the face of these legal challenges is intriguing, but I worry for what it means for his future.
Donatello
People are just mad because he’s managed to pivot while others fail.
Raphael
It's fascinating but worrisome to see how intertwined his business interests are with his legal battles.