Trump's business empire deepens conflict-of-interest concerns as second term unfolds

The president's refusal to divest from hundreds of holdings, including crypto ventures and media assets, keeps governance risks in focus for investors tracking policy exposure.

By Handelsavisen Newsroom · Automated 2026-07-09 15:29 UTC · 1 min read

US President Donald Trump has maintained control over a sprawling business portfolio comprising hundreds of companies and holdings, rather than divesting as previous administrations typically did.

This decision has intensified scrutiny over potential conflicts of interest between his official duties and private financial interests.

4 billion from these digital asset and meme-coin related activities in 2025 alone.

The scope of the empire includes significant positions in Apple Inc. stock, commemorative coin sales, and a complex web of cryptocurrency ventures.

According to a recently released 927-page ethics filing, Trump generated at least $1.4 billion from these digital asset and meme-coin related activities in 2025 alone.

The disclosure highlights royalties and direct holdings that continue to grow while he holds office.

Handelsblatt’s analysis of the firm structure underscores the breadth of these entanglements, noting that the president has not separated his personal wealth from the executive branch during his second term.