Trump Has Now Shifted $1.3M Of Campaign-Donor Money Into His Business

  • 📰 Forbes
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 53%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Donald Trump has charged his own reelection campaign $1.3 million for rent, food, lodging and other expenses since taking office, according to a Forbes analysis of the latest campaign filings.

PHOENIX, AZ U.S. President Donald J. Trump speaks to crowd of supporters at the Phoenix Convention Center during a 2020 Trump rally. Donald Trump has charged his own reelection campaign $1.3 million for rent, food, lodging and other expenses since taking office, according to aanalysis of the latest campaign filings. And although outsiders have contributed more than $50 million to the campaign, the billionaire president hasn’t handed over any of his own cash. The net effect: $1.

At first, he acted like it, spending $50 million of his own money from April 2015 to June 2016. But the following month, when he was officially named the Republican nominee for president, his financing model changed. From July to November of 2016, outsiders contributed $234 million while Trump put up just $16 million.

In addition, the campaign has paid $54,000 to Trump Plaza LLC, which controls a property that includes two brownstone apartment buildings in New York City. The reason for those payments, which are listed as “rent,” remains unclear.staked out the property for 14 hours on a November day but still could not pin down what exactly the campaign was renting. A person working behind the front desk couldn’t make sense of it either.

Inside the building lie clues to the purpose of the payments. Near Trump Grill and Trump’s Ice Cream Parlor, there’s a kiosk where tourists can buy T-shirts, hats and other campaign memorabilia. The fine print at the bottom of a poster next to the stand says “Paid for by Donald J. Trump for President, Inc.” — the official name for the president’s 2020 campaign committee.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The same magazine that put Trump into the wishful 400 million worth category ?

Alot of small minded people on here that doesnt understand business,what do you think hes gona outsource the rent ,food and management of his own campaigns when he can do it himself. Hes just paying his companies back for hosting/manage every thing. Whats so terrible bout this.

You got him now 😳

Anyone ready for Trump posts to end? It’s like a wave of journalists writing the same story/ topic every single day.. Forbes, how about you do an article on Nebraska and what people can do to help.

Between early-2011 and June 30, 2012, the Obama campaign and supporters spent approximately $400 million, according to the Federal Election Commission. Guarantee realDonaldTrump will spend a fraction of this.

Would like comparison to other campaigns-donors before I form an opinion on this info. realDonaldTrump had record lows compared to the other campaigns during the primary. O'Rourke spent $70.2 million on his bid for just a Senate seat.

“I don’t need anybody’s money.” He either doesn’t have it, or only wants to waste the dollars donated on a campaign.

So what? His donors don't care.

I can’t! IDIOTS

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines