How Donald Trump Moved Millions From His Campaign Donors To His Private Business

  • 📰 Forbes
  • ⏱ Reading Time:
  • 62 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

Millions from his campaign, millions from the RNC, millions from committees. While other billionaires spend big on the election, the Donald is raking it in.

Erik McGregor/LightRocket via Getty Imagesonald Trump has not given a dime to his reelection campaign, opting instead to fund the entire effort with his donors’ money. His business, meanwhile, has continued to charge the campaign for things like food, lodging and rent. The result is that $2.2 million of contributions from other people has turned into $2.2 million of revenue for Trump.

It’s a meaningful sum, even for a large business. Consider the payments to Trump National Doral, the president’s golf resort in Miami. In 2017, Trump’s first year leading the country, revenues at Doral dropped from $88 million to $75 million, dragging profits down from $12.4 million to just $4.3 million. The next year, the RNC, which had spent just $3,000 at the property in 2017, upped its expenditures to $603,000.

Trump Bedminster's customers include Trump Victory, one of the president's joint fundraising committees.It's not the only Trump asset getting political payouts. While the Trump Organization was working to fill space inside Trump Tower, the president’s reelection campaign remained a reliable tenant, spending about $38,000 on rent per month. More than three years after Trump became president, those payments now total $1.5 million, an even bigger haul than the amount that went to Doral.

The reelection campaign hasn’t spent much money at Mar-a-Lago. But Trump Victory, one of its joint fundraising committees, has picked up the slack and shelled out $345,000 since Trump took office, according to the review of filings. The RNC chipped in $290,000 as well.Wang Yingh / Newscom

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 US
 

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

Sounds all ‘legit’ - question is a moral one for now He’s worked out the system and stretched it,so unless laws change, this type of s*t won’t change and will only get worse in years to come now the genie is out.

Forbes political writer Jack Brewster jbruce218 is using unsourced documents to make sensational political statements. this is pure propaganda for political gain. be careful who you follow.

Public deception by Forbes.

Where is the Journalistic masterpiece on how the Clintons went and broke and came out millionaires?

I'm so sick of this shit. He's got to go.

How how HOW?!

✅ RICO ✅ Campaign Finances ✅ Money Laundering ✅ Tax Evasion TrumpCrimeFamilyForPrison

I'd like to know why you tube has lots of fake videos that give the impression were going to war with china,,.

Don't forget to do BLM and actblue and how much the Dems raked in

United States United States Latest News, United States United States Headlines