Trump’s Donors Funnel $10.5 Million Into His Businesses During His Presidency

  • Date: 27-Dec-2020
  • Source: Huffpost
  • Sector:Economy
  • Country:Middle East
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Trump’s Donors Funnel $10.5 Million Into His Businesses During His Presidency

WASHINGTON — President Donald Trump's donors — the vast majority of whom are working-class supporters and retirees contributing just a few dollars a month — put $10.5 million into the erstwhile billionaire's own personal businesses over the course of his presidency, a HuffPost analysis found.

Some $8.5 million came from the Trump campaign and related entities that Trump controls directly. Another $2 million came from other Republican candidates and committees. 

Through a trust that he controls, Trump owns the hotels, golf courses and buildings that received the money, with every penny of profit flowing to him personally.

Since losing reelection to Democrat Joe Biden, Trump has continued his fundraising, with the vast majority of the money going into a virtual slush fund that Trump can legally use for just about any purpose — from McDonald's Quarter Pounders to jet fuel for his airplane to hush money payments to women.

“If you're a hammer, everything looks like a nail. If you're Donald Trump, everything looks like a chance to make money,” said Jordan Libowitz with Citizens for Responsibility and Ethics in Washington, a watchdog group that has filed multiple lawsuits to obtain details of government spending at Trump's businesses.

The HuffPost analysis is based on a