Donald Trump’s Billion-Dollar Windfall After Election Is Just the Start

Bloomberg11-08

From his social-media network to real estate and crypto, the former president’s return to the White House will give him power to leverage his array of assets.Photo Illustration by 731. Photos: Getty ...

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MIe
11-08
MIe
Djt + x potential from 2025 ....

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Photos: Getty ...</p>\n\n<a href=\"https://www.bloomberg.com/news/features/2024-11-07/donald-trump-net-worth-djt-mar-a-lago-among-assets-to-benefit-from-presidency?srnd=homepage-americas\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Donald Trump’s Billion-Dollar Windfall After Election Is Just the Start</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDonald Trump’s Billion-Dollar Windfall After Election Is Just the Start\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-08 15:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/features/2024-11-07/donald-trump-net-worth-djt-mar-a-lago-among-assets-to-benefit-from-presidency?srnd=homepage-americas><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>From his social-media network to real estate and crypto, the former president’s return to the White House will give him power to leverage his array of assets.Photo Illustration by 731. Photos: Getty ...</p>\n\n<a href=\"https://www.bloomberg.com/news/features/2024-11-07/donald-trump-net-worth-djt-mar-a-lago-among-assets-to-benefit-from-presidency?srnd=homepage-americas\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DJT","symbol_name":"特朗普媒体科技集团","start_time":0,"source_url":"https://www.bloomberg.com/news/features/2024-11-07/donald-trump-net-worth-djt-mar-a-lago-among-assets-to-benefit-from-presidency?srnd=homepage-americas","article_id":"1184470882","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1184470882","pubTimestamp":1731049502,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"From his social-media network to real estate and crypto, the former president’s return to the White House will give him powerto leverage his array of assets.Photo Illustration by 731. Photos: Getty Im","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DJT":"特朗普媒体科技集团","TSLA":"特斯拉"},"translate_title":"唐纳德·特朗普当选后的数十亿美元意外之财只是一个开始","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DJT":1.1,"TSLA":1.1},"content_text":"From his social-media network to real estate and crypto, the former president’s return to the White House will give him power to leverage his array of assets.Photo Illustration by 731. Photos: Getty ImagesHours before polls closed on Election Day, Donald Trump’s social media company reported a bleak financial update: It had lost $363 million in the first nine months of 2024 on just $2.6 million of sales.Less than 12 hours later, as it became clear the former president was heading back to the White House in a resounding win, the shares soared 60%, adding an instant $2.4 billion to Trump’s paper wealth.Markets have always moved in anticipation of who’s going to be in power in Washington. But there’s never been a more clear-cut way to put a value on the US presidency itself than by looking at Trump’s personal fortune, estimated at $6.7 billion by the Bloomberg Billionaires Index.Trump’s victory will bolster an empire that spans media, real estate and crypto, and which to a large extent relies on his image, his brand, and most of all, his political power. Coupled with an ability now to impede the multiple legal entanglements that threatened his business and his freedom, the outlook for his many ventures has never been brighter.Among the presidency’s benefits, the bully pulpit will likely create a huge advantage in tough negotiations regarding some of his real estate assets. Property experts have said Mar-a-Lago, Trump’s Palm Beach club, is worth more because of his position at the center of Republican politics. And that’s to say nothing of investors — American or otherwise — who might seek to partner with him as a way of getting access to the White House.“Maybe he’ll be worth $100 billion — I don’t know, he’ll figure it out, he really will,” said Louise Sunshine, a former Trump Organization executive vice president who helped develop Trump Tower. “He’s going to be richer and more powerful than ever.”Donald Trump arrives at an election night watch party at the Palm Beach Convention Center.The dramatic surge in shares of Trump Media & Technology Group — better known by its ticker, DJT — proved fleeting in Wednesday’s trading, with the stock ending up 5.8%.But experts say that regaining the presidency means Trump, 78, is just beginning to reap the financial rewards of his remarkable political comeback.Eric Trump, executive vice president of the Trump Organization, didn’t reply to a request for comment.Trump MediaThe most obvious gain to Trump’s wealth is already playing out. Trump Media was his biggest asset on Election Day, worth $3.9 billion. It has long traded independently of its fundamentals, more often mirroring betting markets tied to Trump’s return to the White House.Whether the company can continue at its market capitalization of almost $8 billion is an open question. On Tuesday, Trump Media reported losing $19 million in the third quarter on revenue of just $1 million, indicating little demand for advertising on the Truth Social network even in the middle of an election season.A sign featuring Donald Trump on a Moonshot booth during the Bitcoin 2024 conference in Nashville.There has been occasional, unsubstantiated speculation that Elon Musk, Trump’s most prominent billionaire backer, could combine Truth Social with his X website. (Neither side has acknowledged such rumors, though Truth Social said this week that it “continues to explore additional possibilities for growth such as potential mergers and acquisitions.”)Trump’s business history has had its fair share of failures, many attempting to capitalize on the popularity of The Apprentice by stamping his name on products like Trump Vodka, Trump Steaks and Trump University. There’s still some of that evident today, like a Trump-endorsed Bible, from which Trump earned $300,000.But crypto opened up a new, lucrative way to sell the Trump brand.Crypto VenturesTrump’s NFT collections — digital trading cards showing images of him in various poses and costumes that sold for $99 each — added up to $7.2 million in income, according to his August ethics disclosure.“While Trump’s victory would tangentially affect collections related to him, they are mostly nostalgia-based and have no strong correlation to the election long term,” said Sasha Fleyshman, a portfolio manager at Arca.Cards featuring images of Donald Trump and Ross Ulbricht, creator of Silk Road, displayed for sale at the Bitcoin 2024 conference in Nashville.There’s also World Liberty Financial, a project that’s already sold millions of dollars worth of tokens to fund a yet-to-be created platform for borrowing and lending crypto. Trump has embraced crypto and pledged to take actions supportive of the industry, like firing US Securities and Exchange Commission Chairman Gary Gensler.Mar-a-LagoThen there’s Mar-a-Lago, the site of Trump’s election watch party. It has always been prime real estate — but being the US president’s winter White House takes its value to another level.He spent long periods there during his first term, where he planned several major moves like the assassination of a senior Iranian general. It became an essential stop for business executives, lobbyists and foreign emissaries hoping to get access to Trump. Even after his defeat in 2020, it remained core to his image.Mar-a-Lago resort in Palm Beach, Florida.Mar-a-Lago, which the Bloomberg Billionaires Index values at $250 million, collected $56 million in the 16 months starting in January 2023, according to his most recent ethics disclosure, compared with $21 million in 2021.In a June interview with Bloomberg, Trump’s club manager said the cost of a new membership at Mar-a-Lago was being raised from $700,000 to $1 million in October. It was $100,000 before he won in 2016.Real EstateTrump’s New York properties will also benefit from having a sitting president as owner. One is 40 Wall Street, his commercial office building in downtown Manhattan.Occupancy in June was 74%, down from 98% in 2015, when its $160 million loan was originated. Office towers have taken blows from post-Covid remote work and high interest rates, with downtown Manhattan one of New York’s harder-hit areas. According to the most recent loan commentary, the 1920s Art Deco building was only making enough in June to cover 62% of its debt costs.The Trump Building at 40 Wall Street in the Financial District of New York.With Trump as president, “any kind of aggressive action by a lender, or a ground lessor, will be difficult to pursue for obvious reasons,” said Ruth Colp-Haber, CEO of brokerage Wharton Property Advisors.Even Trump Tower has lingering concerns. The Trump Organization extended its lease with Gucci in 2020 in exchange for a rent cut. But in January, Gucci parent Kering SA bought 715-717 Fifth Ave., directly across the street, for $963 million. If the luxury brand moved, Trump’s most iconic Manhattan building would lose its key retail tenant. But doing so now would risk bigger consequences than if he was a private citizen.“To become president is to have the ultimate leverage,” Colp-Haber said.Foreign InvestmentsThat kind of clout also extends beyond US borders.During Trump’s first term, he put his business in a trust and passed control over to his two sons as a way of protecting against potential conflicts of interest. In October, Eric Trump suggested to the New York Times that any constraints placed upon the business might be weaker this time around.Donald Trump plays golf at Trump National Doral Miami golf club on October 27, 2022 in Miami.“The first term, we did everything imaginable to avoid any appearance of impropriety, and frankly, we got crushed anyway,” he said.The Trump Organization since 2020 has increased its foreign ventures, which stand to benefit from another four years in the White House. This year alone it announced it was partnering on a golf and hotel development in Vietnam and residential tower in Saudi Arabia, and his financial disclosure lists millions coming in from licensing agreements in India, Oman and Dubai. Closer to home, one of his most valuable assets, Trump Doral, is among three of his golf properties that have hosted events by Saudi-backed LIV Golf.Legal ChallengesOne area that’s harder to quantify in dollar terms is the president’s ability to avoid legal challenges.Trump will have ultimate authority over the US Justice Department, and sitting presidents are shielded from prosecution in office. He’ll have the means to dismiss or at least stall indefinitely his grinding criminal cases, avoiding the threat of years behind bars, and can order his attorney general to drop a pair of federal indictments that accuse him of trying to overturn his 2020 election loss and mishandling classified information.The motorcade carrying Donald Trump after a New York jury found him guilty of multiple felonies at his hush-money trial in New York.Trump won’t have the same power over his criminal cases in state courts, including the so-called hush-money case in which he was convicted on 34 felony counts in May. But he’ll still have powerful constitutional arguments for asking to have those tossed out too, meaning his sentencing set for Nov. 26 in New York isn’t likely to happen.“I think power is more intriguing to him these days than money,” said Sunshine, the former Trump Organization executive. “Power is better than money sometimes.”","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":368705851973704,"gmtCreate":1731053989959,"gmtModify":1731053993146,"author":{"id":"3577182936341023","authorId":"3577182936341023","name":"MIe","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":0,"idStr":"3577182936341023","authorIdStr":"3577182936341023"},"htmlText":"Djt + x potential from 2025 ....&nbsp;","listText":"Djt + x potential from 2025 ....&nbsp;","text":"Djt + x potential from 2025 ....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/368705851973704","repostId":1184470882,"repostType":2,"repost":{"id":"1184470882","kind":"news","pubTimestamp":1731049502,"share":"https://ttm.financial/m/news/1184470882?lang=&edition=fundamental","pubTime":"2024-11-08 15:05","market":"us","language":"en","title":"Donald Trump’s Billion-Dollar Windfall After Election Is Just the Start","url":"https://stock-news.laohu8.com/highlight/detail?id=1184470882","media":"Bloomberg","summary":"From his social-media network to real estate and crypto, the former president’s return to the White House will give him powerto leverage his array of assets.Photo Illustration by 731. Photos: Getty Im","content":"<html><head></head><body><p>From his social-media network to real estate and crypto, the former president’s return to the White House will give him power to leverage his array of assets.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3a8f22e1067599058227ab4b98ab36ea\" alt=\"Photo Illustration by 731. Photos: Getty Images\" title=\"Photo Illustration by 731. Photos: Getty Images\" tg-width=\"2200\" tg-height=\"1468\"/><span>Photo Illustration by 731. Photos: Getty Images</span></p><p style=\"text-align: start;\">Hours before polls closed on Election Day, Donald Trump’s social media company reported a bleak financial update: It had lost $363 million in the first nine months of 2024 on just $2.6 million of sales.</p><p style=\"text-align: start;\">Less than 12 hours later, as it became clear the former president was heading back to the White House in a resounding win, the shares soared 60%, adding an instant $2.4 billion to Trump’s paper wealth.</p><p style=\"text-align: start;\">Markets have always moved in anticipation of who’s going to be in power in Washington. But there’s never been a more clear-cut way to put a value on the US presidency itself than by looking at Trump’s personal fortune, estimated at $6.7 billion by the Bloomberg Billionaires Index.</p><p style=\"text-align: start;\">Trump’s victory will bolster an empire that spans media, real estate and crypto, and which to a large extent relies on his image, his brand, and most of all, his political power. Coupled with an ability now to impede the multiple legal entanglements that threatened his business and his freedom, the outlook for his many ventures has never been brighter.</p><p>Among the presidency’s benefits, the bully pulpit will likely create a huge advantage in tough negotiations regarding some of his real estate assets. Property experts have said Mar-a-Lago, Trump’s Palm Beach club, is worth more because of his position at the center of Republican politics. And that’s to say nothing of investors — American or otherwise — who might seek to partner with him as a way of getting access to the White House.</p><p style=\"text-align: start;\">“Maybe he’ll be worth $100 billion — I don’t know, he’ll figure it out, he really will,” said Louise Sunshine, a former Trump Organization executive vice president who helped develop Trump Tower. “He’s going to be richer and more powerful than ever.”</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7818a4b6c1e71e7b7c9690ded18ff37f\" alt=\"Donald Trump arrives at an election night watch party at the Palm Beach Convention Center.\" title=\"Donald Trump arrives at an election night watch party at the Palm Beach Convention Center.\" tg-width=\"2000\" tg-height=\"1333\"/><span>Donald Trump arrives at an election night watch party at the Palm Beach Convention Center.</span></p><p>The dramatic surge in shares of Trump Media &amp; Technology Group — better known by its ticker, DJT — proved fleeting in Wednesday’s trading, with the stock ending up 5.8%.</p><p style=\"text-align: start;\">But experts say that regaining the presidency means Trump, 78, is just beginning to reap the financial rewards of his remarkable political comeback.</p><p style=\"text-align: start;\">Eric Trump, executive vice president of the Trump Organization, didn’t reply to a request for comment.</p><h3 id=\"id_2513345435\" style=\"text-align: start;\">Trump Media</h3><p style=\"text-align: start;\">The most obvious gain to Trump’s wealth is already playing out. Trump Media was his biggest asset on Election Day, worth $3.9 billion. It has long traded independently of its fundamentals, more often mirroring betting markets tied to Trump’s return to the White House.</p><p>Whether the company can continue at its market capitalization of almost $8 billion is an open question. On Tuesday, Trump Media reported losing $19 million in the third quarter on revenue of just $1 million, indicating little demand for advertising on the Truth Social network even in the middle of an election season.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b7903a24c4c7d7350cfae64111041865\" alt=\"A sign featuring Donald Trump on a Moonshot booth during the Bitcoin 2024 conference in Nashville.\" title=\"A sign featuring Donald Trump on a Moonshot booth during the Bitcoin 2024 conference in Nashville.\" tg-width=\"2000\" tg-height=\"1333\"/><span>A sign featuring Donald Trump on a Moonshot booth during the Bitcoin 2024 conference in Nashville.</span></p><p style=\"text-align: start;\">There has been occasional, unsubstantiated speculation that Elon Musk, Trump’s most prominent billionaire backer, could combine Truth Social with his X website. (Neither side has acknowledged such rumors, though Truth Social said this week that it “continues to explore additional possibilities for growth such as potential mergers and acquisitions.”)</p><p style=\"text-align: start;\">Trump’s business history has had its fair share of failures, many attempting to capitalize on the popularity of <em>The Apprentice</em> by stamping his name on products like Trump Vodka, Trump Steaks and Trump University. There’s still some of that evident today, like a Trump-endorsed Bible, from which Trump earned $300,000.</p><p>But crypto opened up a new, lucrative way to sell the Trump brand.</p><h3 id=\"id_869614427\" style=\"text-align: start;\">Crypto Ventures</h3><p style=\"text-align: start;\">Trump’s NFT collections — digital trading cards showing images of him in various poses and costumes that sold for $99 each — added up to $7.2 million in income, according to his August ethics disclosure.</p><p style=\"text-align: start;\">“While Trump’s victory would tangentially affect collections related to him, they are mostly nostalgia-based and have no strong correlation to the election long term,” said Sasha Fleyshman, a portfolio manager at Arca.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d8be8621023e7aa94ee3deb8390e69e8\" alt=\"Cards featuring images of Donald Trump and Ross Ulbricht, creator of Silk Road, displayed for sale at the Bitcoin 2024 conference in Nashville.\" title=\"Cards featuring images of Donald Trump and Ross Ulbricht, creator of Silk Road, displayed for sale at the Bitcoin 2024 conference in Nashville.\" tg-width=\"2000\" tg-height=\"1333\"/><span>Cards featuring images of Donald Trump and Ross Ulbricht, creator of Silk Road, displayed for sale at the Bitcoin 2024 conference in Nashville.</span></p><p>There’s also World Liberty Financial, a project that’s already sold millions of dollars worth of tokens to fund a yet-to-be created platform for borrowing and lending crypto. Trump has embraced crypto and pledged to take actions supportive of the industry, like firing US Securities and Exchange Commission Chairman Gary Gensler.</p><h3 id=\"id_2033695345\" style=\"text-align: start;\">Mar-a-Lago</h3><p style=\"text-align: start;\">Then there’s Mar-a-Lago, the site of Trump’s election watch party. It has always been prime real estate — but being the US president’s winter White House takes its value to another level.</p><p style=\"text-align: start;\">He spent long periods there during his first term, where he planned several major moves like the assassination of a senior Iranian general. It became an essential stop for business executives, lobbyists and foreign emissaries hoping to get access to Trump. Even after his defeat in 2020, it remained core to his image.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0d96d3fb7090db772e13f69c83e0deff\" alt=\"Mar-a-Lago resort in Palm Beach, Florida.\" title=\"Mar-a-Lago resort in Palm Beach, Florida.\" tg-width=\"2000\" tg-height=\"1333\"/><span>Mar-a-Lago resort in Palm Beach, Florida.</span></p><p style=\"text-align: start;\">Mar-a-Lago, which the Bloomberg Billionaires Index values at $250 million, collected $56 million in the 16 months starting in January 2023, according to his most recent ethics disclosure, compared with $21 million in 2021.</p><p style=\"text-align: start;\">In a June interview with Bloomberg, Trump’s club manager said the cost of a new membership at Mar-a-Lago was being raised from $700,000 to $1 million in October. It was $100,000 before he won in 2016.</p><h3 id=\"id_680342481\" style=\"text-align: start;\">Real Estate</h3><p style=\"text-align: start;\">Trump’s New York properties will also benefit from having a sitting president as owner. One is 40 Wall Street, his commercial office building in downtown Manhattan.</p><p style=\"text-align: start;\">Occupancy in June was 74%, down from 98% in 2015, when its $160 million loan was originated. Office towers have taken blows from post-Covid remote work and high interest rates, with downtown Manhattan one of New York’s harder-hit areas. According to the most recent loan commentary, the 1920s Art Deco building was only making enough in June to cover 62% of its debt costs.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f9242b804dedcaf26a9ded6853ef7fc6\" alt=\"The Trump Building at 40 Wall Street in the Financial District of New York.\" title=\"The Trump Building at 40 Wall Street in the Financial District of New York.\" tg-width=\"2000\" tg-height=\"1335\"/><span>The Trump Building at 40 Wall Street in the Financial District of New York.</span></p><p>With Trump as president, “any kind of aggressive action by a lender, or a ground lessor, will be difficult to pursue for obvious reasons,” said Ruth Colp-Haber, CEO of brokerage Wharton Property Advisors.</p><p>Even Trump Tower has lingering concerns. The Trump Organization extended its lease with Gucci in 2020 in exchange for a rent cut. But in January, Gucci parent Kering SA bought 715-717 Fifth Ave., directly across the street, for $963 million. If the luxury brand moved, Trump’s most iconic Manhattan building would lose its key retail tenant. But doing so now would risk bigger consequences than if he was a private citizen.</p><p style=\"text-align: start;\">“To become president is to have the ultimate leverage,” Colp-Haber said.</p><h3 id=\"id_1671313493\" style=\"text-align: start;\">Foreign Investments</h3><p style=\"text-align: start;\">That kind of clout also extends beyond US borders.</p><p style=\"text-align: start;\">During Trump’s first term, he put his business in a trust and passed control over to his two sons as a way of protecting against potential conflicts of interest. In October, Eric Trump suggested to the New York Times that any constraints placed upon the business might be weaker this time around.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/50f9d3d733db09d9b0b279c388563007\" alt=\"Donald Trump plays golf at Trump National Doral Miami golf club on October 27, 2022 in Miami.\" title=\"Donald Trump plays golf at Trump National Doral Miami golf club on October 27, 2022 in Miami.\" tg-width=\"2000\" tg-height=\"1331\"/><span>Donald Trump plays golf at Trump National Doral Miami golf club on October 27, 2022 in Miami.</span></p><p>“The first term, we did everything imaginable to avoid any appearance of impropriety, and frankly, we got crushed anyway,” he said.</p><p style=\"text-align: start;\">The Trump Organization since 2020 has increased its foreign ventures, which stand to benefit from another four years in the White House. This year alone it announced it was partnering on a golf and hotel development in Vietnam and residential tower in Saudi Arabia, and his financial disclosure lists millions coming in from licensing agreements in India, Oman and Dubai. Closer to home, one of his most valuable assets, Trump Doral, is among three of his golf properties that have hosted events by Saudi-backed LIV Golf.</p><h3 id=\"id_3293004582\" style=\"text-align: start;\">Legal Challenges</h3><p style=\"text-align: start;\">One area that’s harder to quantify in dollar terms is the president’s ability to avoid legal challenges.</p><p style=\"text-align: start;\">Trump will have ultimate authority over the US Justice Department, and sitting presidents are shielded from prosecution in office. He’ll have the means to dismiss or at least stall indefinitely his grinding criminal cases, avoiding the threat of years behind bars, and can order his attorney general to drop a pair of federal indictments that accuse him of trying to overturn his 2020 election loss and mishandling classified information.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/83ac186cf45c8de629815ca28b29e031\" alt=\"The motorcade carrying Donald Trump after a New York jury found him guilty of multiple felonies at his hush-money trial in New York.\" title=\"The motorcade carrying Donald Trump after a New York jury found him guilty of multiple felonies at his hush-money trial in New York.\" tg-width=\"2000\" tg-height=\"1334\"/><span>The motorcade carrying Donald Trump after a New York jury found him guilty of multiple felonies at his hush-money trial in New York.</span></p><p>Trump won’t have the same power over his criminal cases in state courts, including the so-called hush-money case in which he was convicted on 34 felony counts in May. But he’ll still have powerful constitutional arguments for asking to have those tossed out too, meaning his sentencing set for Nov. 26 in New York isn’t likely to happen.</p><p style=\"text-align: start;\">“I think power is more intriguing to him these days than money,” said Sunshine, the former Trump Organization executive. “Power is better than money sometimes.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Donald Trump’s Billion-Dollar Windfall After Election Is Just the Start</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDonald Trump’s Billion-Dollar Windfall After Election Is Just the Start\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-08 15:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/features/2024-11-07/donald-trump-net-worth-djt-mar-a-lago-among-assets-to-benefit-from-presidency?srnd=homepage-americas><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>From his social-media network to real estate and crypto, the former president’s return to the White House will give him power to leverage his array of assets.Photo Illustration by 731. Photos: Getty ...</p>\n\n<a href=\"https://www.bloomberg.com/news/features/2024-11-07/donald-trump-net-worth-djt-mar-a-lago-among-assets-to-benefit-from-presidency?srnd=homepage-americas\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DJT":"特朗普媒体科技集团","TSLA":"特斯拉"},"source_url":"https://www.bloomberg.com/news/features/2024-11-07/donald-trump-net-worth-djt-mar-a-lago-among-assets-to-benefit-from-presidency?srnd=homepage-americas","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184470882","content_text":"From his social-media network to real estate and crypto, the former president’s return to the White House will give him power to leverage his array of assets.Photo Illustration by 731. Photos: Getty ImagesHours before polls closed on Election Day, Donald Trump’s social media company reported a bleak financial update: It had lost $363 million in the first nine months of 2024 on just $2.6 million of sales.Less than 12 hours later, as it became clear the former president was heading back to the White House in a resounding win, the shares soared 60%, adding an instant $2.4 billion to Trump’s paper wealth.Markets have always moved in anticipation of who’s going to be in power in Washington. But there’s never been a more clear-cut way to put a value on the US presidency itself than by looking at Trump’s personal fortune, estimated at $6.7 billion by the Bloomberg Billionaires Index.Trump’s victory will bolster an empire that spans media, real estate and crypto, and which to a large extent relies on his image, his brand, and most of all, his political power. Coupled with an ability now to impede the multiple legal entanglements that threatened his business and his freedom, the outlook for his many ventures has never been brighter.Among the presidency’s benefits, the bully pulpit will likely create a huge advantage in tough negotiations regarding some of his real estate assets. Property experts have said Mar-a-Lago, Trump’s Palm Beach club, is worth more because of his position at the center of Republican politics. And that’s to say nothing of investors — American or otherwise — who might seek to partner with him as a way of getting access to the White House.“Maybe he’ll be worth $100 billion — I don’t know, he’ll figure it out, he really will,” said Louise Sunshine, a former Trump Organization executive vice president who helped develop Trump Tower. “He’s going to be richer and more powerful than ever.”Donald Trump arrives at an election night watch party at the Palm Beach Convention Center.The dramatic surge in shares of Trump Media & Technology Group — better known by its ticker, DJT — proved fleeting in Wednesday’s trading, with the stock ending up 5.8%.But experts say that regaining the presidency means Trump, 78, is just beginning to reap the financial rewards of his remarkable political comeback.Eric Trump, executive vice president of the Trump Organization, didn’t reply to a request for comment.Trump MediaThe most obvious gain to Trump’s wealth is already playing out. Trump Media was his biggest asset on Election Day, worth $3.9 billion. It has long traded independently of its fundamentals, more often mirroring betting markets tied to Trump’s return to the White House.Whether the company can continue at its market capitalization of almost $8 billion is an open question. On Tuesday, Trump Media reported losing $19 million in the third quarter on revenue of just $1 million, indicating little demand for advertising on the Truth Social network even in the middle of an election season.A sign featuring Donald Trump on a Moonshot booth during the Bitcoin 2024 conference in Nashville.There has been occasional, unsubstantiated speculation that Elon Musk, Trump’s most prominent billionaire backer, could combine Truth Social with his X website. (Neither side has acknowledged such rumors, though Truth Social said this week that it “continues to explore additional possibilities for growth such as potential mergers and acquisitions.”)Trump’s business history has had its fair share of failures, many attempting to capitalize on the popularity of The Apprentice by stamping his name on products like Trump Vodka, Trump Steaks and Trump University. There’s still some of that evident today, like a Trump-endorsed Bible, from which Trump earned $300,000.But crypto opened up a new, lucrative way to sell the Trump brand.Crypto VenturesTrump’s NFT collections — digital trading cards showing images of him in various poses and costumes that sold for $99 each — added up to $7.2 million in income, according to his August ethics disclosure.“While Trump’s victory would tangentially affect collections related to him, they are mostly nostalgia-based and have no strong correlation to the election long term,” said Sasha Fleyshman, a portfolio manager at Arca.Cards featuring images of Donald Trump and Ross Ulbricht, creator of Silk Road, displayed for sale at the Bitcoin 2024 conference in Nashville.There’s also World Liberty Financial, a project that’s already sold millions of dollars worth of tokens to fund a yet-to-be created platform for borrowing and lending crypto. Trump has embraced crypto and pledged to take actions supportive of the industry, like firing US Securities and Exchange Commission Chairman Gary Gensler.Mar-a-LagoThen there’s Mar-a-Lago, the site of Trump’s election watch party. It has always been prime real estate — but being the US president’s winter White House takes its value to another level.He spent long periods there during his first term, where he planned several major moves like the assassination of a senior Iranian general. It became an essential stop for business executives, lobbyists and foreign emissaries hoping to get access to Trump. Even after his defeat in 2020, it remained core to his image.Mar-a-Lago resort in Palm Beach, Florida.Mar-a-Lago, which the Bloomberg Billionaires Index values at $250 million, collected $56 million in the 16 months starting in January 2023, according to his most recent ethics disclosure, compared with $21 million in 2021.In a June interview with Bloomberg, Trump’s club manager said the cost of a new membership at Mar-a-Lago was being raised from $700,000 to $1 million in October. It was $100,000 before he won in 2016.Real EstateTrump’s New York properties will also benefit from having a sitting president as owner. One is 40 Wall Street, his commercial office building in downtown Manhattan.Occupancy in June was 74%, down from 98% in 2015, when its $160 million loan was originated. Office towers have taken blows from post-Covid remote work and high interest rates, with downtown Manhattan one of New York’s harder-hit areas. According to the most recent loan commentary, the 1920s Art Deco building was only making enough in June to cover 62% of its debt costs.The Trump Building at 40 Wall Street in the Financial District of New York.With Trump as president, “any kind of aggressive action by a lender, or a ground lessor, will be difficult to pursue for obvious reasons,” said Ruth Colp-Haber, CEO of brokerage Wharton Property Advisors.Even Trump Tower has lingering concerns. The Trump Organization extended its lease with Gucci in 2020 in exchange for a rent cut. But in January, Gucci parent Kering SA bought 715-717 Fifth Ave., directly across the street, for $963 million. If the luxury brand moved, Trump’s most iconic Manhattan building would lose its key retail tenant. But doing so now would risk bigger consequences than if he was a private citizen.“To become president is to have the ultimate leverage,” Colp-Haber said.Foreign InvestmentsThat kind of clout also extends beyond US borders.During Trump’s first term, he put his business in a trust and passed control over to his two sons as a way of protecting against potential conflicts of interest. In October, Eric Trump suggested to the New York Times that any constraints placed upon the business might be weaker this time around.Donald Trump plays golf at Trump National Doral Miami golf club on October 27, 2022 in Miami.“The first term, we did everything imaginable to avoid any appearance of impropriety, and frankly, we got crushed anyway,” he said.The Trump Organization since 2020 has increased its foreign ventures, which stand to benefit from another four years in the White House. This year alone it announced it was partnering on a golf and hotel development in Vietnam and residential tower in Saudi Arabia, and his financial disclosure lists millions coming in from licensing agreements in India, Oman and Dubai. Closer to home, one of his most valuable assets, Trump Doral, is among three of his golf properties that have hosted events by Saudi-backed LIV Golf.Legal ChallengesOne area that’s harder to quantify in dollar terms is the president’s ability to avoid legal challenges.Trump will have ultimate authority over the US Justice Department, and sitting presidents are shielded from prosecution in office. He’ll have the means to dismiss or at least stall indefinitely his grinding criminal cases, avoiding the threat of years behind bars, and can order his attorney general to drop a pair of federal indictments that accuse him of trying to overturn his 2020 election loss and mishandling classified information.The motorcade carrying Donald Trump after a New York jury found him guilty of multiple felonies at his hush-money trial in New York.Trump won’t have the same power over his criminal cases in state courts, including the so-called hush-money case in which he was convicted on 34 felony counts in May. But he’ll still have powerful constitutional arguments for asking to have those tossed out too, meaning his sentencing set for Nov. 26 in New York isn’t likely to happen.“I think power is more intriguing to him these days than money,” said Sunshine, the former Trump Organization executive. “Power is better than money sometimes.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":14,"commentSize":1,"repostSize":1,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1184470882"}