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Cryptocurrency News Articles
The Trumps' Return to the White House: Leveraging Political Positions for Financial Gains
Feb 23, 2025 at 09:03 pm
In their return to the White House, the Trump family has leveraged their political positions, capitalizing on old connections and new ventures to turn their recent election victory into substantial financial gains.
The Trump family has wasted no time in cashing in on their political connections, launching a slew of business ventures that have netted them millions of dollars.
Melania Trump recently secured a historic $40 million deal with Amazon to license a documentary of her transition back into being the First Lady. The deal marks Amazon’s largest-ever investment in a documentary by a margin of nearly three times the next highest offer. The agreement awards Melania a staggering 70% of the $40 million. Her agent has also attempted to sell sponsorships for the film starting at $10 million to CEOs and billionaires who attended the inauguration.
Donald Trump's son, Don Jr., has also strategically capitalized on his father's political resurgence. He has recently assumed advisory roles for numerous new business ventures, such as BlinkRx, an online pharmaceutical company and Kalshi, an online regulated trade market. Announcements of Don Jr.'s involvement with the companies have helped to surge their market values and send stock prices soaring — along with his potential earnings.
Shares in PublicSquare, an online marketplace, have shot up 270% since Don Jr. joined their board last year. Similarly, after drone manufacturer Unusual Machines named him an adviser on Nov. 27, the firm's shares skyrocketed 249% over the following two days. His 331,000 shares in the company as of Dec. 5 were valued at about $1.6 million more than they were the day before the company announced his advisory role.
The Trump family has also ventured into the world of cryptocurrency. Three days before his inauguration, Donald Trump officially endorsed the launch of his own meme coin, $TRUMP coins. In one of his first actions as President, Trump signed an executive order that helped boost the cryptocurrency industry. The $TRUMP token quickly grabbed the market's attention as it soared to a market cap of nearly $15 billion soon after its release. Although the rise of the token was short-lived, it remains a significant part of Trump's financial strategy.
Beyond business ventures, the Trump family has also profited from legal settlements with various corporations. Agreements with industry-leading companies such as Meta, Disney and X have brought the Trumps more financial payouts.
Trump sued Meta four years ago for suspending his Facebook account after the January 6 attack on the Capitol building. After a meeting with CEO Mark Zuckerberg, the two negotiated a deal paying Trump $25 million to put all that in the past.
Early last week, X, formally Twitter, paid Trump $10 million to end a lawsuit against its former CEO after Trump sued them for kicking him off the platform after Jan. 6.
Furthermore, in December, Disney agreed to donate $15 million to Trump's future presidential library after Trump filed a lawsuit against ABC News and anchor George Stephanopoulos after he falsely claimed the President was found civilly liable for rape. These agreements have brought tremendous financial gain to Trump and an end to long-lasting and complex legal battles, paving the way for future endeavors.
The impact of Donald Trump’s political resurgence extends beyond himself and his children to his grandchildren. After speaking at the Republican National Convention, Don Jr.'s daughter and Donald Trump's eldest grandchild, Kai Trump, started her influential media rise.
Her speech portrayed Trump as a family man, increasing his political support among moderate voters. After the convention, Kai began posting videos on YouTube sharing her golf skills and day-to-day life.
Kai committed to the University of Miami golf team in August, where she will begin her collegiate sports journey. According to a report from On3, Kai Trump holds an estimated NIL value of $1.2 million, placing her among the top female athletes in college sports. NIL, short for Name, Image and Likeness, allows athletes like Kai to earn money from endorsements while still in college.
As the First Family continues its financial dominance and political resurgence, the Trumps will likely keep leveraging strategic financial moves. From lucrative business deals to significant legal settlements, the Trumps have carved an extraordinary and unprecedented path to wealth accumulation. By actively expanding their economic presence, the Trumps ensure they remain key players in both the American business and political arenas.
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