Since his inauguration on January 21, 2025, U.S. President Donald Trump has invested more than $100 million in corporate and municipal bonds, according to financial disclosures. The filings, released by the U.S. Office of Government Ethics, reveal nearly 700 transactions made through August 1, offering insight into the management of the billionaire president’s wealth during his second term.

The investments include bonds from major financial institutions such as Wells Fargo, Morgan Stanley, and Citigroup, as well as corporate giants like Meta, UnitedHealth, T-Mobile, and The Home Depot. Trump’s portfolio also spans municipal bonds from dozens of U.S. states, including Texas, Florida, and New York, covering sectors such as hospitals, schools, airports, ports, and gas projects.

While the disclosures specify transaction ranges—such as $100,001-$250,000 or $1,000,001-$5,000,000—they do not provide exact values. No sales were reported during this period.

Bonds, a type of fixed-income investment, represent loans to companies or government entities in exchange for interest payments. According to Al Jazeera, U.S. media cited White House officials stating that neither Trump nor his family directly managed these transactions. The White House did not immediately respond to requests for comment.