CNBC reports that the president’s investment holdings continued to trade energy stocks during the first six months of the war. Between February 27 and August 31, his nine largest fuel assets grew between $1.5 million and $4.4 million, the network estimates, referring to his annual financial disclosure.
The last time Trump disclosed any stock trades was June 29, so the data is incomplete. It’s also hard to get a completely accurate estimate as Trump’s disclosure doesn’t reveal exact share counts.
“Neither President Trump nor any member of his family has any ability to direct, influence, or provide input regarding how the portfolio is invested or when investments are bought or sold,” Davis Ingle told CNBC. “All investment decisions are made entirely by independent managers. There are no conflicts of interest.”
Meanwhile, Trump on Wednesday declared that the Iran war won’t end until after the midterm elections, adding that he is no longer pursuing negotiations with the country.
Even if he isn’t directly involved, Trump knows what is good for his money and what isn’t. The idea that he makes decisions without any regard to how it affects his portfolio, or the assets of his friends and allies, is absurd. He’s already made billions of dollars since being elected president for the second time, and he’s not about to deliberately wreck his net worth.
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