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On the heels of the heavily-criticized dinner hosted by means of President Donald Trump for the highest investors of the $TRUMP meme coin, a top New York Occasions reporter has come out with a surprising breakdown of how Trump has monetized his office.

In a piece revealed Sunday, New York Times chief White Home correspondent Peter Baker dove deep on Trump’s various monetary gambits and concluded that they’re with out rival in American history.

“The Trumps are rarely the first presidential household to profit from their time in power, however they have carried out extra to monetize the presidency than any person who has ever occupied the White House,” Baker wrote. “The scale and the scope of the presidential mercantilism has been breathtaking.”

Baker listed off the various methods by which the Trump family has cashed in, and the wonderful amounts they have introduced to their coffers.

“The Trump domestic and its industry companions have accumulated $320 million in fees from a new cryptocurrency, brokered overseas real estate deals price billions of greenbacks and are opening an unique membership in Washington known as the Executive Department charging $500,000 apiece to join, all in the past few months by myself.

Just last week, Qatar surpassed over a luxurious jet supposed for Mr. Trump’s use now not just in his legit capability but additionally for his presidential library after he leaves office. Experts have valued the plane, formally donated to the Air Power, at $200 million, more than all the foreign items bestowed on all earlier American presidents mixed.

And Mr. Trump hosted an exclusive dinner at his Virginia membership for 220 buyers within the $TRUMP cryptocurrency that he started days before taking place of job in January. Get entry to was once openly sold according to how much money they chipped in — not to a marketing campaign account but to a industry that advantages Mr. Trump personally.”

The crypto scheme and the acceptance of the jet from Qatar has drawn heavy criticism on the left and even some on the precise. Ben Shapiro, Laura Loomer, and Tucker Carlson are just a number of the amazing conservatives who have called out Trump in contemporary days for profiting off of his place of job.

In comments revealed with the aid of the Instances Sunday, White Home press secretary Karoline Leavitt insisted, “The president is abiding by way of all war of interest rules which might be appropriate to the president. The American public believes it is absurd for anyone to insinuate that this president is profiting off of the presidency. This president was incredibly successful earlier than giving it all up to serve our united states publicly.”

But longtime ethics watchdog Fred Wertheimer disagrees.

“There’s nothing in the history of America that methods the usage of the presidency for enormous personal gain. Nothing,” Wertheimer said. He added that Trump is, “within the corridor of popularity of ripping off the presidency for personal gain.”

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The publish NYT’s Peter Baker Breaks Down ‘Breathtaking’ Methods Trump Has Profited From Presidency first regarded on Mediaite.