Donald Trump is profiting from companies he publicly thrashes for outsourcing jobs

Some SCOTUS picks from Trump.
(Image credit: Getty Images)

Perhaps you've heard Donald Trump sharply criticize Nabisco, Carrier, and Ford for closing down U.S. manufacturing facilities and moving those jobs to Mexico, China, or some other country, or recall his proposed boycott of Apple. According to a financial disclosure form Trump's campaign filed with the Federal Election Commission on Tuesday, and made public Wednesday, Trump owns stocks and bonds in all of those companies (or their parent companies). According to Bloomberg News, he's earned up to $75,000 from bonds issued by Nabisco (Mondalez International), Ford, and Carrier (United Technologies Corp.) since January 2015. He currently holds $1.1 million to $2.25 million in Apple stock.

Overall, since his last financial disclosure statement in July 2015, Trump's declared liquid wealth had decreased from $78 million-$232 million to the $61 million-$173 million in Tuesday's disclosure. The FEC filing is designed to flag conflicts of interest, not reveal wealth, but The Wall Street Journal determined from looking through the report that Trump has increased his revenue from licensing his name overseas but lost income from his beauty pageant and menswear businesses.

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Peter Weber, The Week US

Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.