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


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.
Trump reported $800,000 in income from paid speaking engagements since January 2015, but none of those were after he announced his presidential candidacy (last July, he reported $1.75 million from seven paid speeches between January 2014 and July 2015). Hillary Clinton released her FEC filing Tuesday, and it showed that she earned $1.7 million for speeches in the 16 months before she announced her candidacy, while Bill Clinton earned $5 million through November 2015. Hillary Clinton's biggest investment, $5 million to $25 million, is in the Vanguard 500 Index Fund.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
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.
-
How will the new Repayment Assistance Plan for student loans work?
the explainer The Repayment Assistance Plan (RAP) will replace existing income-driven repayment plans
-
In the Spotlight Venezuelan President Nicolás Maduro has been at odds with US forces
-
Music reviews: Ethel Cain, Amaarae, and The Black Keys
Feature "Willoughby Tucker, I'll Always Love You," "Black Star," and "No Rain, No Flowers"
-
Trump said to seek government stake in Intel
Speed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to China
Speed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with Disney
Speed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B deal
Speed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance merger
Speed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profits
Speed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new high
Speed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliable
speed read The Labor Department is collecting less data for its consumer price index due to staffing shortages