January 6th and the 2020 Elections
Explore the election challenges, the attack on the Capitol and the original records.
Explore the records →The Trump Money Trail
Findings
Wealth: estimates, receipts and ownership are different measures
The dated estimates are $3.7bn in September 2016 and $6.5bn in March 2026: a $2.8bn, or 75.7%, nominal increase. A complete September 2026 reconciliation of assets, ownership percentages, liabilities, trusts, cash receipts and valuation dates remains unavailable in this collection.
Affinity: historical fees and current transactions
At the Senate’s reported historical terms, $2bn × 1.25% = $25m annual gross management fees. The Senate described up to $157m in foreign-client fees, including $87m from Saudi Arabia, by its 2024 inquiry. Its no-distribution observation concerned July 2024. July 2026 issuer reporting describes a Phoenix disposal enabling return of original invested capital. EA’s August acquisition and the March Playlist/EGYM merger are completed transactions.
Diplomacy and financial benefit: what is established
The House Judiciary minority opened an inquiry into Kushner’s foreign investment and diplomatic roles.
White Flame and Greenland: ownership is not a Trump link
The issuer reports 80 Mile’s ownership of White Flame Energy Limited at 98.82%. Greenland Energy’s September 8 proposal to acquire 80 Mile remains indicative, with no certainty of a firm offer. Greenland Energy’s Jameson rights may earn up to 70% by funding the first two exploration wells.
Don Jr. celebrations: payer, response and policy request
The reporting concerns hosted celebrations after the ceremony. The couple confirms Kremlev’s hospitality and describes friendship, denying a political purpose. ProPublica reports payments through an IBA-affiliated Dubai entity. Its precise legal identity and the full payment total remain unresolved in the available reporting. IBA documents public contact by September 29, 2025. Its earlier January letter to President Trump requested attention to boxing’s LA28 situation.
Past benefit and future exposure must be answered separately
The July 2025 stablecoin law establishes a regulatory framework and reserve obligations relevant to USD1’s market. Hypothetical annual gross reserve-income sensitivity: a 1-percentage-point yield change on a sustained $2bn eligible reserve equals $20m per year. The calculation assumes a constant balance and excludes expenses and distributions.
Start with the organizations and their roles
Disclosure records identify Donald Trump, the Donald J. Trump Revocable Trust and The Trump Organization and describe their respective roles and business interests.
Follow the named licensing and product relationships
The cited product materials describe a paid licensing relationship between CIC Ventures and 45Footwear. The database also links the sneaker product to its seller.
The dataset extends across several business areas
The records cover Trump Media & Technology Group, digital-asset ventures and international development relationships. Each connection identifies its source and the transaction or arrangement described.
Tahnoon’s documented roles
Official announcements identify Sheikh Tahnoon bin Zayed Al Nahyan as MGX and G42 chairman, UAE national-security adviser and Deputy Ruler of Abu Dhabi.
The reported World Liberty equity agreement
The Wall Street Journal reported a Tahnoon-backed $500 million agreement for 49% of World Liberty, signed four days before the January 2025 inauguration. It reported $187 million allocated upfront to Trump-family entities and at least $31 million slated for Witkoff-family entities.
A separate $2 billion investment
MGX announced a $2 billion investment in Binance. Participant reporting in May identified USD1 as the settlement instrument for that investment.
Executives and legal entities
G42 lists Peng Xiao as CEO and Martin Edelman as a board member and G42 USA general counsel. The cited reporting also describes their World Liberty appointments.
AI infrastructure and earlier relationships
Microsoft announced a $1.5 billion G42 investment in April 2024. Stargate UAE was announced in May 2025 as a planned 1 GW cluster within a 5 GW campus. G42 announced chip-export authorization in November 2025 and published an assurance framework.
Oversight concerns and responses
The Senate Banking minority-staff report raised concerns about investment and policy links. World Liberty and the White House denied that the investment was connected to chip decisions. The report and responses are attributed to their respective authors.
Reported bank ownership and preliminary approval
The Wall Street Journal reported a Tahnoon/co-investor-backed entity holding 49% of the bank holding company and preliminary conditional approval for World Liberty Trust. The cited September 9, 2026 reporting also covers Witkoff’s disclosure.
Trump’s disclosed purchases and sales
Donald Trump’s annual disclosure covers reporting year 2025 and was received by OGE on June 29, 2026. The selected entries below record purchases and sales of securities in energy producers, pipeline companies and an oilfield-services company. Amounts retain the filing’s dollar bands. Page, investment-account and row references identify each entry.
Reported oil-related holdings
The JEC Minority’s August 2026 paper reports an overall oil/gas holding range of about $12.5 million–$45.6 million. Its nine issuer rows reproduced below sum to $10,110,067–$39,155,000; the paper also names additional companies. The table reproduces the staff’s issuer estimates, with the source attribution and disclosed bounds retained.
What 31,400 MBOE means
31,400 million barrels of oil equivalent means about 31.4 billion barrels of combined oil-equivalent energy. In the East Greenland table, oil alone is 8,902.13 million barrels, about 8.9 billion; gas is about 86.2 trillion cubic feet, and natural-gas liquids about 8.1 billion barrels. These are mean undiscovered conventional resources. The 2019 geological account says Jameson Land and its subvolcanic extension were not quantitatively assessed in this regional total.
Greenland petroleum-system studies
The Hareelv study examines source rocks from a 233.8-metre cored succession at Blokelv-1 in Jameson Land. The GEUS seep inventory records natural hydrocarbon occurrences and their geological context. A separate USGS West Greenland–East Canada assessment, published in 2025, estimates 7.8 billion barrels of undiscovered oil across that shared province.
Minerals and dated strategic statements
GEUS identifies 24 of the EU’s 34 critical raw materials in Greenland. Its review covers rare-earth minerals, graphite, molybdenum, nickel, cobalt, copper, zinc, titanium, vanadium and other commodities. About 80% of Greenland is ice-covered. On January 7, 2025, Trump declined to rule out military force over Greenland. At Davos on January 21, 2026, he said he would not use force, while stating a national-security interest.
Greenland project agreements and corporate roles
Greenland Energy describes an agreement to fund two exploration wells and earn up to a 70% interest in the Jameson Land project. Its account identifies 80 Mile and subsidiary White Flame as licence owners and Halliburton as a contractor. September 2026 documents announce indicative merger terms between Greenland Energy and 80 Mile, subject to conditions. The Guardian reported an August 2026 drilling delay.
Disclosed holdings and the filed consulting contract
Trump’s 2025 disclosure lists Halliburton in investment account 1, row 216, at $15,001–$50,000, with dividends of $201–$1,000. It separately lists purchases on October 10, October 29 and December 17, 2025, each at $1,001–$15,000. Halliburton Energy Services and March GL signed a consulting agreement on April 11, 2025. Greenland Energy’s Q1 2026 filing identifies March GL as a wholly owned subsidiary after the March 25 corporate combination.
Equipment, permission and drilling plans
Greenland’s July 30 notice names White Flame Energy as the licence holder responsible for moving equipment to Nerlerit Inaat without the required approval. A former approval had expired. The government issued a formal warning and allowed the equipment to remain in agreed airport storage. On August 12, it said the required assessments and consultation could not be completed for winter 2026/2027. Greenland Energy’s SEC-filed response describes a targeted winter-2027 permitting timeline.
Energy holdings by account and reported income
The table records all 49 matching Part 6 entries for these six issuers in Trump’s 2025 annual disclosure. Each entry retains its account label, row number, printed page, value category and reported income. The filing was received June 29, 2026.
Purchases and sales during 2025
The six-issuer extraction contains 251 transaction entries in Part 7. Purchase and sale columns sum the lower and upper bounds of the disclosed transactions. They describe transaction amounts; acquisition cost for positions still held, dividends and realized gains are separate disclosure measures.
Family, business and celebration connections
The connected records identify Trump’s immediate family, the public roles of Donald Trump Jr. and Eric Trump, and the Kushner–Affinity investment path. The Bahamas celebration records retain the reported hosting and the family’s friendship explanation. The Palm Beach transaction is separate from those events.
Holdings and money
| Interest | Amount and measure | As of |
|---|---|---|
| Investment accounts — disclosed holdings | 6,134 extracted entries · Securities, funds and bonds | 2025 |
| Apple — disclosed securities | $15,015,011–$69,050,000 · Sum of disclosed bounds | 2025 |
| Microsoft — disclosed securities | $9,100,008–$42,251,000 · Sum of disclosed bounds | 2025 |
| Nvidia — disclosed securities | $12,500,007–$58,001,000 · Sum of disclosed bounds | 2025 |
| Alphabet — disclosed securities | $15,900,016–$71,000,000 · Sum of disclosed bounds | 2025 |
| Amazon — disclosed securities | $9,750,010–$46,600,000 · Sum of disclosed bounds | 2025 |
| Meta Platforms — disclosed securities | $8,300,010–$37,700,000 · Sum of disclosed bounds | 2025 |
| Chevron · securities | Holding and transaction bands · Energy investments | 2025 |
| Exxon Mobil · securities | Holding and transaction bands · Energy investments | 2025 |
| Kinder Morgan · securities | Holding and transaction bands · Energy investments | 2025 |
| Williams Companies · securities | Holding and transaction bands · Energy investments | 2025 |
| Halliburton · securities | Holding and transaction bands · Energy investments | 2025 |
| ConocoPhillips · securities | Holding and transaction bands · Energy investments | 2025 |
| Trump Media — trust-held shares | 114,750,000 shares transferred · Trust ownership | 2024-12-17 |
| Mar-a-Lago — disclosed finances | Value >$50m; revenue $77,482,488 · Business value / revenue | 2025 |
| DT Marks SC LLC — stablecoin investment | 38.25% stake; $196,875,000 proceeds · Entity interest / proceeds | 2025 |
Sources
Forbes: September 2016 wealth estimate
Forbes: March 2026 wealth estimate
Senate Finance: Affinity fee investigation
Affinity and Phoenix: July share disposal
Electronic Arts: acquisition completed
Playlist and EGYM: merger completed
House Judiciary minority: Kushner inquiry
80 Mile: White Flame Energy acquisition
80 Mile: proposed Greenland Energy merger
AP: Don Jr. wedding celebrations and response
ProPublica: reported payment vehicle
IBA: Kremlev and Don Jr. at Istanbul forum
IBA: January 2025 open letter to President Trump
White House: GENIUS Act signed
Reported purchase of a World Liberty stake
USD1 selected for MGX investment
USD1 product and reserve description
Senate Banking minority staff report
G42 announces export authorization
G42 assurance-compute framework
Company and White House responses
Reported backing of new bank holding company
Reported preliminary bank approval
Donald Trump: 2025 reporting-year annual disclosure, received June 29, 2026
JEC Minority: August 2026 oil-stock analysis, table on page 2
USGS: East Greenland Rift Basins, 2007 assessment
USGS: Circum-Arctic appraisal, Fact Sheet 2008-3049, table 1
USGS: East Greenland geology and assessment, 2019
GEUS Bulletin: Hareelv Formation petroleum geochemistry, 2018
GEUS Bulletin: Greenland petroleum seep inventory, 2021
USGS: West Greenland–East Canada, 2023 assessment published July 9, 2025
GEUS: Review of critical raw-material resource potential in Greenland, MiMa 2023/1
GEUS: Mineral resources in Greenland, overview
TIME: Trump declines to rule out force, January 7, 2025
Trump Davos speech transcript, January 21, 2026
Greenland Energy: Jameson Land agreement, contractor and licence structure
80 Mile / Greenland Energy: September 2026 possible merger announcement
The Guardian, August 12, 2026: Greenland drilling delay
OGE: Trump annual financial disclosure for 2025, received June 29, 2026
Halliburton Energy Services–March GL consulting agreement, April 11, 2025
Greenland Energy: Q1 2026 Form 10-Q, completed corporate combination
Government of Greenland: 80 Mile camp moved to Nerlerit Inaat, July 30, 2026
Government of Greenland: assessment of drilling timetable, August 12, 2026
Greenland Energy: permitting update, August 11, 2026, SEC exhibit
White House — Donald Trump biography
Trump Organization — Donald Trump Jr.
Trump Organization — Eric Trump
Context
September 15 additions are a bounded source review, not a complete asset audit. Current net worth, some ultimate ownership economics and transaction totals remain unresolved. No paid provider calls or private financial records were used.
Complete, comparable before-and-after-election balance sheets are not yet established.
Ownership beyond the documented intermediary companies and current valuations require further records.
The investment-account extraction excludes family trusts and unrecognized or multiline rows; it is not a complete personal net-worth inventory.