Reported 1 day ago
President-elect Donald Trump has transferred approximately $4 billion in shares of his media company to a trust managed by his son, Donald Trump Jr. Following this move, Trump no longer directly owns any shares and will serve as the sole beneficiary of the trust. This decision mirrors his previous strategy to manage conflicts of interest during his first term by placing assets into a trust overseen by family members. Though presidents are not legally required to divest their assets, Trump's approach has drawn criticism for maintaining potential conflicts.
Source: YAHOO