The fundraising committee of President Donald Trump is selling autograph cups of $ 40 of millions in legal fees and judicial sentences, and one of the first since he assumed the position.
Key data
The offer, which was marketed by email, is a white cup that presents Trump’s shadow holding his fist high, the text “Make America Great Again” and the president’s autograph on his image.
The contributions are allocated to the Trump National Committee, a Joint Fund Collection Committee that divides money between the Republican National Committee and Never Surrender, its PAC of leadership, which means that part of the money can be used in personal expenses, such as fees legal.
The website, operated by Winred, a fundraising platform for conservative and center -right groups, does not detail what the target collection of Trump’s funds or how close it is about reaching it, but it encourages people to donate between $ 40 and $ 1,000, or more.
What else has Trump sold recently?
The signed cups are added to a series of items that Trump has sold to benefit their personal businesses, including Trump brand guitars for $ 1,250, NFT collectible cards, watches, silver coins, Bibles, Sneakers, Colonia and more. He also sold Trump cards for 99 dollars that included a piece of the suit he used in his Fulton County police, Georgia.
Large number
$ 675,000. That is the amount that Trump must in legal fees and judicial sentences, according to the Forbes records. Most of the money, about 492 million dollars, comes from sentences for civil fraud against Trump in New York, and another 96.1 million dollars come from the cases of writer E. Jean Carroll against Trump for defamation and sexual abuse . Trump, who has long filed the demands against him as politically motivated, is appealing many of the sentences.
Key history
Trump regularly promoted his products during his campaign and after his victory, while facing hundreds of millions of dollars in legal fees, with profits that flow directly to him or to one of his political committees. The articles that he, his political committees and his commercial partners have sold range from lower and affordable prices, such as $ 40 cups, to watches made of 18 carat gold and decorated with diamonds that were sold for up to $ 100,000. It is not totally clear how much Trump has earned with the sale of its products, but CBS News reported that it earned around $ 7.2 million dollars for NFT licenses and Los Angeles Times reported that the sales of their bibles, made with the singer Lee Greenwood made him win around $ 300,000. Forbes reported that it is unusual that the profits of the presidential and inauguration products are allocated to a PAC of leadership of the way Trump has been directing it, which allows less restrictions on how money is spent.
Tangent
On Sunday, Trump’s team sold cards with the “Trump Official Award for Labor Trajectory” to anyone who donated $ 35 or more. The cards show Trump in greeting position, are personalized with the name of the person and say “prize for work trajectory for patriotism.”
What is Trump’s meme coin, $ Trump?
Trump is also selling a meme coin, $ Trump, which announced on January 17 and was on sale at the Blockchain Solana network. Meme coins are also considered highly volatile and, usually, they do not have an underlying value as actions. The currency shot at approximately $ 10 to $ 70 in the first days it was available, but fell dramatically after that and was quoted at approximately $ 36.94 on Monday, according to CoinmarketCap.
Forbes assessment
We estimate that Trump has a net worth of 5.6 billion dollars, which makes it the 589 richest person in the world.
What to keep in mind
Where Trump’s money on Trump Committee (PAC) of Trump, Never Surrender is investing. Information on how 20% of funds have recently spent that, according to the website, received in this merchandise and other products related to the investiture will not be available to the public until the end of the month.
This article was originally published in Forbes Us.
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