September, 05 2017, 12:00pm EDT
President Trump Inc.: 49 Businesses Launched Since Announcing for Office
Public Citizen Releases Report and Interactive Dataset on the President’s Business Empire, Highlighting For-Profit Presidency, Conflicts of Interest
WASHINGTON
President Donald Trump formed at least 49 business entities since announcing his candidacy - some even after winning in November and taking office in January - highlighting the ongoing conflicts of interest that plague his presidency, a new Public Citizen report on Trump's financial disclosures shows.
The data, which also documents Trump's stake in more than 500 businesses, underscores the urgent need for the president to disclose his tax returns so Americans can determine the extent of his business holdings and how they may be affecting his policy decisions, Public Citizen maintains.
The report, "President Trump Inc.," is part of a new Public Citizen project featuring an interactive data map, an animated video and a downloadable dataset that inventories what can be gleaned from Trump's federal financial disclosure forms, and Delaware and New York business filings.
The interactive data map shows all of the businesses Trump has disclosed on his federal financial disclosure forms. It also offers all of the data Trump has disclosed relating to each business, such as its reported underlying assets and income, liabilities and place of business. Public Citizen has supplemented the data by determining the jurisdiction in which most of the businesses are registered, their registered agents and dates of formation. The data map also provides lines of connection between the businesses, offering users the ability to trace the ownership connections of the hundreds of entities.
Although just prior to being inaugurated as president, Trump announced plans to "separate" himself from his business empire, he still maintains ownership in his corporations and merely reshuffled his businesses into holding companies that are held by a trust that is controlled by Trump himself.
"Our current president has two jobs: leader of the free world and owner of hundreds of business entities worldwide. That combination is toxic for democracy," said Michael Tanglis, senior researcher for Public Citizen's Congress Watch division and coordinator of the project. "The financial disclosure forms provide a road map for anyone - wealthy individuals or corporations, foreign or domestic, friend or foe - to buy favor with the president of the United States."
Among Public Citizen's findings:
* Trump has created at least 49 business entities since he announced his bid for the Republican nomination on June 16, 2015. Roughly half of the entities were related to projects in foreign countries, including Argentina, India, Saudi Arabia and Indonesia.
* Seven days after he announced his candidacy for president, Trump formed more businesses than he had on any previous day. The businesses were related to projects in Indonesia. Months later, Trump brought Indonesian politicians out on the campaign trail with him, one of whom was later forced out of office amid corruption allegations.
* The typical ownership structure of Trump's businesses is like a Russian nesting doll, with businesses contained within businesses. Adding to the complexity, multiple nested entities contain parts of each other.
* The federal financial disclosure form questions on income and liabilities leave gaping holes. For instance, "over $50 million" is the largest category that can be reported for debts, and Trump listed it in five instances on his most recent filing. Because there is no limit to this category, Trump's disclosures provide no reassurance that he is not suffering from debilitating debts.
* The financial disclosure form is ambiguous on whether reports on income should reflect the total revenue for businesses in a given year or the net earnings after expenses have been paid. Trump appears to have chosen to report gross revenue, which would offer no insight into his actual earnings. This raises the prospect that Trump's businesses may be experiencing significant net losses in years in which he reported hundreds of millions of dollars of income.
"Without access to Trump's taxes, we will never understand what Trump's true income is, why he has structured his businesses as he has or how he might benefit from policies and decisions he makes as president," Tanglis said.
Added Lisa Gilbert, Public Citizen's vice president of legislative affairs, "Trump has made a mockery of the public trust by maintaining ownership of his businesses after entering the White House. The information in this report should provide a clarion call to Congress to require him to disclose his taxes and to establish prohibitions on Trump using his office to enrich himself."
Read the report (PDF).
Public Citizen is a nonprofit consumer advocacy organization that champions the public interest in the halls of power. We defend democracy, resist corporate power and work to ensure that government works for the people - not for big corporations. Founded in 1971, we now have 500,000 members and supporters throughout the country.
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Michigan's Democratic AG Under Fire After Armed Agents Raid Homes of Palestine Defenders
"We are totally convinced that, but for their viewpoints, these students would not have been targeted," said one attorney.
Apr 23, 2025
Federal and local law enforcement officers smashed their way into the Michigan homes of pro-Palestine student organizers on Wednesday in what the state attorney general's office said was a vandalism probe—but critics called an attack on dissent against Israel's genocidal assault on Gaza.
Backed by FBI agents, officers broke into homes in Ypsilanti, Canton, and Ann Arbor on Wednesday morning. Video uploaded to social media by Students Allied for Freedom and Equality, a Students for Justice in Palestine chapter, showed officers battering down the door to a Ypsilanti house before others rushed into the home barking commands with guns drawn and pointed at the residents.
"No search warrant was provided," someone says in the video as the invaders crashed through the homes' locked front door. People in the house said their phones and other electronic devices and possessions, including vehicles, were taken.
🚨BREAKING | Officials Confirms Raids in Multiple Cities; TAHRIR Coalition Says FBI Agents, Michigan State Police, and Local Officers Targeted Pro-Palestine Organizers
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— Drop Site (@dropsitenews.com) April 23, 2025 at 12:44 PM
MLivereported that people inside the home were handcuffed and moved to the porch outside before being released about 15 minutes later.
The pro-Palestine advocacy group TAHRIR Coalition rallied supporters to two of the homes. Video posted on YouTube shows members of a crowd that gathered outside the Ypsilanti house taunting the agents as they came in and out of the home.
According toDrop Site News, Ann Arbor police said that the investigation involves "reported crimes" committed in the city and other jurisdictions.
An FBI spokesperson confirmed bureau agents took part in the raids, which he described vaguely as "law enforcement activities."
Danny Wimmer, a spokesperson for Democratic Michigan Attorney General Dana Nessel, who is Jewish, told the Detroit Free Press that the raids "were not related to protest activity on the campus of the University of Michigan," but were "in furtherance of our investigation into multijurisdictional acts of vandalism."
"There is no immigration enforcement angle to the execution of these search warrants," Wimmer added.
However, Liz Jacob, an attorney with the Sugar Law Center in Detroit, noted that "everyone who was raided has taken part in protest and has some relationship to the University of Michigan."
"We are totally convinced that, but for their viewpoints, these students would not have been targeted," Jacob added.
Jacob said seven people were targeted in Wednesday's raids. No arrests were made. The attorney also noted that the warrants were signed by Judge Michelle Friedman Appel, whose jurisdiction includes Huntington Woods, where vandals painted graffiti and inflicted other damage at the home of University of Michigan Regent Jordan Acker while the Jewish man and his family slept inside last December.
Last month, vandals also damaged the Ann Arbor home of Provost Laurie McCauley.
The Graduate Employees' Organization, a union affiliated with the American Federation of Teachers, said one of its members was detained during Wednesday's raids.
"We strongly condemn the actions taken today and all past and present repression of political activism," the group said. "We urge University of Michigan administrators, the regents of the University of Michigan, and Michigan Attorney General Dana Nessel to end their campaign against students and stop putting graduate workers in harm's way."
Dawud Walid, the Michigan director of the Council on American-Islamic Relations (CAIR), said in a statement that "we call into question the aggressive nature of this morning's raids of activists' homes, which follows the recent misuse of prosecutorial power in Michigan and throughout our country against pro-Palestinian activists."
"In any other context, such minor infractions would be handled by local law enforcement or referred to local, elected prosecutors—not escalated to federal intervention," Walid added. "This disproportionate response further fuels the perception that Muslim and Arab students, and those who stand in solidarity with them, are being treated overly hostile by law enforcement compared to those who commit harm toward American Muslims."
According to CAIR:
This recent escalation comes on the heels of prior arrests and charges brought by the Michigan attorney general's office against University of Michigan student protesters for minor, nonviolent infractions—including misdemeanor trespassing—during peaceful demonstrations advocating for Palestinian human rights, an end to the genocide in Gaza, and for the University of Michigan to divest from companies complicit in the occupation and violence.
After Nessel announced criminal charges—some of them felonies—for 11 University of Michigan Palestine defenders last September, Rep. Rashida Tlaib (D-Mich.), the only Palestinian American member of Congress, said the attorney general was "going to set a precedent, and it's unfortunate that a Democrat made that move."
"We've had the right to dissent, the right to protest. We've done it for climate, the immigrant rights movement, for Black lives, and even around issues of injustice among water shutoffs," Tlaib said. "But it seems that the attorney general decided if the issue was Palestine, she was going to treat it differently, and that alone speaks volumes about possible biases within the agency she runs."
At the federal level, the Trump administration has been arresting and initiating deportation proceedings against international students who have taken part in pro-Palestine campus protests. Although the government admits the targeted individuals have committed no crimes, immigration law allows the removal of foreign nationals deemed detrimental to U.S. foreign policy objectives.
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"The Trump administration doxxed an American citizen, endangering her and her children. This is completely unacceptable and flat-out wrong."
Apr 23, 2025
The Trump administration has not only sent Kilmar Abrego Garcia to a Salvadoran megaprison due to an "administrative error" and so far refused to comply with a U.S. Supreme Court order to facilitate his return to the United States, but also shared on social media the home address of his family in Maryland, forcing them to relocate.
The news that Abrego Garcia's wife, Jennifer Vasquez Sura, and her children were "moved to a safe house by supporters" after the U.S. Department of Homeland Security (DHS) and White House Press Secretary Karoline Leavitt posted to X a 2021 order of protection petition that Vasquez Sura filed but soon abandoned was reported early Tuesday by The Washington Post.
"I don't feel safe when the government posts my address, the house where my family lives, for everyone to see, especially when this case has gone viral and people have all sorts of opinions," said Vasquez Sura. "So, this is definitely a bit terrifying. I'm scared for my kids."
A DHS spokesperson did not respond Monday to a request for a comment about not redacting the family's address, according to the newspaper's lengthy story about Vasquez Sura—who shares a 5-year-old nonverbal, autistic son with Abrego Garcia and has a 9-year-old son and 10-year-old daughter from a previous relationship that was abusive.
On Wednesday, The New Republicpublished a short article highlighting the safe house detail and noting that "the government has not commented on the decision to leave the family's address in the document it posted online," sparking a fresh wave of outrage over the Trump administration endangering the family.
He was "mistakenly" deported to prison camp, and it was just a "slip-up" that they then posted his wife's address. Bullshit. If these are all accidents, who's getting fired?
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— Ezra Levin (@ezralevin.bsky.social) April 23, 2025 at 12:29 PM
"The Trump administration doxxed an American citizen, endangering her and her children," MSNBC contributor Rotimi Adeoye wrote on X Wednesday. "This is completely unacceptable and flat-out wrong."
Several others responded on the social media platform Bluesky.
"These fascists didn't stop at abducting Abrego Garcia, they've now doxxed his wife, forcing her into hiding," said Dean Preston, the leader of a renters' rights organization. "The Trump administration is terrorizing this family. Speak up, show up, resist."
Jonathan Cohn, political director for the group Progressive Mass, similarly declared, "The Trump administration is terrorizing this woman."
Katherine Hawkins, senior legal analyst for the Project On Government Oversight's Constitution Project, openly wondered "if publishing Abrego Garcia and his wife's home address violates federal or (particularly) Maryland laws."
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While Abrego Garcia's family seeks refuge in a U.S. safe house, he remains behind bars in his native El Salvador—despite the Supreme Court order from earlier this month and an immigration judge's 2019 decision that was supposed to prevent his deportation. Multiple congressional Democrats have flown to the country in recent days to support demands for his freedom.
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In an open letter published Wednesday, amid the Trump administration's unprecedented scrutiny on Big Law, multiple legal groups are calling on elite American law firms to convene and coordinate a unified response to U.S. President Donald Trump's "unconstitutional actions" and "threats to the rule of law and system of justice."
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The groups drew a distinction between the several elite law firms who in recent weeks have negotiated deals with the Trump administration either in response to punishments imposed via executive order or to avoid the prospect of an executive order, and law firms who have resisted the Trump administration's pressure.
The law firms Perkins Coie, Jenner & Block, WilmerHale, and Susman Godfrey have all filed suits challenging Trump's executive orders targeting them. All four have won initial relief in court.
According to the letter, more than 800 other firms, including 17 firms on the Am Law 200—a ranking of top law firms based on gross revenue—have joined amicus briefs in defense of the firms that have sued.
"Lawyers Defending American Democracy calls on the 170 undeclared Am Law 200 firms to avoid the path of those now notorious nine," the letter states.
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According to a statement from LDAD, the legal groups behind the letter collectively represent over 1,000 lawyers who who have worked as senior partners, judges, state attorneys general, senior officials at the U.S. Department of Justice, as general counsel for major companies, and state bar presidents.
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