Trump Moved More Than $1 Million From His Political Groups To His Private Business After Losing The Election

Donald Trump never stopped raising funds from his supporters after the 2020 presidential race. His companies, meanwhile, continued to charge his political outfits for goods and services. As a result, the former president has been able to convert about $1.3 million of donor money into business revenue since he lost the 2020 election, according to a review of the latest federal filings.

In the months immediately following the election, much of the money came via Trump’s official campaign committee, Donald J. Trump for President, Inc. On December 1, 2020, the committee paid $38,000 in rent to Trump Tower Commercial LLC, the entity through which the former president owns space inside Trump Tower. Fifteen days later, another $38,000 of rent moved from the campaign committee to that same LLC. The committee also made two payments of $3,000 at about the same time to an entity named Trump Restaurants LLC. The former president, who is worth an estimated $3 billion, also owns 100% of that company, according to an analysis of documents his business submitted to federal and local officials while he was president. Between the election and the end of 2020, Trump’s campaign committee handed over $113,000 to Trump’s business.

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