What will happen to Donald Trump's companies when he becomes president?

DNUM_BBZBBZCABG 18:22

Unlike previous presidents, Donald Trump is a billionaire who runs a corporation, so how does he handle being both a business owner and the White House owner?

After being elected president of the United States, Donald Trump had to decide what to do with the business that made him famous. As a businessman, Trump is currently the chairman of the Trump Organization, a corporation that owns properties around the world including shopping malls, hotels and golf courses. The Trump Organization is a real estate investment company but it also owns a number of other brands outside the industry, including books, such as: “The Art of the Deal” and “Trump Natural Spring Water.”

Trump has said that after becoming president, he will separate from the company and hand over control to the next generation. His three eldest children, Donald Jr., Ivanka and Eric, are all currently Executive Vice Presidents of the Trump Organization.

“If I become president, I don’t care about my company. It’s a pea,” Trump said at a Fox Business debate in January. “I want to make America rich again, make America great again. I have Ivanka, Eric, Don sitting here. I’m not going to get involved because I don’t care about anything but our country,” he said.

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Mr. Trump has promised to leave his corporate executive position if elected president.

There is no indication that the president-elect will change his previously stated position. In late October, ABC News veteran domestic affairs reporter George Stephanopoulos asked Donald Jr., Ivanka and Eric how they would stay in the family business if their father became president. “That’s what we do. We’re the ones who are building this business,” Donald Jr. said.

Donald Trump did not release his tax returns during his campaign, so it is difficult to know exactly how wealthy he is. One source said Trump had at least $1.5 billion in his bank account. However, he has always claimed that his assets are currently worth around $10 billion.

According to NPR, most US Presidents entrust their investments to an independent trust to avoid conflicts of interest during their time in office. However, looking back over time, it can be said that Donald Trump has had difficulty separating business from politics.

Although Trump said he was happy to step down from his executive position at the Trump Organization to enter politics, he took every opportunity during the campaign to promote his brand.

In October, for example, Trump took time out of his campaign to attend the ribbon-cutting ceremony for the Trump International Hotel in Washington, just blocks from the White House. But Trump’s campaign, which is intertwined with his business interests, has not been a big boon for him economically. Visits to his hotels, casinos, and golf courses have dropped sharply since he announced his candidacy in June 2015, according to Foursquare.

But there may be a change after the election. An election night survey by Brand Keys found that corporate brand value thanks to Trump’s name has rebounded and even surpassed the level before last June.

“Running for president seemed to hurt Trump’s businesses. But becoming president seems to have benefited them in return,” Business Insider commented.

According to VNE

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What will happen to Donald Trump's companies when he becomes president?
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