Trump Purchased Up to $1.25 Million in Netflix Bonds, According to New Financial Disclosure
New financial records show that President Donald Trump recently invested more money into Netflix.
According to a financial disclosure released by the White House on Wednesday (March 4), the President of the United States bought two sets of Netflix bonds in January.
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One purchase was made on January 2, valued between half a million and $1 million. The other was made on January 20, valued between $100,00 to $250,000, per The Wrap.
Together, the transactions mean that Trump invested between $600,000 to $1.25 million in Netflix bonds.
Buying bonds means Trump did not buy shares of Netflix stock. Instead, he is lending money by buying a corporate bond. Netflix pays the bond holder regular interest payments, and at the end of the bond term, Netflix pays the original amount back. Essentially, he earns interest from Netflix’s debt.
The disclosure was signed on February 26, the same day Netflix reportedly withdrew its bid to acquire Warner Bros. Discovery.
The Netflix investments were just one part of the President’s financial activity, showing 83 financial transactions, including similar sets of bonds from Sirius XM.
Earlier disclosures show Trump already purchased $1 million in corporate bonds from Netflix and Warner Bros. Discovery in December.
He also seemingly covered up a mysterious new rash with make-up recently.