Donald Trump’s Blind Trust: Children also on transition team
Q. What has president elect Donald Trump decided to do with his fortune?- Published on 15 Nov 16a. Put it in a blind trust
b. Placed in under the Fed Reserve’s control
c. Funded healthcare initiatives with his fortune
d. None of the above
ANSWER: Put it in a blind trust
Donald Trump has decided to deal with his billions in business assets in a way that has critics talking.
The president elect has decided to put his money in a
Blind Trust- Trump says he is worth USD 8 billion; Fortune magazine pegs the amount at USD 3.7 billion
- Donald Trump’s business is made of 500 companies around the world, with more than 250 bearing his name
- It is being said that this creates a conflict of interest
- He has decided to set up the blind trust because then he has no decision making or involvement in the business, Rudi Giuliani said
- On the campaign trail, Trump said he would turn over his business interests to his children, if elected
- Trump’s decision to leave his children to control what he labeled a blind trust has another conflict of interest now
- Donald Jr, Ivanka and Eric will also serve on Trump’s presidential transition team executive committee
- The trio will now have inputs about who Trump will pick for key administration posts
- The lines between Trump and his money are now clearly fuzzy, say critics
- Bridging the gap between businessman and politician will be easy for Trump with his children in control in both realms
- Trump’s children will also have control over people making the decisions that could affect his multi billion dollar fortune
