A year of intense financial activity has been revealed, showing that former U.S. President Donald Trump executed over 21,000 stock market trades. This figure comes from a 900-page asset declaration analyzed by “Spiegel”. According to the document, Trump’s financial managers bought and sold various stocks and securities in the range of at least $461 million to a maximum of $1.4 billion. The reported sales amounted to between $138 million and $433 million; a more precise breakdown is not possible due to the broad ranges listed in the disclosure form. For comparison, his predecessor, Joe Biden, reported only 13 securities transactions during his entire four-year presidency.
The detailed financial declaration provides significant insight into Trump’s assets, which include over $1.4 billion invested in cryptocurrency, substantial dividends, vast real estate holdings, gold bars, and cash market accounts exceeding $100 million. The document also notes generous gifts, such as ten FIFA World Cup tickets, each valued at $15,000, received from FIFA President Gianni Infantino.
Specific days of trading stand out dramatically. On April 8, 2025, just after Trump imposed global tariffs, 327 purchase orders were executed in a single day, including shares in Apple and Nvidia. The following day, Trump posted the phrase, “This is a great time to buy,” and temporarily suspended the tariffs. As markets soared, Apple rose by 15 percent and Nvidia climbed by nearly 19 percent. Similarly, on July 23, 2025, when the White House published its “AI Action Plan” aimed at deregulating artificial intelligence, 255 purchases were made that same day, primarily focusing on major AI companies.
While a spokesperson stated that the accounts are managed exclusively by independent financial institutions and there is no proof of a causal link between Trump’s investments and his role as president, the effect is obvious: Trump can influence stock prices through his statements and political maneuvers. As the president signs the financial declaration himself, it appears he possesses a clear understanding of his own investment positions.
