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Trump dumped all his stock holdings last June

Published 12/06/2016, 01:38 PM
Updated 12/06/2016, 01:46 PM
© Reuters.  Surprise move confounded critics.

© Reuters. Surprise move confounded critics.

Investing.com -- U.S. President-elect Donald Trump surprisingly sold all of his stock holdings last June, after he had secured the Republican nomination for president.

Trump sold shares in Amazon.com Inc. (NASDAQ:AMZN), Apple Inc. (NASDAQ:AAPL), Boeing Co . (NYSE:BA), and Visa Inc . (NYSE:V), amongst others.

This move liquidated what is said to be, overall, a total of 150 corporate stock and bond investments, freeing him from conflict of interest concerns raised by his Democratic opponent Hillary Clinton and by the opposition press in the U.S.

Trump is in the process of handing his real estate holdings over to his children, Ivanka, Eric and Donald Jr., to be managed in a blind trust while he remains in office.

The disclosure came today from Jason Miller, a Trump transition team spokesman during the daily phone call with journalists from New York City.

“The President-elect sold all of his stock back in June,” said Miller.

Reporters asked the transition spokesman about the President-elect's past holdings in Boeing, a company the president-elect had criticized for cost overruns for the next Air Force One.

Air Force One is the president's status symbol aircraft, and its history stretches back to the Eisenhower Administration.

Prior to President Eisenhower, American presidents traveled the U.S. by train or car, primarily using aircraft to travel overseas.

Trump's fortune has fluctuated during the decades, but is believed to be around $8 billion presently. Recent reports indicated he earned $250 million from his 14 years as the host of a reality TV show, which earned a number of Emmy Award nominations.

Trump also receives earnings for his royalties from his film appearances, in hit movies like Home Alone 2, and others, reported at $100,000 per year from the Screen Actors Guild.

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