I wrote a book about Donald Trump's conflicts of interest during his first term as president.

What's happening now makes his first-term ethics issues seem almost quaint.
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Who benefits from Trump's go-to tax dodge, which involves donating development rights to golf courses, then claiming big writeoffs?

One winner is Frank Bisignano, CEO of the IRS, who happens to own a house on one of Trump's newly preserved golf clubs.
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Winning the presidency is a heck of a tax strategy.

The IRS has previously taken issue with charitable deductions Trump pursued after giving up development rights on golf courses.

Now he's president, with the power to appoint those who might otherwise scrutinize him.
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Making golf courses look like environmental preserves turns out to be quite the tax strategy.

It helped Donald Trump shelter more than $1 billion of income and save $450 million, according to Forbes estimates.
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When it comes to property prices, there are two worlds: What appraisers are willing to say something is worth, and what something is actually worth.

Trump, who has lied about the value of his assets for decades, exploited that gap to dodge millions of dollars in taxes.
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The president has long claimed charitable deductions on golf courses he never gave away. Now, facing one of the most significant tax bills of his life, he’s pushing the scheme even further—and appears to be using the presidency to get away with it.

forbes.com/sites/danalexa…
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New investigation: “Trump’s Golf Empire Is A Billion-Dollar Tax Shelter” forbes.com/sites/danalexa…
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This is Donald Trump's fortune over time. See those last two bars? Yeah, the presidency has been good to him.
forbes.com/sites/danalexa…
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Trump turned the 2024 presidential election into the greatest moneymaking opportunity in the history of American politics.

But midterm season can be hard on presidents. Here's why Trump's net worth has fallen an estimated $300M in the last year.

forbes.com/sites/danalexa…
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The 2026 Forbes 400 list of America's richest people is out today.

1. Elon Musk: $908 billion
2. Jeff Bezos: $378 billion
3. Larry Page: $278 billion
...
245. Donald Trump: $7 billion

Full list below: forbes.com/forbes-400/
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Dan Alexander retweeted
New story:

Donald Trump Jr.’s Bahamas Wedding Was Secretly Bankrolled by Russian Oligarch Close to Putin

w/ @BrettMmurphy @js_kaplan @Amierjeski
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Dan Alexander retweeted
New: Russian oligarch Umar Kremlev footed the bill for hundreds of thousands of dollars of wedding expenses at Donald Trump Jr.’s lavish wedding, including renting out a private island and paying for the fireworks show. propub.li/4xTBcxt
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Dan Alexander retweeted
Forbes’ @DanAlexander21 reports Trump has spent 165 days at his golf courses during his second term and insists on ordering hot dogs for his secret service agents, which he does not pay for himself: “The Trump club then bills the secret service, according to an insider at the club.”
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Flush with crypto cash, Trump is paying off his debt.
NEW from me for @Forbes: The president has a very different approach to his own debts versus the country’s. I catalogue all his properties that are newly debt-free.

forbes.com/sites/kylemull…
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Dan Alexander retweeted
NEW from me for @Forbes: The president has a very different approach to his own debts versus the country’s. I catalogue all his properties that are newly debt-free.

forbes.com/sites/kylemull…
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Trump promised to wall himself off from his business.

But a spokesperson admits he still weighs in on minutiae at his private clubs. "Of course. Just like he weighs in on all of the details, from the ballroom to any renovations at the White House.”

forbes.com/sites/danalexa…
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The president has spent more than 1,400 hours at his golf properties during his second term. That’s about as much time as most people spend working their full-time jobs over an eight-month span.

New story out this morning!
forbes.com/sites/danalexa…
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Donald Trump is obsessed with the hot dogs at one of his golf courses. So obsessed that he orders one for everyone around him, including his Secret Service detail.

Then, according to a former employee, the club bills the Secret Service for the hot dogs.

forbes.com/sites/danalexa…
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Dan Alexander retweeted
I wanted to know why President Trump is so obsessed with his ballroom and other architectural projects in Washington. So I went to the Oval Office and asked him.

He ended up giving me an impromptu tour. Read about it here: nymag.com/intelligencer/…
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After one heck of a year, Josh Kushner is now nearly 17 times richer than his brother Jared and nearly three times as rich as President Trump, according to Forbes estimates. GREAT reporting from @giacomotognini. forbes.com/sites/giacomot…
1/ NEW: Josh Kushner is now worth an estimated $16.7 billion—more than triple his fortune a year ago.

The 41-year-old Thrive Capital founder rode bets on OpenAI, SpaceX and more to an eleven-digit fortune. Now he’s looking to buy a piece of the Lakers.
forbes.com/sites/giacomot…
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