A White House financial disclosure showed US President Donald Trump acquired corporate bonds issued by Netflix and Warner Bros Discovery, with each holding valued as high as $1 million, according to a report by The Hollywood Reporter.
The disclosure stated the bond purchases were made shortly after Netflix revealed its $83 billion merger with Warner Bros Discovery, placing the timing of the President’s investments under focus in the White House filing.
Issued late Thursday, the filing reported dozens of transactions exceeding $100 million in total, though it provided only approximate value brackets for each purchase instead of exact figures.
The filing showed trump acquired two separate tranches of Netflix bonds, each valued between $250,001 and $500,000, purchased on December 12 and December 16, with the debt securities set to mature in November 2029.
The filing also showed trump acquired bonds from Discovery Communications LLC, a Warner Bros Discovery unit, through two purchases made on December 12 and December 16, each valued between $250,001 and $500,000, with maturity set for 2030.
The bond buying began about a week after the merger was signed, as reports said David Ellison’s Paramount was looking at a hostile bid and a possible proxy fight over Warner Bros Discovery’s deal with Netflix.
The disclosure further showed trump acquired a similar number of corporate bonds from SiriusXM, along with multiple other investments, reflecting a broader bond-focused portfolio detailed in the White House financial filing.
Meanwhile, a White House official said the investments follow standard market indexes and are managed independently, adding that neither Trump nor his family has any say in how or when the investments are made.
