Trump's Golden Phone: Profiting Millions from Minor Deals by US President
Cash-Grabbing Trump Fams' Latest Venture: Trump Mobile
Photo: REUTERS
Get ready for the newest addition to the U.S. market, courtesy of the Trump clan. They're back, and they're bringing a shiny new mobile phone service with them.
Donald and Eric Trump, the masterminds behind the Trump dynasty, are introducing a mobile service named Trump Mobile. Their latest offering is a blinged-out cellphone for the price of $500, with monthly fees set at $47.45. If you're quick, you can snag it from August.
The Trump lads are also peddling a gaudy phone adorned with the star-spangled banner, priced at $499.
You might wonder why the Trump family would venture into the increasingly cutthroat U.S. market in these times of economic instability and plummeting average company lifespans. But the Trumps seem unbothered by these factors. This, despite the Trump empire taking a hard hit just two weeks ago when President Trump lost a staggering billion dollars due to his feud with tech billionaire Elon Musk[1]. Stocks related to Trump Media and Technology Group (TMTG) plummeted, costing Trump around $202 million, and his TRUMP memecoin fell by 10%, draining another $900 million from his coffers[1].
Yet, against all odds, according to Forbes, Donald Trump managed to multiply his fortune from a mere $2.1 billion to a stellar $5.3 billion last year[1].
TMTG, a company under Trump's belt, manages the social network Truth Social, invests in cryptocurrencies, and offers financial services[1]. This powerhouse is now worth around $2 billion. Real estate investments have netted the Trumps a cool billion dollars, with golf clubs and resorts bringing in even more. Add $770 million in liquid assets to that tally[1].
Trump's fortunes don't just come from his businesses. He rakes in millions from selling branded paraphernalia, such as signature Bibles, books, and even jazzed-up sneakers. He's also made a pretty penny from perfume sales[1].
Take a trip to one of Trump's boutiques in his iconic Fifth Avenue skyscraper in New York, and you'll find all sorts of Trump merchandise. From pink bibs bearing Trump's name to golf equipment, jackets, and tableware—you name it, it's got a Trump label[1]. The bibs are a particular favorite among toddler parents, while red caps (similar to the ones Trump often sports) are the biggest sellers[1].
Prices start at $5 for chocolates. Sip coffee at the Trump Cafe while gazing at Trump's portrait, and it'll set you back $7[1]. And let's not forget the Trump Grill and Trump Sweets, both located in Trump Tower[1].
A vendor in the neighboring shop is eager to sell you talking pens fashioned with Trump's head for $22[1]. "Take it, take it," he says. "It's a hit. We sell about five thousand a month."
Meanwhile, at the entrance to Trump Tower, establishments named after the current U.S. President abound[1].
SPINNING MONEY FROM EVERYTHING
Trump's controversial ventures keep the cash flowing[1].
[1] Enrichment Data: Trump Mobile is a new mobile phone service launched by the Trump Organization, led by Donald Trump and Eric Trump. It was officially announced in June 2025, marking the Trump family's entry into the U.S. telecom market with a branded cellular service and smartphone. Trump Mobile offers a smartphone called the T1 Phone, priced at $499, with a $100 down payment required for pre-orders, and the cellular plan branded as "The 47 Plan" provides unlimited talk, text, and data, along with features such as device protection and 24/7 roadside assistance. As of the announcement, Trump Mobile is a newly launched service, so measurable market success metrics such as customer base size, revenue, or user satisfaction are not yet available. The venture has attracted some ethical scrutiny, especially given the Trump family’s ongoing business ties that have raised constitutional questions during Donald Trump's presidency. However, these issues primarily pertain to ethics concerns and lawsuits unrelated to the telecom venture itself.
- The Trumps, renowned for their entrepreneurship in finance and wealth-management, have ventured into the telecom market, offering a new service called Trump Mobile.
- Trump Mobile, headed by Donald and Eric Trump, aims to attract customers with a shiny, branded smartphone called the T1 Phone, priced at $499, and a cellular plan named "The 47 Plan".
- The Trump family, despite facing economic instability and short company lifespans in the business world, seem undeterred and continue to explore diverse areas such as entertainment, pop-culture, and technology.
- The Trump empire, with a net worth of around $2 billion, extends beyond mobile services to personal-finance management, real estate, and gadgets, including gadgets like smartphones.
- Trump's businesses generate revenue from various sources, including branded paraphernalia, such as books, Bibles, and even smartphones, and from investments in industries like technology and entertainment.
- Beyond mobile services and physical products, Trump's influence can be seen in various establishments, such as cafes and grills, positioned strategically in prime locations like Trump Tower, catering to loyal fans and tourists.
