President Donald Trump is so wealthy he doesn’t need to trade stocks himself, argued Vice President JD Vance, after the President’s ethics report last week revealed a flurry of stock trading in an account held in Trump’s name.
During an hour-long press conference Tuesday, Vance defended Trump, following criticism that emerged last week about stock trades made by the President’s account during the first quarter. The account made about 3,700 stock trades in the first three months of the year, according to a report by the Office of Government Ethics. In some cases the manager of the account purchased shares from companies that the President subsequently lauded at events or on social media.
Vance rejected the idea that Trump was the one behind these trades or that he has any influence over them. He said that as “a wealthy person” who “has had success in business,” the President can afford to delegate the management of his investments to other people.
“The president doesn’t sit at the Oval Office on his computer, on his like Robinhood account, buying and selling stocks. That’s absurd,” said Vance. “He has independent wealth advisers who manage his money.”
Wait. We didn’t know that? Did anyone pay attention to the Starlink contract that says that signing up for them means you’re cool with Elon colonizing Mars? How is this news?
AVBforPrez on
The mother of all fraud, baby.
Shame about Mars being prepared to kill us for blinking the wrong way, even if we can get there with people. Which we can’t, not with the direction we’re going when it comes to working together as a collective.
slo1111 on
“I find that I do better in bad markets. I buy things in bad markets.”
DJT in 2012 History Channel segment
“Well I’ve never been a very big person for the stock market frankly … I let everybody know I was never a big stockholder.”
DJT in a 2016 interview with Matt Lauer
Now he is deep into ththe stonks and with the insider trading he does not even need a down market for him to make $.
TheBracketry on
Finally, he can live in a pure white society consisting of himself.
what_mustache on
This article is insane. Musk isnt going to Mars, he’s just building wealth and influence. AI just boosts his valuation, it’s obviously not needed for a mars base. X is there for political influence. Mars is a misdirect to distract the few pro-science people that dont already hate him.
LanceLynxx on
WHAAAAT!? NO WAY
YOURE SAYING THAT THE COMPANY THAT HAS BEEN CLAIMING TO BUILD SPACESHIPS AND ROCKETS TO GO TO MARS
WANTS TO GO TO MARS
HOLY SHIT!!?!!?! NO WAY
ThePensiveE on
Yeah, Elon wants his „Whites only“ planet where he is Emperor, nobody can make fun of him, and he gets to impregnate all women when they turn a certain age that isn’t 18. This is nothing new.
NotJimmy97 on
Nobody believes this shit anymore except for the dumbest 20% of Americans still buying into the Ironman PR psyop
Ko-jo-te on
I’ll be very honest, I’m fine with him colonizing whatever and leaving quite a few innovations behind for all to reproduce. I’d be happy to bid him farewell today.
Arstanishe on
lemme rewrite it for you in a better way
Elon Musk’s pay package reveals what SpaceX actually is: a $1 trillion monster scam
awesome9001 on
Bro idk. Musk lies so fucking much with these sky high promises and rarely delivers. Im surprised it’s legal that he can consistently promise shit to raise his stock price with no ability to be held to those promises
Frank_Likes_Pie on
Here’s hoping Elmo is among the first wave of people to go colonize.
englishinseconds on
Really? Because based off the IPO filing, it looks like a money losing company that was also used to hide all the money lost buying Twitter, xAI. Looks like they’re also using it to buy Cybertrucks at MSRP as well
Medical_Tailor4644 on
What’s wild is that SpaceX stopped looking like “just a rocket company” a while ago.
Starlink alone already behaves more like global infrastructure, and Mars colonization starts making more sense once you see the long-term vertical integration behind it.
Leave A Reply
Du musst angemeldet sein, um einen Kommentar abzugeben.
15 Kommentare
President Donald Trump is so wealthy he doesn’t need to trade stocks himself, argued Vice President JD Vance, after the President’s ethics report last week revealed a flurry of stock trading in an account held in Trump’s name.
During an hour-long press conference Tuesday, Vance defended Trump, following criticism that emerged last week about stock trades made by the President’s account during the first quarter. The account made about 3,700 stock trades in the first three months of the year, according to a report by the Office of Government Ethics. In some cases the manager of the account purchased shares from companies that the President subsequently lauded at events or on social media.
Vance rejected the idea that Trump was the one behind these trades or that he has any influence over them. He said that as “a wealthy person” who “has had success in business,” the President can afford to delegate the management of his investments to other people.
“The president doesn’t sit at the Oval Office on his computer, on his like Robinhood account, buying and selling stocks. That’s absurd,” said Vance. “He has independent wealth advisers who manage his money.”
Read more [paywall removed for Redditors]: [https://fortune.com/2026/05/21/vice-president-jd-vance-shrugs-off-trump-stock-trading-american-politics-ethics-disclosure/?utm_source=reddit/](https://fortune.com/2026/05/21/vice-president-jd-vance-shrugs-off-trump-stock-trading-american-politics-ethics-disclosure/?utm_source=reddit/)
Wait. We didn’t know that? Did anyone pay attention to the Starlink contract that says that signing up for them means you’re cool with Elon colonizing Mars? How is this news?
The mother of all fraud, baby.
Shame about Mars being prepared to kill us for blinking the wrong way, even if we can get there with people. Which we can’t, not with the direction we’re going when it comes to working together as a collective.
“I find that I do better in bad markets. I buy things in bad markets.”
DJT in 2012 History Channel segment
“Well I’ve never been a very big person for the stock market frankly … I let everybody know I was never a big stockholder.”
DJT in a 2016 interview with Matt Lauer
Now he is deep into ththe stonks and with the insider trading he does not even need a down market for him to make $.
Finally, he can live in a pure white society consisting of himself.
This article is insane. Musk isnt going to Mars, he’s just building wealth and influence. AI just boosts his valuation, it’s obviously not needed for a mars base. X is there for political influence. Mars is a misdirect to distract the few pro-science people that dont already hate him.
WHAAAAT!? NO WAY
YOURE SAYING THAT THE COMPANY THAT HAS BEEN CLAIMING TO BUILD SPACESHIPS AND ROCKETS TO GO TO MARS
WANTS TO GO TO MARS
HOLY SHIT!!?!!?! NO WAY
Yeah, Elon wants his „Whites only“ planet where he is Emperor, nobody can make fun of him, and he gets to impregnate all women when they turn a certain age that isn’t 18. This is nothing new.
Nobody believes this shit anymore except for the dumbest 20% of Americans still buying into the Ironman PR psyop
I’ll be very honest, I’m fine with him colonizing whatever and leaving quite a few innovations behind for all to reproduce. I’d be happy to bid him farewell today.
lemme rewrite it for you in a better way
Elon Musk’s pay package reveals what SpaceX actually is: a $1 trillion monster scam
Bro idk. Musk lies so fucking much with these sky high promises and rarely delivers. Im surprised it’s legal that he can consistently promise shit to raise his stock price with no ability to be held to those promises
Here’s hoping Elmo is among the first wave of people to go colonize.
Really? Because based off the IPO filing, it looks like a money losing company that was also used to hide all the money lost buying Twitter, xAI. Looks like they’re also using it to buy Cybertrucks at MSRP as well
What’s wild is that SpaceX stopped looking like “just a rocket company” a while ago.
Starlink alone already behaves more like global infrastructure, and Mars colonization starts making more sense once you see the long-term vertical integration behind it.