President Donald Trump purchased between $15,000 and $50,000 worth of stock in TKO Holding Group, the parent company of UFC and WWE, weeks ahead of a White House UFC event he’s promoted for months.The purchase was disclosed in Trump’s May 8 financial disclosures, which are publicly available through the U.S. Office of Government Ethics. Those documents do not specify how much stock Trump purchased but say he acquired it March 25 — a little more than two weeks after the Freedom Fights 250 fight card was publicly revealed.Trump’s personal stock portfolio is under renewed scrutiny this week after the Pentagon’s announcement that it is awarding a $9.7 billion defense contract to Dell Technologies, in which the president has invested millions of dollars over the last three months.“‘The Fake News’ continued attempts to fabricate conflicts of interest are irresponsible and reinforce the public’s distrust in what they read,” White House spokesman Davis Ingle said in a statement provided to The Athletic. “President Trump only acts in the best interests of the American public — which is why they overwhelmingly re-elected him to this office, despite years of lies and false accusations against him and his businesses. President Trump’s assets are in a trust managed by his children. There are no conflicts of interest.”A trust does oversee Trump’s investments, but it is not a blind trust, which is structured to ensure the owner has no knowledge or control over the trust’s activities.
Trump spent thousands on TKO stock while promoting White House UFC event
The president's financials are under scrutiny after the Pentagon awarded a $9.7 million contract to Dell, which he has invested millions in.











