U.S. President Donald Trump purchased over $1.1 million in Netflix bonds during the past three months, according to newly released government financial disclosures.
Records show Trump bought more than $500,000 in Netflix bonds on December 12 and 16, followed by additional purchases exceeding $600,000 in January.
The bonds carry a 5.375% interest rate and mature in November 2029. Filings list investments totaling between $1.1 million and $2.25 million.
The investments occurred as Netflix pursued an unsuccessful bid for Warner Bros Discovery, competing against Paramount Skydance in a high-stakes media takeover battle.
Trump also bought between $500,002 and $1 million in Warner Bros Discovery bonds, which have since risen in value from roughly 92 cents to about 95 cents.
At the time of purchase, Netflix bonds traded slightly above par value, around $1.03–$1.04 per dollar, according to market data compiled by LSEG.
The Paramount acquisition ultimately prevailed with a $110 billion offer, financed partly through $39 billion in new debt from major banks.
While U.S. presidents are exempt from federal conflict-of-interest laws, Trump’s holdings—managed through a family trust—have sparked renewed discussion about potential ethical concerns.
