By Molly Claire Goddard
12:23pm PDT, May 13, 2025
_
Donald Trump is in the hot seat for allegedly making money off of his second term.
On the Friday, May 10, episode of the "Pivot"
podcast,
Scott Galloway claimed the current commander-in-chief and his family members have raked in $3 billion from cryptocurrency and other ventures in their first few months back in the White House.
Keep reading to see what the media personality said about what Trump may be making while in office…
MORE:
Follow Wonderwall on MSN for more top news
_
During the podcast episode, Scott Galloway criticized Donald Trump for promoting
money-making ventures while working for the country.
"This first hundred days of the Trump administration, mostly using the vehicle of the Trump coin, will go down in history as the greatest grift in the history of our economy, in terms of the amount of money stolen and the size of it over the shortest period," he claimed. "Just some data here. So, Trump-affiliated entities have made at least $300 million. This is distinct from the value of his stake in Trump coin and trading fees."
_
According to Scott Galloway, Donald Trump and his relatives have allegedly been reaping the monetary benefits of being America's first family even before resuming office in January.
"The Trump family's net worth has increased by $3 billion or a billion dollars a month since he took office. Just some timeline," the entrepreneur alleged. "The
Trump coin launched on a Friday night under the cover of dark with all the news about the inauguration. By 3 a.m. on Sunday, it was valued at more than $70 billion and there were a small number of coins, a small number of investors who made large investments on a Friday. Maybe they got a tip or something. They made tens, if not hundreds, of millions. Then, over the course of the next couple weeks, about 800,000 smaller investors lost billions."
_
Scott Galloway's podcast co-host Kara Swisher asked if he was specifically talking about Melania Trump's cryptocurrency she launched right before Donald Trump's second inauguration.
"The Melania coin, two dozen traders made almost $100 million the weekend it came out, right? So, one person invested 64 seconds before the project was publicly announced. Within 24 hours, it made $40 million," Galloway said.
"But since then, Melania has lost 96% of its value," Swisher pointed out.
"Sure has," Galloway agreed.
_
Scott Galloway also claimed any attempt to look into the situation has been staunchly shut down by Donald Trump's Department of Justice.
"This market manipulation, this is what would technically be called insider trading by the SEC. We'll never know because on April 8th, Trump's deputy attorney general ordered the DOJ's crypto fraud investigation arm to disband," Galloway said. "The next day on April 9th, the same day that treasury secretary Scott Bessent affirmed that it was Main Street's turn to get wealthy, Trump posted on Truth Social, 'This is a great time to buy.' Donald Trump media at 9:37 a.m., between 1 and 1:10 p.m., there was a huge increase in bullish zero-day S&P 500 call options. Then just eight minutes later, Trump announced a 90-day pause on all of his tariffs and the market soared almost 10 percent, one of the biggest one-day gains in history. So someone knew what was going on."
"Of course they do — he calls them," chimed in Kara Swisher.
"That's called inside trading," Galloway reiterated.
