Donald Trump is to walk away from his multibillion dollar empire

first_img Tweet thisShare on FacebookEmail this article http://jrnl.ie/3111245 Source: Donald J. Trump/Twitter Source: Donald J. Trump/Twitter Source: Donald J. Trump/Twitter Nov 30th 2016, 2:02 PM Donald Trump yells his trademark You’re Fired! as he poses next to his daughter Ivanka Trump. (File, 2008) Source: AP/Press Association ImagesUS PRESIDENT-ELECT Donald Trump has said that he will be leaving his businesses “in total” so he can “fully focus” on the job of running the country.In a series of tweets this morning, the billionaire president of The Trump Organization said that he will announce details of his plans at a press conference with his children next month.Trump has previously stated that he would pass the running of his company onto his children if he became president. His latest statement appears to go further, saying that he will step completely away from his group of companies. great business in total in order to fully focus on running the country in order to MAKE AMERICA GREAT AGAIN! While I am not mandated to ….— Donald J. Trump (@realDonaldTrump) November 30, 2016 I will be holding a major news conference in New York City with my children on December 15 to discuss the fact that I will be leaving my …— Donald J. Trump (@realDonaldTrump) November 30, 2016 Concerns have already been raised during the transition process about conflicts of interests involving Trump, his children and the corporation.For example, the office of the President of Argentina was forced to deny a report that Trump had spoken to President Mauricio Macri about the stalled planning permission for a Buenos Aires Trump tower during a congratulatory call between the two.Donald Trump’s daughter Ivanka also raised eyebrows when her company sent journalists details of the branded jewellery she wore during a TV interview. The jewellery in question was from Trump Fine Jewelry, a company founded by Ivanka.Elsewhere, it’s been confirmed that Goldman Sachs executive Steven Mnuchin will be Trump’s Treasury Secretary while financier Wilbur Ross will lead the Commerce Department in Trump’s administration.Ross is best known in Ireland as the man who led a group of five investors that acquired a 35% stake in Bank of Ireland in 2011 for the knock-down price of €1.1 billion.After selling off his shares in two tranches, Ross is believed to have made more than €500 million from his investment in Bank of Ireland.Read: ‘A wonderful evening’: Mitt Romney had a cosy dinner last night with Trump, the man he labelled a fraud >Read: Taoiseach Goes Stateside: ‘If Enda does meet Trump, he shouldn’t go cap in hand’ > By Rónán Duffycenter_img 26,588 Views Wednesday 30 Nov 2016, 2:02 PM do this under the law, I feel it is visually important, as President, to in no way have a conflict of interest with my various businesses..— Donald J. Trump (@realDonaldTrump) November 30, 2016 Source: Donald J. Trump/Twitter Share161 Tweet Email Hence, legal documents are being crafted which take me completely out of business operations. The Presidency is a far more important task!— Donald J. Trump (@realDonaldTrump) November 30, 2016 Donald Trump is to walk away from his multi-billion dollar empire The US President-elect will pass the organisation onto his children. Short URL 80 Comments last_img read more