Grifting, the Trump Family Way
It’s been widely reported that Donald Trump will be facing huge financial obligations once he leaves office Jan. 20, 2021. He’s got over $400 million in personally-guaranteed business loans that will be coming due and a potential $200 million bill for back federal taxes. With business down significantly at his hotel and resort properties around the world, many are speculating he’s going to need a cash source outside of those businesses.
One possible source of cash could be speaking fees, particularly if Trump announces as soon as he leaves office that he’s considering running again in 2024. The Hollywood gossip website TMZ.com is reporting that Trump could command $1 million per speech in the U.S. and perhaps double that overseas.
There’s also conjecture that Melania Trump, as a former first lady, could be a hot commodity on the paid speaking circuit. She could find U.S. bookings for $75,000 – $125,000 and maybe up to $175,000 abroad. If she were to divorce the former president or decides to write a tell-all book those fees could go even higher.
Of all of Trump’s kids, daughter Ivanka looks like she could stand to make the most, perhaps pulling in $75,000 – $100,000 per speech. Don Jr., Eric and Tiffany would command much less.
Talent agency executives say they expect that Trump would mostly speak at Republican or other right-wing events in the U.S. His first overseas bookings, they say, could be in places like Israel and Russia, where he has lots of friends and supporters.
One possible complication, however, is that the Trumps are such polarizing figures there are fears that any agency that chooses to sign them could risk angering current clients who are anti-Trump, causing them to look for other representation.