He’s bought Bibles, sneakers, picture books and cryptocurrency throughout his third marketing campaign for president. Now, Donald Trump is launching a brand new enterprise enterprise: diamond-encrusted watches.
The Republican presidential candidate unveiled the “Official Trump Watch Collection” on Thursday. The costliest, listed as together with 122 diamonds on its bezel and out there in three 18-karat gold kinds, prices $100,000. One other “Fight Fight Fight” mannequin is listed at $499.
Trump has hawked a sequence of branded merchandise since he launched his 2024 White Home marketing campaign, following his lengthy custom of melding his political and enterprise pursuits. Thursday’s launch, coming 40 days earlier than Election Day, might open him as much as criticism about monetizing his marketing campaign, notably as he makes an argument that Vice President Kamala Harris is out of contact with People’ financial struggles.
Whereas web sites for the varied merchandise be aware that proceeds from their gross sales don’t immediately profit Trump or his marketing campaign, in addition they be aware that every is topic to a “paid license agreement.” That’s the identical mechanism that allowed Trump, properly earlier than he entered politics, to revenue for years from gross sales of the whole lot from water, vodka and steaks.
Earlier this week, he introduced the sale of $100 silver cash bearing his face. In March, forward of Easter, Trump launched a video on Reality Social urging his supporters to spend $59.99 for a “God Bless the USA Bible,” impressed by nation singer Lee Greenwood’s patriotic ballad. Trump takes the stage to the music at every of his rallies and has appeared with Greenwood at occasions.
In February, he hawked new Trump-branded sneakers at “Sneaker Con,” a gathering that payments itself because the “The Greatest Sneaker Show on Earth.” The footwear, shiny gold excessive tops with an American flag element on the again, are being bought as “Never Surrender High-Tops” for $399 on a brand new web site that additionally sells different Trump-branded footwear and “Victory47” cologne and fragrance for $99 a bottle.
Trump has additionally dabbled in NFTs, or nonfungible tokens, and final 12 months reported incomes between $100,000 and $1 million from a sequence of digital buying and selling playing cards that portrayed him in cartoon-like photos, together with as an astronaut, a cowboy and a superhero.
A few of these objects, together with the cash, sneakers and Bibles, have been listed as affiliated with CIC Ventures LLC, an organization that Trump reported proudly owning in his 2023 monetary disclosure, has an analogous association with 45Footwear, which additionally says it makes use of Trump’s “name, likeness and image under paid license from CIC Ventures LLC, which license may be terminated or revoked according to its terms.”
The objects have gone up on the market within the wake of a $489 million civil fraud judgment towards the previous president, which a New York appellate courtroom on Thursday seemed to be open to lowering or reversing.
In line with a disclaimer on a gross sales web site, the watches are lined by an analogous settlement to license Trump’s title, picture and likeness, and proceeds from their gross sales don’t go to Trump’s marketing campaign or the Trump Group and “are not designed, manufactured, distributed or sold by Donald J. Trump, The Trump Organization or any of their respective affiliates or principals.”
As an alternative, TheBestWatchesonEarth LLC — the corporate listed because the gross sales entity — says it makes use of the “‘Trump’ name, image and likeness under a paid license agreement which may be terminated or revoked according to its terms. Trump Watches are intended as collectible items for individual enjoyment only, not for investment purposes.”
A spokesperson for the Trump marketing campaign referred questions in regards to the licensing deal to the Trump Group, which didn’t instantly return a message searching for remark. TheBestWatchesonEarth LLC additionally didn’t instantly reply to an inquiry on the deal through its web site.
