Kathrine Frich
White House spokesperson Taylor Rogers defended the investments.
When top leaders shape national policy, whole industries can shift overnight.
Billions of dollars move based on a single signature in the Oval Office.
Sometimes the people holding the pen also hold a personal stake in the market.
Following the money
President Donald Trump stands to gain from his administration’s massive push into atomic power. A recent review of his 2025 financial disclosure by NOTUS revealed he holds between $6.4 million and $19.45 million in nuclear technology and utility companies.
The president owns a significant chunk of major industry players. His portfolio includes up to $11.5 million in Duke Energy and up to $1.4 million in Constellation Energy.
White House spokesperson Taylor Rogers defended the investments to NOTUS. She noted that independent third parties manage the accounts without direct input from the Oval Office.
“President Trump has unleashed a nuclear energy renaissance and reignited meaningful progress in America’s nuclear power production,” Rogers stated. “The media’s continued attempts to fabricate conflicts of interest are irresponsible and only deepen the public’s distrust in what they read.”
A global push
The federal government recently proposed a major international agreement. The ambitious deal would let American energy businesses build civilian nuclear facilities in Saudi Arabia.
Beyond traditional utilities, the president’s own brand is making heavy bets on experimental technology. In December, his media company announced a $6 billion merger with a Taiwanese fusion startup called TAE Technologies.
Ethics experts are watching these global moves closely. Kedric Payne from the Campaign Legal Center told NOTUS that such deals naturally spark public suspicion.
Payne noted that whenever a leader announces major foreign policies, citizens reasonably ask how the president might profit. He argued this instinct reveals a severe breakdown in public trust.
Speeding up permits
The domestic regulatory landscape shifted dramatically last May. The president signed four executive orders to speed up reactor licensing and secure fuel supplies.
According to the financial disclosure, Trump bought up to $485,000 in energy stock within three weeks of signing those specific orders. Over the entire year, he purchased millions in energy shares.
Meanwhile, the Department of Energy continues to pump federal money into the sector. Officials announced a $17.5 billion loan program for commercial reactors just one month before the Saudi agreement surfaced.
Sources: NOTUS
