Trump defends his multi-million dollar gains: 'I don't do anything related to my businesses'

President Donald Trump has defended the substantial profits generated by his businesses during his time in office, asserting that his children and designated individuals manage these ventures. He stated in an interview with CNBC that he has no direct involvement in his business dealings.

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I don't do anything related to my businesses. My children run them. I have a lot of money. I've made a huge amount of money. I let other people invest it; I don't even know who they are.

"I don't do anything related to my businesses. My children run them. I have a lot of money. I've made a huge amount of money. I let other people invest it; I don't even know who they are," Trump told Joe Kernen.

This defense follows recent revelations from his annual financial report to the Office of Government Ethics, which indicated over $1 billion in income linked to cryptocurrency projects in the past year. These figures highlight a growing reliance on cryptocurrency investments, contrasting with his historical focus on real estate and licensing.

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In a way, I feel sorry for my children.

Trump has faced increased scrutiny since the release of his financial disclosures. He reiterated that investment decisions are made by third parties and defended his children's roles. "In a way, I feel sorry for my children," he remarked, acknowledging that nearly any business initiative they undertake could present a potential conflict of interest with his administration. He added that he has advised his children to stay as far away from such matters as possible, but noted, "But they also have their own lives, you know."

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But they also have their own lives, you know.