The US president bought a stake in Kura Sushi USA in February, according to his latest financial disclosure, despite rumors that he is not a fan of sushi.
US President Donald Trump invested $1-5 million in a conveyor belt sushi restaurant earlier this year, a report detailing his financial dealings has revealed. Although he is known to love fast food, it is said that he is not a fan of sushi.
According to Trump’s latest financial disclosure, which was made public last Thursday by the US Office of Government Ethics, he bought shares in Kura Sushi USA on February 2.
The US subsidiary of the Japanese chain currently operates 88 restaurants across the US and is launching a revolving Sushi Bar, where diners select dishes on a conveyor belt.
According to Bloomberg, Kura Sushi’s parent company saw its Tokyo-listed shares rise 5.4% on Monday, posting its biggest one-day gain in nearly a year.
The transaction is marked as ‘solicited’ in Trump’s financial disclosures, meaning it may have been made at the recommendation of a financial broker or investment adviser who oversees the president’s accounts.
The Trump Organization has said that to avoid conflicts of interest, the president’s investments are “independently managed by third-party financial institutions,” without any comment from Trump or his family members.
Some of the other investments made in the name of the president earlier this year include giants like Amazon, Apple, Nvidia, Microsoft, Meta Platforms, and Oracle, with transactions worth $5 million to $25 million.
Several other restaurant chains also made the list, including Chipotle Mexican Grill, Domino’s Pizza, and Starbucks.
As for sushi, Trump may not be a fan, as alleged in the 1993 book ‘Lost Tycoon: The Many Lives of Donald J. Trump’.
During a 2017 visit to Japan, Trump was reportedly served hamburgers for lunch and a dinner of Wagyu beef, nuts and shrimp.
He is known to have a strong affinity for McDonald’s and was famously photographed receiving an order as it was delivered to the Oval Office last month.
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