Donald Trump invested up to $1 million in Victoria's Secret corporate bonds in December 2025. A financial disclosure report filed on January 14, 2026, revealed the purchase.
The investment immediately drew public scrutiny. This attention stems from the brand’s historical association with former CEO Les Wexner and his ties to Jeffrey Epstein.
The timing of the disclosure is notable because Wexner is expected to provide congressional testimony regarding his relationship with Epstein. This confluence fueled online speculation, with commentators questioning the motive behind Trump's investment and its connection to the upcoming testimony.