Trump made over $1 billion on crypto ventures last year, financial disclosure shows
President Trump’s financial disclosure released on Tuesday revealed that he earned over a billion dollars from his crypto-related ventures in the past year. This staggering amount includes royalties from his meme coin business and his family’s cryptocurrency firm.
The former president reported a whopping $635 million in royalties from a company that issues $TRUMP, a crypto token that he launched just three days before starting his second term in office. This “meme coin” quickly gained popularity, reaching a peak value of $74.24 within a day of its launch. As of Tuesday evening, its price had settled at $1.67, according to Coinbase.
In addition to the royalties from his meme coin business, President Trump also reported over $500 million in income from token sales by World Liberty Financial, a cryptocurrency company that he and his family are involved in. He also disclosed around $65 million from equity sales in the firm that controls World Liberty Financial, as well as $196 million in equity sales from Stablecoin Holdco LLC.
World Liberty Financial, co-founded by the president, his sons Eric and Donald Jr., and Zack and Alex Witkoff, focuses on various crypto ventures, including USD1, a stablecoin pegged at $1 per coin, and $WLF tokens. The company takes 75% of net revenue from these token sales, according to public reports.
The financial disclosure also highlighted the president’s earnings from his real estate businesses, such as his Mar-a-Lago club, golf club in Doral, Florida, and other golf clubs in Jupiter, Florida, Bedminster, New Jersey, and Turnberry, Scotland. Despite his success in real estate, his crypto-related income significantly exceeded these earnings.
The filing provided a detailed breakdown of the various ways the president’s name generates revenue, including royalties from “Trump Watches,” payments from Trump-branded sneakers, fragrances, and guitars, as well as income from his books and legal settlements with tech and media companies. Melania Trump’s ventures were also listed, including proceeds from a license agreement for the film “Melania,” sales of NFTs and collectibles, and earnings from her memoir.
The financial disclosure also noted several court judgments against the president as liabilities, including a penalty in a civil fraud case brought by New York Attorney General Letitia James and judgments owed to E. Jean Carroll. Despite these legal challenges, President Trump’s crypto ventures and other business interests continue to thrive.
Overall, the financial disclosure paints a picture of President Trump’s diverse sources of income, showcasing his success in the crypto industry alongside his traditional real estate ventures and other business endeavors.
