President Donald Trump reported more than $600 million in income from various business ventures including cryptocurrencies, golf clubs and licensing fees, according to a financial disclosure.
This eye-opening disclosure sheds light on the sprawling empire owned by the billionaire president, intensifying discussions about potential conflicts of interest amid ongoing criticisms of his business dealings.
Trump’s Assets
The annual financial disclosure form, which appears to cover the 2024 calendar year, discloses significant increases in the businessman-turned-politician’s wealth, primarily fueled by a substantial rise in his cryptocurrency investments.
Analysts at Reuters calculated that Trump’s total assets amount to a staggering $1.6 billion, illustrating the substantial financial resources underlying his activities.
Trump Business Ventures
While the president has consistently maintained that he has placed his businesses into a trust managed by his children, the financial disclosures reveal a different narrative.
Critics argue that income from his ventures continues to flow directly to Trump, raising serious questions about transparency and ethical governance.
Press Secretary Karoline Leavitt addressed this issue in an emailed statement, asserting, “President Trump, Vice President J.D. Vance, and senior White House staff have completed required ethics briefings and financial reporting obligations. The Trump Administration is committed to transparency and accessibility for the American people.”
The ‘Memecoin’
As more details emerge from the filing, it becomes clear that Trump’s financial interests in crypto have grown exponentially.
Notably, a memecoin launched by the president, known as $TRUMP, has reportedly garnered an estimated $320 million in fees. However, the precise allocation of those earnings between Trump-controlled entities and partners remains elusive.
This murky financial landscape begs the question: How intertwined are the GOP leader’s economic successes with U.S. policy changes during his administration?
The figures disclosed also reveal that beyond crypto, the Trump family’s various business endeavors yielded substantial profits, with more than $400 million coming from World Liberty Financial, a decentralized finance company affiliated with the former president.
The commander-in-chief himself reported receiving $57.35 million from token sales at World Liberty and disclosed that he holds 15.75 billion governance tokens in the venture.
Real Estate
The extent of Trump’s fortunes extends far beyond cryptocurrencies. His interests in real estate are equally impressive, with significant stakes in Trump Media & Technology Group, which owns the social media platform Truth Social.
According to the filing, he reported at least $12 million in income through passive investments worth a total of $211 million, showcasing a diverse financial portfolio.
In an attempt to broaden his international footprint, the prez also listed $5 million in licensing fees from a development project in Vietnam and $10 million from a project in India. Furthermore, he collected nearly $16 million in licensing fees for a venture in Dubai.
The former president has also strategically invested in various intellectual properties, receiving royalty fees from a range of products including $2.8 million from Trump Watches and $2.5 million from Trump Sneakers and Fragrances.
The post Trump’s $600M Windfall by the Numbers appeared first on Knewz.
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Author: Joshua Wilburn
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