US President Donald Trump disclosed over $600 million in earnings from a mix of cryptocurrency ventures, real estate assets, and branded merchandise in a newly released financial disclosure for 2024.
Key Takeaways:
- Trump disclosed over $600 million in 2024 earnings, much of it from crypto ventures.
- His total asset base now exceeds $1.6 billion, with significant income from NFTs, token sales, and real estate.
- The revelation raises concerns over potential conflicts of interest during his presidency.
The filing, made public Friday, outlines the president’s sprawling business portfolio, including significant gains from digital assets and meme coin projects.
While the exact timeframe isn’t specified, the report appears to cover income through the end of December 2024.
Trump Assets Top $1.6 Billion, Earnings Surge
Trump’s estimated asset base now exceeds $1.6 billion, according to a Reuters analysis.
Notably, a large portion of his 2024 windfall came from crypto-related endeavors, including over $320 million in estimated fees from the meme coin $TRUMP, and more than $400 million from World Liberty Financial, a decentralized finance firm.
The disclosure also shows Trump received $57.35 million from token sales and holds 15.75 billion governance tokens in the venture.
The report sheds light on the growing entanglement between Trump’s business interests and the U.S. crypto industry.
His involvement in Bitcoin mining, tokenized assets, and digital ETFs is raising concerns about potential conflicts of interest.
Critics have pointed out that some of his businesses have seen tailwinds from favorable policy decisions during his time in office.
Trump Media & Technology Group, parent company of Truth Social, also remains a core asset.
While exact valuations are unclear, revenue from branded merchandise and licensing deals continue to flow in.
Among them, $2.8 million from Trump Watches, $2.5 million from Trump-branded sneakers and fragrances, and over $1 million from his NFT trading cards.
In the physical world, Trump’s Florida golf resorts brought in $217.7 million, led by the Trump National Doral, which earned over $110 million.
Additional income came from real estate projects in India, Dubai, and Vietnam, with licensing and development fees totaling over $30 million.
The filing also included $12 million in passive income through investments in Blue Owl Capital and U.S. bond funds.
Despite previously claiming to have distanced himself from day-to-day management, the disclosure confirms Trump remains deeply tied to the financial performance of his vast network of businesses, including crypto.
SEC Approves Trump Media’s $2.3B Bitcoin-Linked Registration
As reported, the SEC has approved Trump Media and Technology Group’s (TMTG) registration statement tied to a $2.3 billion Bitcoin treasury initiative.
The June 13 filing covers 85 million shares, including 29 million linked to convertible notes.
While the approval gives TMTG flexibility to raise capital, the firm says it has no immediate plans to issue new securities.
The SEC’s green light comes just weeks after TMTG confirmed a $2.5 billion capital raise to accumulate Bitcoin, following earlier denials.
In that May 27 announcement, Nunes characterized Bitcoin as “an apex instrument of financial freedom,” asserting that it would become a core part of the company’s asset base.
The post Trump’s Crypto Bet Pays Off: Over $600M Reported in 2024 Earnings appeared first on Cryptonews.
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