Credited from: INDIATIMES
U.S. President Donald Trump revealed over $600 million in income from cryptocurrency, golf clubs, and licensing ventures in a public financial disclosure report released on June 13. This report provides a comprehensive view of Trump's vast business holdings, indicating that his push into the crypto sector significantly contributed to his overall wealth, which was estimated to total at least $1.6 billion according to calculations by Reuters and India Times.
The financial disclosure seems to cover the 2024 calendar year and indicates that Trump's cryptocurrency efforts alone have garnered substantial income. Specifically, Trump reported receiving $57.35 million from token sales at the crypto firm World Liberty Financial, where he also holds 15.75 billion governance tokens. Additionally, his newly launched meme coin, $TRUMP, has reportedly generated around $320 million in fees this year, though the distribution of these earnings between Trump-controlled entities and their partners remains unclear, according to Channel News Asia and Reuters.
In addition to his cryptocurrency gains, Trump's other ventures have yielded impressive revenues. His three golf resorts in Florida - Jupiter, Doral, and West Palm Beach - collectively generated over $217.7 million in income, with the Doral property being the largest contributor at approximately $110.4 million. Trump also reported various licensing fees and royalties, totaling significant amounts from diverse sources, including $5 million from developments in Vietnam, $10 million from India, and $2.5 million from his product lines such as Trump Sneakers and Trump Watches, according to Channel News Asia, India Times, and Reuters.
The conflicts of interest raised by the financial disclosures have drawn attention as Trump's businesses benefit from policies enacted during his presidency. Although Trump claims to manage these interests within a trust overseen by his children, the income generated from these ventures ultimately contributes to his wealth. The filing is seen as a snapshot of Trump's business landscape during a pivotal time in his career, intricately linking his personal finances to his political activities, as reported by Channel News Asia, Reuters, and India Times.