tl;dr
President Donald Trump earned $57.3 million from his crypto venture World Liberty Financial, a decentralized finance platform launched with his sons before the 2024 election. The platform raised $550 million from over 85,000 investors. Trump's total income exceeds $600 million from various ventures,...
President Donald Trump earned $57.3 million from his crypto venture World Liberty Financial, a decentralized finance platform launched with his sons before the 2024 election. This platform successfully raised $550 million through token sales, involving over 85,000 investors worldwide, prompting concerns from lawmakers who labeled the earnings as "open corruption."
Trump’s total income crosses $600 million from diverse ventures, including his substantial golf empire. Trump Endeavor 12 LLC, his Miami-based company managing golf courses and resorts, contributed $110 million, nearly double his crypto earnings. He disclosed ownership of 22 assets valued above $50 million each, featuring notable properties like the Turnberry Scotland golf resort and stakes in Trump Media & Technology Group.
Additional revenue streams include royalties totaling millions, such as $2.8 million from Trump Watches, $2.5 million from Trump Sneakers and Fragrances, and $1.3 million from the Greenwood Bible endorsement. Mar-a-Lago Club generated over $50 million, while CIC Digital LLC earned $1.1 million from NFT image licensing and holds an Ethereum wallet valued at least at $1 million.
Despite the financial success, Trump's crypto endeavors have attracted bipartisan criticism for conflicts of interest and ethical concerns. His recent meme coin project, Fight Fight Fight LLC, was excluded from the 2024 financial disclosure, though it experienced a notable 56% price increase after a high-profile dinner with major holders.
The disclosure also reveals Trump's outstanding financial obligations, including eleven significant debts related to legal judgments and seven real estate loans exceeding $50 million each, tied to prominent assets like Trump Tower and Trump National Doral. These details illustrate the complex intersection of Trump’s business ventures with his political life, highlighting significant revenue alongside substantial liabilities.