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Trump earned $57 mn in crypto, $217 mn from golf clubs in 2024, financial disclosure shows
While Trump has said he has put his businesses into a trust managed by his children, the disclosures show how income from those sources still ultimately accrues to the president read more
The proposed legislation could tax remittances and dwindle the flow of money from US to India. AI-generated representational image
US President Donald Trump on Friday (June 13) published the first annual financial disclosure form of his second term, revealing more than $600 million in income from crypto, golf clubs, licensing and other ventures. The report covers the 2024 calendar year.
Overall, the president revealed total assets worth $1.6 billion in the report, reported Reuters.
In the annual filing signed June 13, Trump reported $57.35 million in revenue from token sales at World Liberty Financial, a crypto firm tied to his family. He also declared owning 15.75 billion governance tokens in the project.
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While Trump has said he has put his businesses into a trust managed by his children, the disclosures show how income from those sources still ultimately accrue to the president - something that has opened him to accusations of conflicts of interest.
Some of his businesses in areas such as crypto, for example, benefit from US policy shifts under him and have become a source of criticism.
The cryptocurrency listings and other details in the disclosure cover activities only through December 2024, missing most of the funds raised by the Trump family's crypto ventures. Given how quickly the Trump family has struck deals during his rise to the presidency, the filing feels like a snapshot of a time when they were just dipping into crypto but still focused mainly on real estate and golf clubs.
A meme coin launched earlier this year by the president, called $TRUMP, has reportedly generated about $320 million in fees. However, it's unclear how much of that money went to a Trump-controlled entity versus its partners.
The Republican businessman-turned-politician's wealth spans crypto, real estate, and a significant portion tied to his stake in Trump Media & Technology Group (DJT.O), which owns the social media platform Truth Social.
In addition to income from his businesses, the president reported at least $12 million in earnings, including interest and dividends, from passive investments worth at least $211 million, according to a Reuters calculation.
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The disclosure showed income from various assets including Trump's properties in Florida. Trump's three golf-focused resorts in the state - Jupiter, Doral and West Palm Beach - plus his nearby private members' club at Mar-a-Lago generated at least $217.7 million in income, according to the filing.
Trump National Doral, the expansive Miami-area golf hub known for its Blue Monster course, was the family's single largest income source at $110.4 million.The income figures provided are essentially revenues, not net profits after subtracting costs.
The disclosure underlined the global nature of the Trump family business, listing income of $5 million in license fees from a development in Vietnam, $10 million in development fees from a project in India and almost $16 million in licensing fees for a Dubai project.
Trump collected royalty money, also, from a variety of deals - $1.3 million from the Greenwood Bible (its website describes it as 'the only Bible officially endorsed by Lee Greenwood and President Trump'); $2.8 million from Trump Watches, and $2.5 million from Trump Sneakers and Fragrances.
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Trump listed $1.16 million in income from his NFTs - digital trading cards in his likeness - while First Lady Melania Trump earned around $216,700 from license fees on her own NFT collection.
(With inputs from Reuters)
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