Latest news with #OfficeofGovernmentEthics
Daily Tribune
16-06-2025
- Business
- Daily Tribune
Trump pocketed over $57 million from crypto coin sales
US President Donald Trump pocketed more than $57 million from token sales by the crypto venture he and his sons helped launch last year, according to federal financial disclosure forms released by the White House. The more than 230- page document issued by the Office of Government Ethics, dated Friday, lists the US pres- ident's holdings including stocks, dividends, realestate and investmen t portfolios. It showed that Trump, w h o during his first presidential election campaign in 2016 broke with the long tradition of candidates publishing their income tax returns, raked in $57.4 million from the sale of World Liberty Financial tokens. Trump and his sons helped launch the cryptocurrency investment and lending platform ahead of last year's election, raising conflict of interest concerns especially after he went on to win. He lent his name to this new company and launched a 'Trump' memecoin in January, just hours before his inauguration. World Liberty Financial had issued 100 billion tokens, of which some 22.5 billion were allocated to the Trump-affiliated company DT Marks Defi. Once hostile to the crypto industry, Trump has since returning to power enthusiastically embraced the sector, taking significant steps to clear regulatory hurdles and making large-scale investments. Trump has, among other moves, appointed crypto advocate Paul Atkins to head the Securities and Exchange Commission (SEC). He has also established a federal 'Strategic Bitcoin Reserve' aimed at auditing the government's bitcoin holdings, which were mainly accumulated by law enforcement from judicial seizures. Cryptocurrencies now have 'a champion and an ally' in the White House, Vice President JD Vance said last month during a bitcoin conference in Las Vegas. The document also provides an overview of the royalties that Trump has received through the sale of branded products and licensing agreements around the world. For instance, he earned $2.8 million from watches and $2.5 million from perfumes and sneakers. His Mar-a-Lago club in Florida also generated over $50 million in income for the president. Trump's golf courses around the world also helped pad his coffers, allowing him to pocket $29.1 million from the one in West Palm Beach, and $110.4 from the one in Miami. The president also received a monthly retirement payment of $6,484 from the Screen Actors Guild (SAG).
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First Post
16-06-2025
- Business
- First Post
From crypto to perfumes, how Trump earned over $600 million in 2024
US President Donald Trump has earned over $600 million in 2024 from stocks, real estate, investments and other ventures. His Mar-a-Lago club generated over $50 million in income read more Then former President Donald Trump speaks at the Bitcoin 2024 Conference in Nashville, Tennessee. File image/AP US President Donald Trump pocketed more than $57 million from token sales by the crypto venture he and his sons helped launch last year, according to federal financial disclosure forms released by the White House. The more than 230-page document issued by the Office of Government Ethics, dated Friday (June 13), lists the US president's holdings including stocks, dividends, real estate and investment portfolios . It showed that Trump, who during his first presidential election campaign in 2016 broke with the long tradition of candidates publishing their income tax returns, raked in $57.4 million from the sale of World Liberty Financial tokens. STORY CONTINUES BELOW THIS AD Trump and his sons helped launch the cryptocurrency investment and lending platform ahead of last year's election, raising conflict of interest concerns especially after he went on to win. He lent his name to this new company and launched a 'Trump' memecoin in January, just hours before his inauguration. World Liberty Financial had issued 100 billion tokens, of which some 22.5 billion were allocated to the Trump-affiliated company DT Marks Defi. The $TRUMP coin was launched before Donald Trump's January 20 inauguration. Representational image/Reuters Once hostile to the crypto industry, Trump has since returning to power enthusiastically embraced the sector, taking significant steps to clear regulatory hurdles and making large-scale investments. Trump has, among other moves, appointed crypto advocate Paul Atkins to head the Securities and Exchange Commission (SEC). He has also established a federal 'Strategic Bitcoin Reserve' aimed at auditing the government's bitcoin holdings, which were mainly accumulated by law enforcement from judicial seizures. Cryptocurrencies now have 'a champion and an ally' in the White House, Vice President JD Vance said last month during a bitcoin conference in Las Vegas. The document also provides an overview of the royalties that Trump has received through the sale of branded products and licensing agreements around the world. For instance, he earned $2.8 million from watches and $2.5 million from perfumes and sneakers. STORY CONTINUES BELOW THIS AD His Mar-a-Lago club in Florida also generated over $50 million in income for the president. Trump's golf courses around the world also helped pad his coffers, allowing him to pocket $29.1 million from the one in West Palm Beach, and $110.4 from the one in Miami. The president also received a monthly retirement payment of $6,484 from the Screen Actors Guild (SAG).
NDTV
15-06-2025
- Business
- NDTV
Crypto, Golf, Watches, Perfumes: How Trump Earned Over $600 Million in 2024
US President Donald Trump pocketed more than $57 million from token sales by the crypto venture he and his sons helped launch last year, according to federal financial disclosure forms released by the White House. The more than 230-page document issued by the Office of Government Ethics, dated Friday, lists the US president's holdings including stocks, dividends, real estate and investment portfolios. It showed that Trump, who during his first presidential election campaign in 2016 broke with the long tradition of candidates publishing their income tax returns, raked in $57.4 million from the sale of World Liberty Financial tokens. Trump and his sons helped launch the cryptocurrency investment and lending platform ahead of last year's election, raising conflict of interest concerns especially after he went on to win. He lent his name to this new company and launched a "Trump" memecoin in January, just hours before his inauguration. World Liberty Financial had issued 100 billion tokens, of which some 22.5 billion were allocated to the Trump-affiliated company DT Marks Defi. Once hostile to the crypto industry, Trump has since returning to power enthusiastically embraced the sector, taking significant steps to clear regulatory hurdles and making large-scale investments. Trump has, among other moves, appointed crypto advocate Paul Atkins to head the Securities and Exchange Commission (SEC). He has also established a federal "Strategic Bitcoin Reserve" aimed at auditing the government's bitcoin holdings, which were mainly accumulated by law enforcement from judicial seizures. Cryptocurrencies now have "a champion and an ally" in the White House, Vice President JD Vance said last month during a bitcoin conference in Las Vegas. The document also provides an overview of the royalties that Trump has received through the sale of branded products and licensing agreements around the world. For instance, he earned $2.8 million from watches and $2.5 million from perfumes and sneakers. His Mar-a-Lago club in Florida also generated over $50 million in income for the president. Trump's golf courses around the world also helped pad his coffers, allowing him to pocket $29.1 million from the one in West Palm Beach, and $110.4 from the one in Miami. The president also received a monthly retirement payment of $6,484 from the Screen Actors Guild (SAG).
Hindustan Times
15-06-2025
- Business
- Hindustan Times
Did Trump earn over $50 mn from crypto? POTUS made massive amount by selling watches, sneakers and bibles
President Donald Trump made more than $10 million last year selling items like watches, sneakers, Bibles, and guitars. But the most money came from a cryptocurrency platform, according to a new financial disclosure. The report, released Friday by the Office of Government Ethics, shows Trump earned $57.3 million from his stake in World Liberty Financial, a crypto company. Trump's "$TRUMP" memecoin wasn't included in the report because it launched in January, but it has reportedly made about $320 million in fees so far. Trump also made millions in licensing fees. His Mar-a-Lago resort in Florida brought in over $50 million, according to the 234-page report, which appears to cover income from the 2024 calendar year. In comparison, President Joe Biden's financial disclosure was just 11 pages. $2.8 million from Trump Watches $3 million from "Save America" coffee table books $2.5 million from Trump-branded sneakers and cologne $1.3 million from sales of the Greenwood Bible $1.05 million from '45' branded guitars Trump launched the guitars in late 2023. The electric and acoustic models featured an American eagle and sold for $1,500 to $10,500. Earlier in 2024, Trump released his 'Never Surrender' high-top sneakers at $399 a pair. Also Read: Donald Trump to impose travel restrictions on 36 countries? Here's what we know Trump has promoted these items to supporters, despite critics accusing him of using his political fame for personal profit. His crypto work is also getting attention. A Financial Times report last month said Trump's media company plans to raise $3 billion to invest in Bitcoin and other crypto. Trump Media & Technology Group — which owns Truth Social — is reportedly trying to raise $2 billion in new equity and $1 billion through a bond deal. Some critics say this raises conflict-of-interest concerns, as Trump could benefit from policies he supports in office. Last month, Trump held a private dinner at his Virginia golf club for 200 top investors in the $TRUMP memecoin. One ethics group called it 'nakedly corrupt.'
7NEWS
15-06-2025
- Business
- 7NEWS
Donald Trump's financial disclosures reveal surprising income streams
US President Donald Trump continues to enjoy income streams from scores of luxury properties and business ventures, many of which are worth tens of millions of dollars, according to a financial disclosure form filed late Friday. Released by the Office of Government Ethics, Trump's 2025 financial disclosure spans 234 pages in all, including 145 pages of stock and bond investments. It is dated Friday with Trump's signature. One of the largest sources of income is the US$57,355,532 (A$88 million) he received from his ownership stake in World Liberty Financial, the cryptocurrency platform launched last year. The form shows that World Liberty's sales of digital tokens have been highly lucrative for Trump and his family. Trump's three sons, Donald jnr, Eric and Barron, are listed on the company's website as co-founders of the firm. Separately, Trump's meme coin, known on crypto markets simply as $TRUMP, was not released until January and is therefore not subject to the disclosure requirements for this form, which covered calendar year 2024. It was a lucrative year for Trump when it came to royalty payments for the various goods that are sold featuring his name and likeness. Among the royalty payments: 'Save America' (coffee table book) — $3,000,000 Trump Sneakers and Fragrances — $2,500,000 Trump Watches — $2,800,000 The Greenwood Bible — $1,306,035 '45' Guitar — $1,055,100 NFT licensing and royalties — $1,157,490 The filing also includes a listing of liabilities, including at least $15,000 on an American Express credit card and payments due to E. Jean Carroll, the woman who successfully sued Trump over sexual abuse and defamation, though he is still seeking to appeal the decision. The rest of the document includes dozens of pages of lengthy footnotes about his various assets. The form was filed to comply with federal requirements for executive branch office holders. By comparison, the form former President Joe Biden filed in 2024 was 11 pages and consisted largely of conventional sources of income like bank and retirement accounts, while Kamala Harris' was 15 pages. Many of Trump's key assets are held in a revocable trust overseen by Donald Trump jnr, his eldest son. They include more than 100,000 shares of Trump Media and Technology Group, the social media company that went public in 2024. Trump is the largest shareholder, and his holding of nearly 53 per cent is worth billions of dollars. Those holdings were still disclosed in the form.
