Trump Has Earned 57.7 Million USD From Cryptocurrency Project, Revealing It

(Bloomberg) -- President Donald Trump earned $57.7 million from selling tokens of the cryptocurrency company that he and his sons helped establish last year, according to his required federal financial disclosure form. The financial disclosure released by the Government Ethics Office on Friday provided detailed information about his vast empire, including hundreds of millions of dollars in income from hotels, golf resort properties, and cryptocurrency projects. The amount of $57.7 million comes from the sales of World Liberty Financial, a cryptocurrency company established last year before the election. Trump and his three sons, Donald Trump Jr., Eric Trump, and Barron Trump, are the founders of the company, according to the company's website. That amount of money is not the largest source of income for the president from private holdings. Trump Endeavor 12 LLC, a Miami-based company that owns golf courses and resorts, generated $110 million. His Mar-a-Lago club generated over $50 million in resort-related revenue. Trump, whose estimated net worth is $4.8 billion according to the Bloomberg Billionaires Index, values 22 assets at over $50 million, including Mar-a-Lago, his Turnberry golf resort in Scotland, and his stakes in World Liberty Financial and Trump Media & Technology Group Corp., the company that owns his Truth Social platform. Officials disclose their holdings' value in broad ranges with "over $50 million" being the highest, meaning they cannot be used to calculate an individual's net worth. For example, Trump Media is currently valued at $2.2 billion. Fight Fight Fight LLC, the company selling Trump's meme coin, was launched in January and was not included in the announcement, including for the year 2024. The company held a dinner attended by Trump for 220 of the largest $TRUMP coin holders in May. This event, when announced in April, caused the price of the coin to surge by 56%. CIC Digital LLC, a unit that generates revenue by licensing images of Trump on non-fungible tokens, generated an income of 1.1 million dollars in 2024. This company also holds an Ethereum wallet worth at least 1 million dollars. This 234-page disclosure also lists hundreds of brands owned by Trump around the world, including China, Taiwan, South Korea, Venezuela, and other countries, while detailing his personal investments that are not part of his business empire, as well as the holdings of First Lady Melania Trump. Trump listed 11 unpaid debts on the form, including two judgments against him won by author E. Jean Carroll relating to allegations of sexual assault and defamation, and a debt from the criminal fraud case in which he was convicted of 34 felonies. Those debts have been postponed until the outcome of the appeal that Trump has filed. He did not list any debts to lawyers or law firms arising from criminal and civil cases. Save America, his leadership political action committee, has paid most of those fees. Trump has seven unpaid real estate loans, including mortgages totaling over $50 million at Trump Tower, Trump National Doral, and 40 Wall Street. He also lists his American Express credit card debt as at least $15,000. Vice Chairman JD Vance also revealed that his and his wife Usha Vance's assets are worth at least 6.5 million dollars.