Trump reports hundreds of millions of dollars from crypto, golf, licensing fees
US President Donald Trump participates in an Invest America Roundtable in the State Dining room, at the White House, in Washington D.C., June 9, 2025. REUTERS/ Evelyn Hockstein
US President Donald Trump reported hundreds of millions of dollars in income from crypto, golf clubs and licensing ventures in a public financial disclosure report released on Friday that provided a glimpse of the vast business holdings of America's billionaire president.
The annual financial disclosure form, which appeared to cover the 2024 calendar year, shows the president's push into crypto added substantially to his wealth but he also reported large fees from developments and revenues from his other businesses.
While Trump has said he has put his businesses into a trust managed by his children, the disclosures show how income from them still ultimately accrue to the president — something that has opened him to 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 White House did not immediately respond to a request for comment.
The financial disclosure was signed on June 13 and did not state the time period it covered. The details of the cryptocurrency listings, as well as other information in the disclosure, suggest it was through the end of December 2024, which would exclude most of the money raised by the family's cryptocurrency ventures.
Given the speed at which the Trump family has made deals during his ascent to the presidency, the filing is already a time capsule of sorts, capturing a period when they were just starting to get into crypto but were largely still in the world of real estate deals and golf clubs.
A meme coin released earlier this year by the president – $TRUMP – alone has earned an estimated $320 million in fees, though it's not publicly known how that amount has been divided between a Trump-controlled entity and its partners.
In addition to the meme coin fees, the Trump family has raked in more than $400 million from World Liberty Financial, a decentralized finance company. The Trump family is involved, also, with a bitcoin mining operation and digital asset exchange-traded funds.
In the disclosures, Trump reported $57.35 million from token sales at World Liberty. He also reported holding 15.75 billion governance tokens in the venture.
The wealth of the Republican businessman-turned-politician ranges from crypto to real estate, and a large part on paper is tied up in his stake in Trump Media & Technology Group, owner of social media platform Truth Social.
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.
The disclosure also listed income of $5 million in license fees from a development in Vietnam.
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.
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 her own NFT collection. —Reuters
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
GMA Network
35 minutes ago
- GMA Network
Israel says attacks on Iran are 'nothing' compared with what is coming
Rescuers work at the site of a damaged building, in the aftermath of Israeli strikes, in location given as Tehran, Iran, in this screen grab from a handout video released on June 14, 2025. Iranian Red Crescent Society/Handout via REUTERS JERUSALEM/DUBAI - Iran and Israel traded missiles and airstrikes on Saturday, the day after Israel launched a sweeping air offensive against its old enemy, killing commanders and scientists and bombing nuclear sites in a stated bid to stop it building an atomic weapon. Israeli Prime Minister Benjamin Netanyahu said Israel's strikes had set back Iran's nuclear program possibly by years but rejected international calls for restraint, saying the attack would be intensified. "We will hit every site and every target of the Ayatollahs' regime, and what they have felt so far is nothing compared with what they will be handed in the coming days," he said in a video message. In Tehran, Iranian state TV reported that around 60 people, including 20 children, had been killed in an attack on a housing complex, with more strikes reported across the country. Israel said it had attacked more than 150 targets. In Israel, air raid sirens sent residents into shelters as waves of missiles streaked across the sky and interceptors rose to meet them. At least three people were killed overnight. An Israeli official said Iran had fired around 200 ballistic missiles in four waves. US President Donald Trump has lauded Israel's strikes and warned of much worse to come unless Iran quickly accepts the sharp downgrading of its nuclear program that the US has demanded in talks that had been due to resume on Sunday. But with Israel saying its operation could last weeks, and urging Iran's people to rise up against their Islamic clerical rulers, fears have grown of a regional conflagration dragging in outside powers. The United States, Israel's main ally, helped shoot down Iranian missiles, two US officials said. "If (Supreme Leader Ayatollah Ali) Khamenei continues to fire missiles at the Israeli home front, Tehran will burn," Israeli Defense Minister Israel Katz said. Iran had vowed to avenge Friday's Israeli onslaught, which gutted Iran's nuclear and military leadership and damaged atomic plants and military bases. Tehran warned Israel's allies that their military bases in the region would come under fire too if they helped shoot down Iranian missiles, state television reported. However, 20 months of war in Gaza and a conflict in Lebanon last year have decimated Tehran's strongest regional proxies, Hamas in Gaza and Hezbollah in Lebanon, reducing its options for retaliation. Gulf Arab states that have long mistrusted Iran but fear coming under attack in any wider conflict have urged calm as worries about disruption to the region's crucial oil exports boosted the price of crude by about 7% on Friday. Lawmaker and military general Esmail Kosari said Iran was reviewing whether to close the Strait of Hormuz, the exit point for oil shipped from the Gulf. Night of blasts and fear in Israel and Iran Iran's overnight fusillade included hundreds of ballistic missiles and drones, an Israeli official said. Three people, including a man and a woman, were killed and dozens wounded, the ambulance service said. In Rishon LeZion, south of Tel Aviv, emergency services rescued a baby girl trapped in a house hit by a missile, police said, but later on Saturday Tel Aviv beaches were busy with people enjoying the weekend. In the western suburb of Ramat Gan, near Ben Gurion airport, Linda Grinfeld described her apartment being damaged: "We were sitting in the shelter, and then we heard such a boom. It was awful." The Israeli military said it had intercepted surface-to-surface Iranian missiles as well as drones, and that two rockets had been fired from Gaza. In Iran, Israel's two days of strikes destroyed residential apartment buildings, killing families and neighbors as apparent collateral damage in strikes targeting scientists and senior officials in their beds. Iran said 78 people had been killed on the first day and scores more on the second day, many of them when a missile brought down a 14-storey apartment block in Tehran. State TV said 60 people were believed to have been killed there, though the figure was not officially confirmed. It broadcast pictures of a building flattened into debris and the facade of several upper storeys lying sideways in the street, while slabs of concrete dangled from a neighboring building. "Smoke and dust were filling all the house and we couldn't breathe," 45-year-old Tehran resident Mohsen Salehi told Iranian news agency WANA after an overnight air strike woke his family. Fars News agency said two projectiles had hit Mehrabad airport, located inside the capital, which is both civilian and military. With Iran's air defenses heavily damaged, Israeli Air Force chief Tomer Bar said "the road to Iran has been paved". In preparation for possible further escalation, reservists were being deployed across Israel. Army Radio reported units had been positioned along the Lebanese and Jordanian borders. Iranian nuclear sites damaged Israel sees Iran's nuclear program as a threat to its existence, and said the bombardment was designed to avert the last steps to production of a nuclear weapon. A military official on Saturday said Israel had caused significant damage to Iran's nuclear facilities at Natanz and Isfahan, but had not so far taken on another uranium enrichment site, Fordow, dug into a mountain. The official said Israel had "eliminated the highest commanders of their military leadership" and had killed nine nuclear scientists who were "main sources of knowledge, main forces driving forward the (nuclear) program.". Tehran insists the program is entirely civilian in line with its obligations under the nuclear Non-Proliferation Treaty (NPT) and that it does not seek an atomic bomb. However, it has repeatedly hidden some part from international inspectors, and the International Atomic Energy Agency on Thursday reported it in violation of the NPT. Iranian talks with the United States to resolve the nuclear dispute have stuttered this year. The next meeting was set for Sunday but Iranian Foreign Minister Abbas Araqchi said on Saturday that continuing the talks while Israel's "barbarous" attacks lasted was unjustifiable. — Reuters
GMA Network
2 hours ago
- GMA Network
Seoul's LGBT community gathers for annual festival after liberal president elected
People ride motorcycles as South Korea's LGBTQ community and supporters attend a Pride parade, during the Seoul Queer Culture Festival, in Seoul, South Korea, June 14, 2025. REUTERS/Kim Soo-hyeon SEOUL - The annual Seoul Queer Culture Festival was held in the South Korean capital on Saturday after the country ushered in a new liberal president, though it faced concurrent protests against the LGBT community's pride celebrations. While the community has made some advances towards broader acceptance in Korean society, conservative religious groups still mount resistance to efforts to pass laws against discrimination, and there is no legal acknowledgement of LGBTQ+ partnerships. City authorities repeatedly denied venue clearance requests for last year's festival before eventually giving their approval. "The slogan for the 26th Seoul Queer Culture Festival is that we never stop," said its chief organizer Hwang Chae-yoo. "During the last ... administration, hate against homosexuality and LGBTQ+ became very strong, leading to government policies that often ignored LGBTQ+ people. That's why we expressed our will to never give up until the end, and make efforts to improve human rights," Hwang said. South Korea elected liberal President Lee Jae-myung earlier this month in a snap election, after conservative predecessor Yoon Suk Yeol was ousted following his impeachment. While Lee has not explicitly stated his positions on LGBT issues during the campaign, his election has led to optimism among some in the community that conditions could improve. Under blue skies and temperatures reaching 31 degrees Celsius (87.8 Fahrenheit), festival turnout was brisk with people, some carrying rainbow flags, milling about booths including those set up by LGBTQ+ organizations, embassies and university clubs. From 4:30 p.m. local time (0730 GMT), participants marched through the streets of Seoul, calling for improved human rights and self-esteem for LGBTQ+ people. The event's organizers said 30,000 people were taking part, though police put their estimate at around 7,000. A protest against the Queer Culture Festival was also held in a nearby location in central Seoul on Saturday. Participants held blue and pink signs with phrases such as "Homosexuality Stop" and "Destroys Families". There was no clash. "It's changed a lot compared to the old days, but most people are still like, 'we know you exist, but don't come out'," said 44-year-old festival participant Hong Il-pyo, who was dressed in drag. "I hope we can make a little progress and change to 'you exist, so let's live well together.'" — Reuters
GMA Network
11 hours ago
- GMA Network
Two killed in Israel as Iran launches waves of missiles in response to airstrikes
A missile launched from Iran is seen from Jerusalem, June 14, 2025. REUTERS/Ammar Awad TEL AVIV/DUBAI/WASHINGTON - A man and a woman were killed in Israel and dozens wounded by a missile that landed near their homes, Israel's ambulance service said Saturday. Iran and Israel targeted each other with missiles and airstrikes early on Saturday after Israel launched its biggest-ever air offensive against its longtime foe in a bid to prevent it from developing a nuclear weapon. Air raid sirens sounded across Israel, including in Tel Aviv and Jerusalem, sending residents rushing into shelters as successive waves of Iranian missiles streaked across the skies and Israeli interceptors rose up to meet them. Rescue teams were searching the rubble of apartment buildings that were destroyed in Rishon Lezion, a city outside of Tel Aviv. Israel's Defense Minister Israel Katz said on Saturday the Iranian leadership had crossed a red line by firing at civilians and will "pay a heavy price for it". A missile fired from Yemen by the Iran-backed Houthi militia, killed five Palestinians including three children in the Israeli-occupied West Bank, according to the Palestinian Red Crescent. In Iran, several explosions were heard overnight in the capital Tehran, the semi-official Tasnim news agency reported. The Fars news agency said two projectiles hit Tehran's Mehrabad airport, and Iranian media said flames were reported there. Close to key Iranian leadership sites, the airport hosts an air force base with fighter jets and transport aircraft. Iran's UN envoy Amir Saeid Iravani said 78 people, including senior military officials, have been killed in Israel's strikes on Iran and more than 320 wounded, most of them civilians. Tehran launched waves of airstrikes on Saturday after two salvos on Friday night, Fars reported. One of the waves targeted Tel Aviv, Israel's commercial hub, before dawn on Saturday, with explosions heard as far as Jerusalem, witnesses said. Those were in response to Israel's attacks on Iran early on Friday against commanders, nuclear scientists, military targets and nuclear sites. Iran denies that its uranium enrichment activities are part of a secret weapons program. The US military helped shoot down Iranian missiles headed to Israel on Friday, two US officials said. Israel's military said Iran fired fewer than 100 missiles on Friday and that most were intercepted or fell short. The Israeli strikes on Iran throughout the day and the Iranian retaliation raised fears of a broader regional conflagration, although Iran's allies Hamas in Gaza and Hezbollah in Lebanon have been decimated by Israel. Trump says: Not too late Iran's state news agency IRNA said Tehran launched hundreds of ballistic missiles at Israel after Israel blasted Iran's huge Natanz underground nuclear site and killed its top military commanders. Israeli officials said Natantz was significantly hurt but that it may be some time before the extent of damage was clear. Western countries have long accused Iran of refining uranium there to levels suitable for a bomb rather than civilian use. The above-ground pilot enrichment plant at Natanz has been destroyed, UN nuclear watchdog chief Rafael Grossi told the Security Council on Friday. He said the UN was still gathering information about Israeli attacks on two other facilities, the Fordow fuel enrichment plant and at Isfahan. Iran's Supreme Leader Ayatollah Ali Khamenei accused Israel of starting a war. A senior Iranian official said nowhere in Israel would be safe and revenge would be painful. Iran has accused the US of being complicit in the attacks and said it shared full responsibility for the consequences. Israel's UN envoy Danny Danon said intelligence had confirmed that within days Iran would have produced enough fissile material for multiple bombs. He called Israel's operation "an act of national preservation." Iran has long insisted its nuclear program is for civilian purposes only. The UN nuclear watchdog concluded this week that it was in violation of its obligations under the global non-proliferation treaty. US President Donald Trump said it was not too late for Tehran to halt the Israeli bombing campaign by reaching a deal on its nuclear program. Tehran had been engaged in talks with the Trump administration on a deal to curb its nuclear program to replace one that Trump abandoned in 2018. Tehran rejected the last US offer. The talks are due to resume in Oman on Sunday but Iran signaled it might not join. "The other side (the U.S.) acted in a way that makes dialogue meaningless," Iran's foreign ministry spokesperson said on Friday. "You cannot claim to negotiate and at the same time divide work by allowing the Zionist regime (Israel) to target Iran's territory." —Reuters
