Trump cashes in: Financial disclosures reveal millions earned from Bibles, crypto, watches, and golf clubs
US president Donald Trump has quietly transformed his political position into a money-making bonanza, earning millions from his family's cryptocurrency venture, private golf clubs, and even capitalising on Bibles, watches and sneakers, reported CNN.
Crypto Cash Flow from Donald Trump's Family Venture
As per the over 230-page financial documents, which provide details of Trump's finances since he returned to the White House in January, one of the biggest sources of income Trump revealed was a $57 million token sale via WLF Holdco LLC, which is a Trump family crypto company actively run in part by his sons, according to CNN.
Millions from Bibles, Sneakers, and Watches
The filings showed the first public snapshot of some of the US president's recent earnings from deals made while the Republican campaigned for office last year, as per the report. The official documents show that many of the licensing deals Trump has with companies selling products using his name and image, like sneakers, watches, and other products, yielded millions in royalties for the US president, reported CNN.
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He earned over $1.3 million from Lee Greenwood's 'God Bless the USA' Bible, when Trump had released a video asking supporters to purchase the Bible to 'make America pray again' during the 2024 campaign, according to the report.
The US president also earned $2.5 million from Trump sneakers and fragrances and $2.8 million selling 'Trump Watches," he even made over $1 million on a '45' guitar, denoting his place in the line of US presidents during his first term, reported CNN.
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Mar-a-Lago and Private Clubs Still Bring in Big Money
His disclosure also revealed that Trump's private clubs also generate huge income, which is led by his flagship property, Mar-a-Lago, which earned over $50.1 million in revenue, down from about $57 million in a previous filing last year, as per the report.
While, the US president's assets are in a trust, which is managed by his children, and even the Trump Organisation had said that he would not have any involvement in the day-to-day running of the company, yet, he still owns and benefits from his massive real estate and branding empire, according to CNN.
White House Defends
However, the White House press secretary Karoline Leavitt said that, 'President Trump, Vice President Vance, and senior White House staff have completed required ethics briefings and financial reporting obligations. The Trump Administration is committed to transparency and accessibility for the American people,' quoted CNN.
FAQs
Is Trump making money while serving as president?
Yes, according to financial documents, Trump is earning millions from various ventures, including cryptocurrency, merchandise, and private clubs, as per CNN report.
What kinds of products carry Trump's name?
Sneakers, colognes, watches, guitars and even Bibles. These licensing deals are generating millions in royalties.
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