Trump reports more than $600m in income from crypto, golf, licensing fees

Gulf Business

21 hours ago

Image: Getty Images
Donald Trump reported more than $600m in income from crypto, golf clubs, licensing and other 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.
Overall, the president reported assets worth at least $1.6bn, a
Reuters
calculation shows.
What the financial disclosures reveal
While Trump has said he has put his businesses into a trust managed by his children, the disclosures show how income from those sources still ultimately accrue to the president — something that has opened him to accusations of conflicts of interest.
Some of his businesses in areas such as crypto, for example, benefit from US policy shifts under him and have become a source of criticism.
'President Trump, Vice President Vance, and senior White House staff have completed required ethics briefings and financial reporting obligations,' White House press secretary Karoline Leavitt said in an emailed statement to
Reuters
. 'The Trump Administration is committed to transparency and accessibility for the American people.'
The financial disclosure was signed on June 13 and did not state the time period it covered.
The details of the cryptocurrency listings, as well as other information in the disclosure, suggest it was through the end of December 2024, which would exclude most of the money raised by the family's cryptocurrency ventures.
Given the speed at which the Trump family has made deals during his ascent to the presidency, the filing is already a time capsule of sorts, capturing a period when the family was just starting to get into crypto but was largely still in the world of real estate deals and golf clubs.
A meme coin released earlier this year by the president —$TRUMP — alone has earned an estimated $320m in fees, although 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 $400m from World Liberty Financial, a decentralised finance company.
The Trump family is involved, also, with a bitcoin mining operation and digital asset exchange-traded funds.
In the disclosures, Trump reported $57.35m from token sales at World Liberty.
He also reported holding 15.75bn governance tokens in the venture.
Trump Media assets
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
Besides assets and revenues from his business ventures, the president reported at least $12m in income, including through interest and dividends, from passive investments totaling at least $211m, a
Reuters
calculation shows.
His biggest investments were in alternative fund manager Blue Owl Capital Corp and in government bond funds managed by Charles Schwab and Invesco.
The disclosure often only gave ranges for the value of his assets and income;
Reuters
used the lower amount listed, meaning the total value of his assets and income was almost certainly higher.
Trump's properties in Florida, other places
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 $217.7m 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 $110.4m.
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 $5m in license fees from a development in Vietnam, $10m in development fees from a project in India and almost $16m in licensing fees for a Dubai project.
Trump collected royalty money, also, from a variety of deals – $1.3m from the Greenwood Bible (its website describes it as 'the only Bible officially endorsed by Lee Greenwood and President Trump'); $2.8m from Trump Watches, and $2.5m from Trump Sneakers and Fragrances.
Trump listed $1.16m 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.
Read: