Trump reports more than $600 million in income from crypto, golf, licensing fees
(Reuters) -Donald Trump reported more than $600 million 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 $1.6 billion, a Reuters calculation shows.
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 U.S. 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 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 $320 million 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 $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.
TRUMP MEDIA
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.
Besides assets and revenues from his business ventures, the president reported at least $12 million in income, including through interest and dividends, from passive investments totaling at least $211 million, 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.
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.
Trump National Doral, the expansive Miami-area golf hub known for its Blue Monster course, was the family's single largest income source at $110.4 million. 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 $5 million in license fees from a development in Vietnam, $10 million in development fees from a project in India and almost $16 million in licensing fees for a Dubai project.
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 on her own NFT collection.
(Reporting by Lawrence Delevingne, Tom Bergin, Tom Lasseter, Shivani Tanna in Bengaluru; additional reporting by Jim Oliphant; Editing by Sandra Maler, Paritosh Bansal, Megan Davies, Will Dunham and Raju Gopalakrishnan)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
37 minutes ago
- The Star
Japan's Ishiba heads to G7 to press Trump to drop auto tariffs
FILE PHOTO: U.S. President Donald Trump holds a joint press conference with Japanese Prime Minister Shigeru Ishiba in the East Room at the White House in Washington, U.S., February 7, 2025. REUTERS/Kent Nishimura/File Photo TOKYO (Reuters) -Japanese Prime Minister Shigeru Ishiba heads to Canada on Sunday for trade talks with U.S. President Donald Trump, hoping to persuade him to drop trade tariffs that have imperilled Japan's auto companies and threaten to undermine his fragile government. The two are expected to meet on the sidelines of a summit of the Group of Seven nations in Kananaskis, Alberta, for their second in-person encounter. It follows a sixth round of high-level trade talks in Washington on Friday. Japan's top tariff negotiator, Ryosei Akazawa, said he explored the possibility of an deal in detailed meetings with U.S. Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick. The trick for Ishiba, who spoke with Trump by phone on Friday, will be to get the president to drop the 25% tariff he imposed on Japanese cars, as well as a paused 24% across-the-board levy that Trump calls a reciprocal tariff, without making concessions that could hurt the prime minister's public support at home. Returning to Tokyo with no deal would be better politically than conceding too much, analysts say. "If it goes badly, it could even be seen as a positive for Ishiba, standing up to Trump and standing up for his country when he's under assault," said Michael Cucek, a political science professor at Temple University in Tokyo. Ishiba and his ruling Liberal Democratic Party face an upper house election next month that comes after a lower house loss in November that left him reliant on the support of other parties to stay in power. Another poor electoral result could bring down his government and would force Trump to reset trade talks with a new Japanese administration. "The most important thing is that Ishiba does not cave in for a bad (auto) deal," said Joseph Kraft, a financial political analyst at Rorschach Advisory in Tokyo. "I expect there will be some kind of deal, although it could be haphazard. Trump needs some good news and I don't think he has much interest in G7 activities." Failing to reach an agreement in Canada might not have an immediate economic impact on Japan, but tariffs that stay in place will eventually drag down growth, said Asuka Tatebayashi, senior analyst at Mizuho Bank. "If you look at the data for car exports to the U.S. for April, it was quite striking. The volume in dollars was down by nearly 5%, but the number of cars has increased a lot," she said. "It means either they are only selling cheap cars or the manufacturers are absorbing the cost. I think the latter is the case and this is not very sustainable." Tariffs could shave 0.9% off Japan's gross domestic product, Mizuho Research & Technologies estimated in a report in April. (Reporting by Tim Kelly; Additional reporting by John Geddie; Editing by William Mallard)
The Star
an hour ago
- The Star
South Korea's Lee plans to hold bilateral talks at G7 summit, his office says
FILE PHOTO: South Korean President Lee Jae-myung delivers a speech during a ceremony to mark the 70th Memorial Day at the Seoul National Cemetery in Seoul, South Korea, 06 June 2025. JEON HEON-KYUN/Pool via REUTERS/File Photo SEOUL (Reuters) -South Korean President Lee Jae-myung plans to hold bilateral talks with the leaders of countries attending the G7 summit, with details still being coordinated, his office said on Sunday. Lee will depart on Monday for the summit in Canada, National Security Adviser Wi Sung-lac told a briefing. The presidential office said Seoul was open to holding trilateral talks with Washington and Tokyo, the Yonhap news agency reported. Lee was also preparing for potential talks with Ukraine's President Volodymyr Zelenskiy in case he attends, Yonhap said, citing a presidential office official. "By engaging with the leaders of the United States and Japan, we can explore ways to resolve pending economic and trade issues such as tariffs," Wi said. Lee plans to hold meetings with leaders of key countries before and after attending the extended session of the summit, Wi added, without naming countries. Seoul and Washington are holding working-level tariff talks, crucial for South Korea's export-oriented economy, with key sectors from chips to vehicles and shipbuilding heavily exposed to global trade. U.S. President Donald Trump has imposed tariffs on South Korea, a long time ally with which it has a bilateral free trade deal, and pressed it to pay more for the 28,500 U.S. troops stationed there. Lee, a liberal, was elected on June 3 after former conservative leader Yoon Suk Yeol was impeached and ousted over his short-lived declaration of martial law last year. The visit will mark Lee's first diplomatic trip since taking office. (Reporting by Hyunsu Yim, editing by Deepa Babington and Raju Gopalakrishnan)
The Star
an hour ago
- The Star
‘In-person tariff negotiations no longer needed'
The country will no longer send a delegation to the United States for tariff negotiations as its proposal to Washington has already been deemed sufficient, according to the senior minister who's leading the talks. It's a change from the delegation's previous plans to head to Washington this week for a second round of negotiations, as the South-East Asian nation works to bring down a planned 32% tariff on its exports to the United States. The progress also comes just hours after Indonesian President Prabowo Subianto and US President Donald Trump held a nearly 15-minute phone call to talk about strengthening ties between the two countries. Indonesia has submitted all necessary documents and will now just await the decision from Washington, Coordinating Economic Minister Airlangga Hartarto said in a briefing on Friday. The US Trade Representative told Indonesian officials in a meeting on Thursday that their documentation was considered complete, Hartarto separately told reporters on Friday. It highlights the global rush to strike a deal with the United States as the 90-day pause on reciprocal tariffs is set to end on July 9. South-East Asia has been one of the hardest-hit regions, with higher-than-expected levies seen to undermine their export and manufacturing sectors that have been crucial to driving economic growth. Vietnamese officials are in the United States for a third round of official negotiations, while Malaysia's delegation is headed for Washington next week. Thailand is expecting to conduct talks virtually but is waiting for an exact date. Likely bolstering Indonesia's confidence in the negotiations is a call between Trump and Prabowo late Thursday. The leaders gave updates on recent developments in their countries and agreed to continue boosting cooperation, Indonesia's cabinet secretariat said in an Instagram post on Friday. They also reaffirmed their support for efforts to maintain global stability and peace, it said. — Bloomberg
