From golf to crypto: Trump declares over $600 million income, $1.6 billion in total assets, claims report
Donald Trump (File photo)
In a financial disclosure report released on Friday,
Donald Trump
declared over $600 million in earnings from various ventures including
cryptocurrency
, golf establishments, licensing agreements and other business interests, reported Reuters.
The financial report, apparently covering the 2024 calendar year, indicates that the president's cryptocurrency investments significantly enhanced his wealth, alongside substantial development fees and revenue from other enterprises. The president's total declared assets amount to at least $1.6 billion, according to Reuters calculations.
Despite Trump's assertion that his business interests are managed by a trust under his children's supervision, the disclosures reveal that income from these sources ultimately benefits the president, raising concerns about potential conflicts of interest.
Certain business ventures, particularly in cryptocurrency, have benefited from policy changes under his administration, drawing criticism.
The financial disclosure, reportedly signed on June 13, did not specify its coverage period. However, the cryptocurrency details and other information suggest coverage through December 2024, excluding most earnings from the family's recent cryptocurrency ventures.
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The document represents a specific moment in time, capturing the family's initial foray into cryptocurrency while maintaining their traditional interests in property development and golf establishments.
The president's meme coin, $TRUMP, launched this year, has generated approximately $320 million in fees, though the distribution between Trump-controlled entities and partners remains unclear.
Beyond meme coin earnings, the Trump family has accumulated over $400 million from World Liberty Financial, a decentralised finance organisation.
Their portfolio also includes bitcoin mining operations and digital asset exchange-traded funds.
The disclosures show Trump received $57.35 million from World Liberty token sales and holds 15.75 billion governance tokens in the venture.
The Republican president's wealth spans cryptocurrency to real estate, with a significant portion linked to his stake in Trump Media & Technology Group, which owns Truth Social.
Beyond business venture assets and revenues, the president reported minimum earnings of $12 million from passive investments totalling at least $211 million, including interest and dividends, according to Reuters calculations.
His primary investments were in Blue Owl Capital Corp and government bond funds managed by Charles Schwab and Invesco.
The disclosure provided value ranges for assets and income; Reuters used minimum values, suggesting higher actual totals.
The report also detailed income from various Florida properties. His three golf resorts - Jupiter, Doral and West Palm Beach - plus Mar-a-Lago members' club generated minimum earnings of $217.7 million.
Trump National Doral, featuring the Blue Monster course, proved the family's highest income source at $110.4 million. These figures represent revenue rather than net profit.
The disclosure highlighted international business interests, including $5 million in Vietnamese development licence fees, $10 million from an Indian project, and nearly $16 million in Dubai licensing fees.
Additional royalties came from various sources: $1.3 million from the Greenwood Bible ("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 earned $1.16 million from NFT digital trading cards, while First Lady Melania Trump received approximately $216,700 from her NFT collection licensing fees.
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