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Crypto, Meme Coins, Trump-Branded Bibles: Here's How Donald Trump Made $600mn Last Year
Crypto, Meme Coins, Trump-Branded Bibles: Here's How Donald Trump Made $600mn Last Year

News18

timea day ago

  • Business
  • News18

Crypto, Meme Coins, Trump-Branded Bibles: Here's How Donald Trump Made $600mn Last Year

Last Updated: One of the ventures that caught all the eyes has been the launch of the meme coin $TRUMP, introduced earlier in 2024. Donald Trump has an asset worth at least USD 1.6 billion, with the US president reportedly earning USD 600 million from crypto, golf clubs, licensing and other ventures, according to a public financial disclosure report released on Friday. The latest annual financial disclosure of Trump covers the 2024 calendar year, showing a boost in his personal wealth, thanks largely to his cryptocurrency investments. Alongside the crypto gains, he also reported hefty earnings from real estate developments and various other business ventures. According to a Reuters analysis, the total value of Trump's declared assets exceeds USD 1.6 billion. Though Trump has previously claimed that his businesses are held in a trust overseen by his children, the financial records indicate that profits from those ventures still make their way to him. This ongoing financial connection has fueled continued allegations of potential conflicts of interest. The financial disclosure signed on June 13 did not mention the exact timeframe it covered. However, looking at the listings of the cryptocurrency and other figures, it appears the report reflects activity only through the end of December 2024. It means that it likely omits a significant portion of the funds raised more recently by the Trump family's crypto ventures. Given the rapid pace at which the Trump family has brokered deals since Donald Trump's return to the political spotlight, the filing serves as a snapshot of a transitional moment: a time when they were beginning to explore the cryptocurrency space, but still heavily rooted in real estate and golf course operations. One of the ventures that caught all the eyes has been the launch of the meme coin $TRUMP, introduced earlier in 2024. This single digital asset is estimated to have generated around USD 320 million in fees. The family has also earned over USD 400 million through World Liberty Financial, a decentralized finance firm. The disclosures reveal that Trump personally reported USD 57.35 million from token sales connected to the company and holds approximately 15.75 billion governance tokens in the venture. The family is also involved in a bitcoin mining operation and exchange-traded digital asset funds. According to a calculation by Reuters, besides his income and assets from his business, the president reported at least USD 12 million in income, including through interest and dividends, from passive investments totaling at least USD 211 million. His biggest investments were in alternative fund manager Blue Owl Capital Corp and in government bond funds managed by Charles Schwab and Invesco. Trump's latest financial disclosure only listed value ranges for assets and income, so Reuters used the lowest estimates—meaning his actual wealth is likely even higher. The filing showed Trump made at least USD 217.7 million from his Florida properties, including his golf resorts in Jupiter, Doral, and West Palm Beach, along with the Mar-a-Lago club. The biggest earner was Trump National Doral, which brought in USD 110.4 million. These figures reflect revenue, not profit. The document also highlighted international income: USD 5 million in licensing from Vietnam, USD 10 million in development fees from India, and nearly USD 16 million from a Dubai deal. Trump made money from various branded products too—USD 1.3 million from the Greenwood Bible, USD 2.8 million from Trump Watches, and USD 2.5 million from his line of sneakers and fragrances. He also earned USD 1.16 million from NFT trading cards featuring his image, while Melania Trump made around USD 216,700 from her own NFT collection. First Published: June 14, 2025, 16:26 IST

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