Latest news with #GreenwoodBible
India.com
an hour ago
- Business
- India.com
Donald Trump richer than Mukesh Ambani, Adani, Musk, Bezos? Trump reveals his financial assets, earns Rs 5000000000 from crypto alone, his income from India is…
US President Donald Trump New Delhi: Donald Trump, who is one of the richest US presidents, released his first public financial disclosure of assets on Friday. Trump has also revealed the earnings of his family's involvement in cryptocurrency, according to Reuters. As per the report, Trump's total net worth is estimated at massive USD 1.6 billion (around Rs 13,800 crore). The report further adds that Donald Trump is earning a huge money from India as well. He received a USD 5 million licensing fee from a development project in Vietnam. In India, he earned USD 10 million in development fees from a project. He also made around USD 16 million by licensing a project in Dubai. Here are some of the interesting details: Donald Trump reported an income of USD 57.35 million (approximately Rs 500 crore) from the sale of tokens by a crypto company named World Liberty Financial. He also disclosed ownership of 15.75 billion governance tokens associated with this venture. The disclosure was signed on June 13. Based on the cryptocurrency data and other details mentioned in the report, it appears to include earnings up to the end of December 2024. According to Reuters, Trump earned over USD 600 million from cryptocurrency, golf courses, licensing agreements, real estate, and other businesses. Most of his wealth is invested in Trump Media & Technology Group, the company that operates his social media platform, Truth Social. He owns three golf resorts in Florida—Jupiter, Doral, and West Palm Beach. Additionally, he has a private club in Mar-a-Lago. These properties have generated a total income of at least USD 217.7 million. Donald Trump owns a large golf resort near Miami, called Trump National Doral. It is known for its Blue Monster course. This resort was the biggest source of income for the Trump family, generating $110.4 million. Not only from resorts or other businesses, Trump has also earned royalties from branded merchandise. He received USD 1.3 million from the 'Greenwood Bible,' which is described as the only Bible officially endorsed by both Lee Greenwood and Trump. He earned USD 2.8 million from Trump watches and USD 2.5 million from Trump sneakers and perfume. Trump's meme coin, $TRUMP, was launched earlier this year. It has generated approximately $320 million in fees. However, it is unclear how this amount will be divided among the entities and partners associated with Trump.
Time of India
18 hours ago
- Business
- Time of India
Here's how much US President Donald Trump made from his crypto investments
US President Donald Trump has reported making $57.35 million from his family's cryptocurrency ventures, a report claims. These figures were reportedly revealed as part of his first public financial disclosure report of this term. As per the report, the US President included income from token sales at crypto firm World Liberty Financial and reported holding 15.75 billion governance tokens in the same venture. The financial disclosure did not specify the exact period it covered. However, details within the cryptocurrency listings and other information in the disclosure suggest the report covers data through the end of December 2024. This timeframe would exclude the majority of funds raised by the Trump family's cryptocurrency ventures during his current term. Donald Trump's biggest crypto investments revealed Earlier this year, the president introduced a meme coin called $TRUMP, which has since generated about $320 million in fees, the news agency Reuters reports. However, Reuters didn't clarify how those earnings are divided between a Trump-controlled entity and its partners remains unclear. On top of those meme coin revenues, the Trump family has pulled in over $400 million from World Liberty Financial, a decentralized finance firm, Reuters noted. The Trump family is also involved in a bitcoin mining operation and several cryptocurrency exchange-traded funds , the report added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo What else does Donald Trump's financial filing reveal about his investments The latest filing also showed that much of the President's wealth was tied to his stake in Trump Media & Technology Group, the company that owns the social media platform Truth Social. As per Reuters calculations, he reported at least $12 million in passive income which includes interest and dividends from investments worth $211 million, notably in Blue Owl Capital and bond funds managed by Charles Schwab and Invesco. Trump's Florida properties which include three golf resorts and Mar-a-Lago also generated at least $217.7 million in revenue, led by Trump National Doral's $110.4 million. International income included $5 million in Vietnam licensing fees, $10 million from India development, and $16 million from Dubai licensing. He also earned royalties of $1.3 million from the Greenwood Bible, $2.8 million from watches, $2.5 million from sneakers and fragrances and $1.16 million from NFTs, while US First Lady Melania Trump made $216,700 from her NFT collection. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
21 hours ago
- Business
- Time of India
Highlights from Trump's business and income disclosure
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. The annual financial disclosure form, which appeared to cover the 2024 calendar year, shows the billionaire president's push into crypto added substantially to his wealth. He also reported large fees from developments and revenue from his other businesses. A Reuters calculation shows the president reported assets worth at least $1.6 billion, overall. SOME HIGHLIGHTS FROM THE REPORT: by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo INCOME FROM HOTELS AND GOLF: The income figures provided are essentially revenue, not net profit after subtracting costs. Total golf, restaurant and hotel-related income in the United States was $378 million plus another $22 million in management fees. Live Events Trump's three golf-focused resorts in Florida - Jupiter, Doral and West Palm Beach - and his private members' club at Mar-a-Lago generated at least $217.7 million in income. 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. Income from golf and hotels in Ireland and Scotland was 19 million euros plus 28.7 million pounds sterling ($38.9 million). CRYPTO: 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. ROYALTIES: Royalty money from a variety of deals was at least $26 million. That included $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. OVERSEAS LICENSE FEES: License fees from foreign firms for the use of the Trump name generated upwards of $36 million, including $5 million from a development in Vietnam, $10 million in development fees from a project in India and almost $16 million for a Dubai project. TRUMP'S INVESTMENTS: Trump's four investment accounts showed bulk of his investments are in fixed income, with amounts up to $5 million each in a range of corporate, municipal and U.S. government debt. Equity investments were smaller, with a maximum of $250,000 in individual company stocks. Larger investments included more than $50 million in the Schwab Government Money Fund and as much as $25 million each in an Invesco short-term Treasury fund and in alternative investment manager Blue Owl Capital.
The Hindu
a day ago
- Business
- The Hindu
Trump reports hundreds of millions of dollars from crypto, golf, licensing fees
U.S. President Donald Trump reported hundreds of millions of dollars in income from crypto, golf clubs and licensing ventures in a public financial disclosure report released on Friday that provided a glimpse of the vast business holdings of America's billionaire president. The annual financial disclosure form, which appeared to cover the 2024 calendar year, shows the president's push into crypto added substantially to his wealth but he also reported large fees from developments and revenues from his other businesses. While Trump has said he has put his businesses into a trust managed by his children, the disclosures show how income from them still ultimately accrue to the president - something that has opened him to conflicts of interest. Some of his businesses in areas such as crypto, for example, benefit from U.S. policy shifts under him and have become a source of criticism. The White House did not immediately respond to a request for comment. The financial disclosure was signed on June 13 and did not state the time period it covered. The details of the cryptocurrency listings, as well as other information in the disclosure, suggest it was through the end of December 2024, which would exclude most of the money raised by the family's cryptocurrency ventures. Given the speed at which the Trump family has made deals during his ascent to the presidency, the filing is already a time capsule of sorts, capturing a period when they were just starting to get into crypto but were largely still in the world of real estate deals and golf clubs. A meme coin released earlier this year by the president -$TRUMP - alone has earned an estimated $320 million in fees, though 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. 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. 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. The disclosure also listed income of $5 million in license fees from a development in Vietnam. 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 her own NFT collection.
Mint
a day ago
- Business
- Mint
What Donald Trump's first financial filing reveals about his earnings and ventures
US President Donald Trump revealed earning hundreds of millions of dollars from cryptocurrency investments, golf clubs and licensing deals ventures in a public financial disclosure report released on Friday. He reported $57.35 million from token sales at World Liberty and holding 15.75 billion governance tokens in the venture. An estimated $320 million in fees were generated from a meme coin released earlier this year by the president, though it's unclear how that amount was split between a Trump-controlled entity and its partners. Beyond the meme coin earnings, the Trump family has also brought in over $400 million from World Liberty Financial, a decentralised finance firm, founded in 2024 by Zach Witkoff, son of Steve Witkoff, the president's envoy for Ukraine-Russia peace talks and Iran negotiations. Trump's three sons, Donald Jr., Eric, and Barron are co-founders as well. He reported $1.16 million in income from his NFTs, digital trading cards featuring his image, while First Lady Melania Trump raked in approximately $216,700 in licensing fees from her own NFT collection. The disclosure revealed income from a range of assets, including Trump's Florida properties. His three golf resorts in the state, Jupiter, Doral, and West Palm Beach, along with the Mar-a-Lago private club, brought in at least $217.7 million. It further showed $5 million in licensing fees from a development project in Vietnam. Additionally, Trump earned royalties from several ventures, namely $1.3 million from the Greenwood Bible (billed 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. The White House has stated that Trump's assets are held in a trust managed by his children during his second term, and insists that none of his business interests pose a conflict, according to a New York Post report. It further says the liabilities section of the disclosure reveals that Trump still owes over $100 million in mortgage loans for various properties, including Trump Tower in Manhattan and Trump National Doral Golf Club in Miami. The president also listed the $88 million in damages awarded by a jury to E. Jean Carroll, the former magazine columnist who sued him for sexual assault and defamation. Additionally, the $454 million civil fraud judgement secured by New York Attorney General Letitia James is included. Trump notes that all judgments have been 'stayed pending appeal". The annual financial disclosure form, seemingly covering the 2024 calendar year, shows that the president's involvement in cryptocurrency significantly boosted his wealth. He also reported substantial fees from property developments and income from his other businesses. Signed on June 13, the disclosure did not specify the exact period it covered. However, details within the cryptocurrency listings and other information suggest it covers up to the end of December 2024, thereby excluding most of the funds raised by the family's cryptocurrency ventures. (With inputs from Reuters)
