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Hindustan Times
10 hours ago
- Business
- Hindustan Times
Did Trump earn over $50 mn from crypto? POTUS made massive amount by selling watches, sneakers and bibles
President Donald Trump made more than $10 million last year selling items like watches, sneakers, Bibles, and guitars. But the most money came from a cryptocurrency platform, according to a new financial disclosure. The report, released Friday by the Office of Government Ethics, shows Trump earned $57.3 million from his stake in World Liberty Financial, a crypto company. Trump's "$TRUMP" memecoin wasn't included in the report because it launched in January, but it has reportedly made about $320 million in fees so far. Trump also made millions in licensing fees. His Mar-a-Lago resort in Florida brought in over $50 million, according to the 234-page report, which appears to cover income from the 2024 calendar year. In comparison, President Joe Biden's financial disclosure was just 11 pages. $2.8 million from Trump Watches $3 million from "Save America" coffee table books $2.5 million from Trump-branded sneakers and cologne $1.3 million from sales of the Greenwood Bible $1.05 million from '45' branded guitars Trump launched the guitars in late 2023. The electric and acoustic models featured an American eagle and sold for $1,500 to $10,500. Earlier in 2024, Trump released his 'Never Surrender' high-top sneakers at $399 a pair. Also Read: Donald Trump to impose travel restrictions on 36 countries? Here's what we know Trump has promoted these items to supporters, despite critics accusing him of using his political fame for personal profit. His crypto work is also getting attention. A Financial Times report last month said Trump's media company plans to raise $3 billion to invest in Bitcoin and other crypto. Trump Media & Technology Group — which owns Truth Social — is reportedly trying to raise $2 billion in new equity and $1 billion through a bond deal. Some critics say this raises conflict-of-interest concerns, as Trump could benefit from policies he supports in office. Last month, Trump held a private dinner at his Virginia golf club for 200 top investors in the $TRUMP memecoin. One ethics group called it 'nakedly corrupt.'
7NEWS
11 hours ago
- Business
- 7NEWS
Donald Trump's financial disclosures reveal surprising income streams
US President Donald Trump continues to enjoy income streams from scores of luxury properties and business ventures, many of which are worth tens of millions of dollars, according to a financial disclosure form filed late Friday. Released by the Office of Government Ethics, Trump's 2025 financial disclosure spans 234 pages in all, including 145 pages of stock and bond investments. It is dated Friday with Trump's signature. One of the largest sources of income is the US$57,355,532 (A$88 million) he received from his ownership stake in World Liberty Financial, the cryptocurrency platform launched last year. The form shows that World Liberty's sales of digital tokens have been highly lucrative for Trump and his family. Trump's three sons, Donald jnr, Eric and Barron, are listed on the company's website as co-founders of the firm. Separately, Trump's meme coin, known on crypto markets simply as $TRUMP, was not released until January and is therefore not subject to the disclosure requirements for this form, which covered calendar year 2024. It was a lucrative year for Trump when it came to royalty payments for the various goods that are sold featuring his name and likeness. Among the royalty payments: 'Save America' (coffee table book) — $3,000,000 Trump Sneakers and Fragrances — $2,500,000 Trump Watches — $2,800,000 The Greenwood Bible — $1,306,035 '45' Guitar — $1,055,100 NFT licensing and royalties — $1,157,490 The filing also includes a listing of liabilities, including at least $15,000 on an American Express credit card and payments due to E. Jean Carroll, the woman who successfully sued Trump over sexual abuse and defamation, though he is still seeking to appeal the decision. The rest of the document includes dozens of pages of lengthy footnotes about his various assets. The form was filed to comply with federal requirements for executive branch office holders. By comparison, the form former President Joe Biden filed in 2024 was 11 pages and consisted largely of conventional sources of income like bank and retirement accounts, while Kamala Harris' was 15 pages. Many of Trump's key assets are held in a revocable trust overseen by Donald Trump jnr, his eldest son. They include more than 100,000 shares of Trump Media and Technology Group, the social media company that went public in 2024. Trump is the largest shareholder, and his holding of nearly 53 per cent is worth billions of dollars. Those holdings were still disclosed in the form.
Forbes
a day ago
- Business
- Forbes
Trump Made $3.4 Million From Books Made Mostly Of Other People's Work, New Filing Shows
President Donald Trump reported earning $3.4 million from Winning Team Publishing, which has published three books drawing heavily on material not created by Trump—including publicly available photos and private correspondence he owns the rights to—according to a financial disclosure filed Friday. President Donald Trump gifts Japanese Prime Minister Shigeru Ishiba a copy of his book "Save ... More America" during a joint press conference iat the White House in February. (Photo by) The earnings stem from the books 'Our Journey Together,' published in 2021, 'Letters to Trump,' released in 2023, and 'Save America,' which was published during the final stretch of the 2024 campaign. 'Our Journey Together'—a coffee table book of White House photos, many already public, with captions written by Trump—was published in December 2021. In April 2023, Winning Team published 'Letters to Trump,' a collection of 40 years of correspondence from the likes of Kim Jong Un, Princess Diana and Hillary Clinton, alongside Trump's commentary. Published during the final stretch of the 2024 campaign, 'Save America' features more photos from Trump's presidency—some from wire services and his presidential library—appearing to mark a shift from the mostly free material used in earlier books. Spokespeople for the White House, Trump Organization and Winning Team Publishing did not immediately respond to requests for comment. Donald Trump Jr. and Sergio Gor, who is now Trump's director of the Presidential Personnel Office, founded Winning Team Publishing in 2021. Trump's post-presidency books currently sell for $75 to $99 on Winning Team Publishing's website, with autographed copies now priced at $999—double what they cost before his reelection. He continues to earn income from his business empire while in office through the Donald J. Trump Revocable Trust, the same structure he used during his first term. Trump is the trust's sole donor and beneficiary, and Donald Trump Jr. serves as its trustee, according to Securities and Exchange Commission filings. $855,000: That's how much political committees have paid Winning Team Publishing, according to Federal Election Commission records. The Republican National Committee, Turning Point PAC and Trump's own fundraising vehicles are among its biggest customers, often using the books as donor incentives. It's unclear how many copies Trump's books have sold, since most industry tracking services don't capture direct sales from his publisher's website, which appears to be his primary sales channel. 'In short, [Our Journey Together] is a memoir spun from the thin gruel of musty propaganda and cherished grudges,' Washington Post critic Ron Charles wrote. 'Turning these pages is like watching an old man dust his Hummel figurines and whine about the neighbors.' 'We should all buy it,' conservative commentator Brian Darling wrote in his book review of 'Letters to Trump' for The Washington Times. 'To own the libs, and to own a piece of American history. It is a chance to enjoy learning more about the most interesting politician of our lifetimes.' Despite Trump's frequent attacks on the mainstream press, some critics offered mild praise: New York magazine's Margaret Hartmann wrote that his first two post-presidency books 'were less of a cynical cash grab than you might think,' adding they 'offered some genuine value for fans of the 45th president.' Whether Trump will release a fourth book through Winning Team Publishing—potentially drawing on material from his second term—remains an open question. Trump's efforts to profit from his presidency have come under renewed scrutiny, following a $2 billion crypto deal with an Emirati-backed firm and reports of his plans to accept a luxury plane to temporarily serve as Air Force One before it is donated to his presidential library. Beyond Trump's own titles, Winning Team Publishing has released books by several right-wing figures, including Rep. Marjorie Taylor Greene, R-Ga., Turning Point USA's Charlie Kirk, U.S. Attorney and former Fox News host Jeanine Pirro, former Trump adviser Peter Navarro, former Arizona gubernatorial candidate Kari Lake and Donald Trump Jr. Forbes estimates Donald Trump is worth about $TKTKTK billion, with much of his wealth coming from his shares in Trump Media. Further Reading The 3 Easy New Ways Anyone Can Funnel Money Directly To Donald Trump's Businesses (Forbes) Trump Organization Admits President Still Controls His Business In New Filing (Forbes) Trump's Golf Courses Keep Pushing Legal Boundaries With Presidential Seal Markers (Forbes) Trump's Business Hired More Foreign Workers Than Ever In 2024 (Forbes) Trump Store Debuts Merchandise Collection Pegged To Election Victory (Forbes) Trump Hasn't Spent A Dime Of His Own Money On His 2024 Campaign (Forbes) A Trump Political Committee Bought $158,000 Worth Of Books Shortly After Jared Kushner Published His Best-Selling Memoir (Forbes)
USA Today
2 days ago
- Business
- USA Today
Trump brought in $57 million from crypto venture, millions from sneakers and bibles
Trump brought in $57 million from crypto venture, millions from sneakers and bibles Show Caption Hide Caption Trump hosts crypto dinner for biggest $TRUMP coin buyers The president hosted top investors in his meme coin and rewarded the biggest buyers with gifts worth about $100,000. President Donald Trump's sources of income range from luxury properties around the world to royalty payments and license fees for using his name and likeness on everything from sneakers to bibles, according to a financial disclosure form filed June 13. The 234-page document covered the calendar year 2024. One of the biggest money-making ventures for Trump was World Liberty Financial, a cryptocurrency platform launched last year. It brought in $57.3 million. His meme coin $TRUMP was not part of the form as it was only released this year. Last month, Trump dined with 220 of the biggest investors in his $TRUMP meme coin as a reward for making the leaderboard in a contest to be among the top purchasers, raising ethics questions. More: How much money did Trump make in first 100 days? Crypto deals raise questions His estate and member's only private club Mar-a-Lago in Palm Beach, Florida, brought in more than $50 million, meanwhile a property in Dubai generated more than $15,000 is license fees. Royalty payments include $3 million for a coffee table book 'Save America'; $2.5 million for Trump Sneakers and Fragrances; $1.3 million for The Greenwood Bible and more than $1 million for the '45' Guitar. The form also listed liabilities including over $50 million in damages to E. Jean E. Carroll, the magazine columnist who sued Trump for sexual abuse and defamation.
Yahoo
2 days ago
- Business
- Yahoo
Trump's financial disclosures reveal millions in income from guitars, bibles and watches with his name on them
President Donald Trump continues to enjoy income streams from scores of luxury properties and business ventures, many of which are worth tens of millions of dollars, according to a financial disclosure form filed late Friday. Released by the Office of Government Ethics, Trump's 2025 financial disclosure spans 234 pages in all, including 145 pages of stock and bond investments, and is dated Friday with Trump's signature. One of the largest sources of income on the form is the $57,355,532 he received from his ownership stake in World Liberty Financial, the cryptocurrency platform launched last year. The form shows that World Liberty's sales of digital tokens have been highly lucrative for Trump and his family. Trump's three sons, Donald Jr., Eric, and Barron, are listed on the company's website as co-founders of the firm. Separately, Trump's meme coin, known on crypto markets simply as $TRUMP, was not released until January and is therefore not subject to the disclosure requirements for this form, which covered the calendar year 2024. It was a lucrative year for Trump when it came to royalty payments for the various goods that are sold featuring his name and likeness. Among the royalty payments: Save America (coffee table book) — $3,000,000 Trump Sneakers and Fragrances — $2,500,000 Trump Watches — $2,800,000 The Greenwood Bible — $1,306,035 '45' Guitar — $1,055,100 NFT licensing and royalties — $1,157,490 The filing also includes a listing of liabilities, including at least $15,000 on an American Express credit card and payments due to E. Jean Carroll, the woman who successfully sued Trump over sexual abuse and defamation, though the president is still seeking to appeal the decision. The rest of the document contains dozens of pages of lengthy footnotes about the president's various assets. The form was filed to comply with federal requirements for Executive Branch office holders. By comparison, the form that former President Joe Biden filed in 2024 was 11 pages and consisted largely of conventional sources of income like bank and retirement accounts, while Kamala Harris's was 15 pages. Many of Trump's key assets are held in a revocable trust overseen by Donald Trump Jr., his eldest son. This includes more than 100,000 shares of Trump Media and Technology Group, the social media company that went public in 2024. Trump is the largest shareholder, and his nearly 53% is worth billions of dollars. Those holdings were still disclosed in the form. This article was originally published on
