Latest news with #USGovernmentEthics
Mint
a day ago
- Business
- Mint
Donald Trump's net worth: $2.5M in perfume & sneakers, $2.8M in watches — Inside US President's 2024 earnings
Donald Trump's annual report for the year ended 2024 showed that the US President earned $2.5 million from perfumes and sneakers, and $2.8 million from watches, reported the news agency AFP on Sunday, 15 June 2025. These million-dollar earnings are royalties which Donald Trump received through the sale of branded products and licensing agreements around the world for multiple goods. According to the agency report, Trump also earned over $50 million in income from his Mar-a-Lago club in Florida. However, this was not the only income which added to his net worth. A $29.1 million income from his golf course in West Palm Beach, along with $110.4 million from the one in Miami, also contributed in the year 2024, according to the official US Government Ethics report. Trump also reportedly received a monthly retirement payment of $6,484 from the Screen Actors Guild (SAG), according to the news agency. According to Forbes data, US President Donald Trump's net worth is estimated to be at $5.3 billion as of 15 June 2025. US President Donald Trump has been a supporter of cryptocurrencies since his White House comeback in January 2025. He also signed an executive order to establish a 'Bitcoin Reserve and a U.S. Digital Asset Stockpile' in efforts to make the US the leader among other nations in the digital asset strategy. Donald Trump promised the people of the nation that he aims to make America the 'crypto capital of the world,' embracing the need for digital assets to drive economic growth and technological leadership. According to the official US Government Ethics report, US President Donald Trump also earned nearly $57.4 million from his World Liberty Financial business. Trump earned $57,355,532 or $57.4 million from World Liberty Financial's crypto 'token sales' to investors, as of the year ended 31 December 2024. '(Trump) Primarily owns the WLFI protocol and governance platform and related token treasury, digital wallets and intellectual property. Has rights to certain service agreements with the founders of World Liberty Financial as of December 31, 2024,' according to the Ethics report released on 13 June 2025. World Liberty Financial is a crypto company where Donald Trump is the Co-Founder Emeritus. His sons are also co-founders of the company. The World Liberty Financial Token (USD1) is a US dollar-pegged stablecoin (digital dollar) which is currently trading 0.05 per cent higher at $1 as of 10:58 p.m. (IST) with a current market capitalisation (M-Cap) of $2.19 billion. Disclaimer: This story is for educational purposes only and does not recommend that potential investors purchase any cryptocurrencies. We at Mint advise investors to check with certified experts before making any investment decisions, especially in a highly volatile sector like Crypto.
Mint
a day ago
- Business
- Mint
How Donald Trump made $57.4 million from World Liberty Financial amid crypto regulation push
United States President Donald Trump's annual report for the year ended December 2024 shed light on his multi-million dollar earnings from cryptocurrency investments, where one of the sources of income was from World Liberty Financial (WLF). According to the 234-page official US Government Ethics report released on President Donald Trump, the 79-year-old Republican earned nearly $57.4 million from his World Liberty Financial business. The filing data also showed that Trump earned $57,355,532, or nearly $57.4 million, from the company crypto 'token sales' to investors, as of the year ended December 31, 2024. '(Trump) Primarily owns the WLFI protocol and governance platform and related token treasury, digital wallets and intellectual property. Has rights to certain service agreements with the founders of World Liberty Financial as of December 31, 2024,' according to the Ethics report, highlighting the asset and the location was marked as Miami, Florida. World Liberty Financial is a crypto company where Donald Trump is the Co-Founder Emeritus, while his sons Eric Trump, Donald Trump Jr., and Barron Trump all hold co-founder designations. Trump co-founded this venture with Steven Witkoff, an American real-estate investor and lawyer who also serves as the Co-Founder Emeritus of the crypto venture. 'Our mission is to unlock financial access for all, by replacing the limits of traditional banking with open, on-chain infrastructure, creating a fairer system—where opportunity isn't defined by location, status, or permission,' according to the official WLF website. The World Liberty Financial Token (USD1) is a US dollar-pegged stablecoin (digital dollar) which is currently trading 0.35 per cent higher at $1 as of 5:14 p.m. (IST) on Sunday, 15 June 2025, according to CoinMarketCap data. The company earns revenues through the token and product sales of USD1. The token's trading volume has witnessed a 3.39 per cent growth in the last 24 hours to its current levels of $886.91 million, as the market capitalisation (M-Cap) of the cryptocurrency was over $2.19 billion. The token hit an all-time high of $1.01 on 12 May 2025, while the all-time low level was at $0.991 on 16 April 2025, according to the exchange data. The peg stability of the coin is at a 1:1 ratio with the US dollar via the short-term treasuries and cash equivalents, which are audited on a quarterly basis. Donald Trump's second term at the White House has brought a series of changes to the Trump administration. The republican party has now positioned its affiliations and promised the people to support the rise of the crypto industry in the United States. In March 2025, President Trump signed an executive order to establish a 'Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile' in efforts to make the US the leader among other nations in the digital asset strategy. Trump also promised the people of the nation and market investors that he seeks to make the US the 'crypto capital of the world,' embracing the need for digital assets to drive economic growth and technological leadership. 'I am very positive and open-minded to cryptocurrency companies, and all things related to this new and burgeoning industry. Our country must be the leader in the field,' said Trump in a White House fact sheet. Trump also launched his official cryptocurrency, '$TRUMP,' on 18 January 2025, right before he was appointed the 47th President of the United States of America on 20 January 2025. According to Mint's earlier report, the Trump meme coin gained more than 230 per cent in 24 hours as the M-Cap crossed the $14.3 billion mark a day ahead of the inauguration ceremony. Supporting the crypto initiatives, Donald Trump launched the $TRUMP meme coin to mark the celebrations of his White House comeback. Disclaimer: This story is for educational purposes only and does not recommend that potential investors purchase any cryptocurrencies. We at Mint advise investors to check with certified experts before making any investment decisions, especially in a highly volatile sector like Crypto.
