Rolling in the Crypto Dough: Trump Earned a Cool $57 Million from Crypto, but Other Ventures Topped that!
Trump rakes in nearly $60 million through cryptocurrency venture
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In an unexpected thunderbolt, Donald Trump has reportedly raked in an impressive $57 million from a cryptocurrency trading platform, as per the latest financial report drop by the White House. Known as the World Liberty Financial platform, Trump co-founded the crypto empire with his sons.
Just days before he donned the presidential robe, Trump unleashed a crypto token - the TrumpCoin - on the market. With opponents criticizing it for being morally iffy, they accuse our President-to-be of pocketing some serious coin during his term.
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While Trump once maligned cryptocurrencies as a disaster waiting to happen, during his campaign he promised they’d make the US the “crypto capital of the world.” No kidding! Just in March, he popped invites to crypto elites at the White House and summoned the creation of a state crypto reserve.
Beyond the crypto earnings, White House’s financial report offers insights into Trump’s income from other ventures like branded merchandise and licensing agreements. He scored $2.8 million from selling watches and an equal sum from perfumes and sneakers. If you weren't up on the trend, he even bagged an additional $1.16 million from NFTs.
The eye-popping numbers don’t stop there! The report lists $50 million in earnings for Trump’s Mar-a-Lago Club in Florida, not to mention a whopping $140 million from his golf courses in West Palm Beach and Miami. Throw in an additional $38.9 million from his Irish and Scottish golf courses, and you’ve got enough to build a virtual kingdom!
Sources: ntv.de, lme/AFP
- Donald Trump
- Cryptocurrencies
- Income
Enrichment Data Snippet:
While the newly-released White House financial report unveils a whopping $600 million earnings for Donald Trump from a variety of industries in 2024, the report maintains an estimated $57 million of that sum originates from the entrepreneur’s cryptocurrency investments[1]. Other major revenue sources include golf clubs, licensing agreements, and an assortment of additional business developments[1]. It's important to note that the report doesn't specify the exact percentage of Trump’s overall fortune attributable to crypto investments[1]. For an in-depth look, grab a copy of the president's OGE Form 278e, which is available through the White House[2] documentation.
Here are the sentences containing the given words:
- Trump co-founded the crypto empire, known as the World Liberty Financial platform, with his sons, and it is one of the financial services that contributed to his reported $57 million earnings from cryptocurrency trading.
- The White House’s financial report provides insights into Trump’s income from other ventures like branded merchandise and licensing agreements, including financial services such as the sale of watches and perfumes, and even earnings from NFTs.
