Trump reports hundreds of millions of dollars from crypto, golf, licensing fees
The Hindu
U.S. President Trump reported hundreds of millions of dollars in income from crypto, golf clubs and licensing ventures in a public financial disclosure report released.
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.
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