Former President Donald Trump Reveals Lucrative Crypto Investments in Financial Disclosure Form
ICARO Media Group
Former President Donald Trump, known for his success in the world of real estate, has recently disclosed significant financial gains from digital assets such as cryptocurrencies and non-fungible tokens (NFTs), according to a new financial disclosure form. In a surprising turn of events, Trump, whose net worth is estimated at $4.5 billion by Forbes, revealed earnings of $7.2 million from an NFT licensing deal.
The disclosure form also unveiled Trump's involvement in the world of cryptocurrencies, indicating that he has invested between $1 million and $5 million in a "virtual ethereum key." This revelation comes as a shift from his previous skepticism towards digital currencies, which he had publicly criticized as a "scam." However, Trump has now positioned himself as a pro-crypto presidential candidate, even pledging to make America a "bitcoin-mining powerhouse" during his recent campaign.
Aside from his crypto investments, Trump's financial disclosures shed light on other lucrative ventures. The former president earned $300,000 in royalties from the endorsement of a $59.99 Bible, in collaboration with singer Lee Greenwood. Additionally, he reported earnings of $4.5 million from a collection titled "Letters to Trump," which consists of letters sent to him over the years by prominent figures like Oprah Winfrey.
However, Trump's financial disclosures also highlighted his liabilities, including mortgages on properties such as Trump Tower in Manhattan. Notably, he is currently appealing three judgments totaling over half a billion dollars. These include $88.3 million from two cases where he was found liable for sexual abuse and defamation, as well as a New York State case where a judge ruled that he owes over $450 million, including interest, for a fraudulent scheme. Trump has committed to covering the bonds associated with these cases.
In terms of assets, apart from his crypto investments, Trump's investments are predominantly in stocks, index funds, and bonds, including U.S. Treasuries. He also disclosed ownership of at least $100,000 in gold bars.
Furthermore, Trump's financial disclosures highlight his continued earnings from past endeavors. He still receives income from his reality show "The Apprentice" and his bestselling 1987 book "The Art of the Deal." Additionally, he receives an annual pension of over $90,000 from the Screen Actors Guild.
Trump's wealth has also been bolstered by his golf clubs and properties, with his Florida Mar-a-Lago club alone adding nearly $57 million to his fortune in the past year.
It is worth noting that these financial disclosures are mandatory for all presidential candidates. The disclosed information provides a comprehensive overview of Trump's finances, revealing his foray into the world of cryptocurrencies and NFTs, as well as his continued success in various business ventures.
As the 2024 presidential campaign gains momentum, Trump's financial disclosures serve as a testament to his evolving stance on digital assets and his aim to secure support from Silicon Valley as he partners with prominent figures like Senator JD Vance.
Overall, these financial disclosures offer a glimpse into the diverse and dynamic nature of Trump's financial portfolio, showcasing his ability to adapt and capitalize on emerging trends in the digital world.