Former President Donald Trump's Financial Disclosures Reveal Multi-Million Dollar Cryptocurrency Holdings and Unusual Sources of Income

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ICARO Media Group
Politics
16/08/2024 18h50

Former President Donald Trump's financial disclosures, released as part of his Republican presidential bid, provide a glimpse into his vast wealth and reveal some unconventional sources of income. The more than 200 pages of paperwork highlight Trump's ownership of over $1 million worth of cryptocurrency, including ethereum, and up to $250,000 in gold bars. These holdings, along with his extensive portfolio of golf courses, real estate properties, and his media company, contribute to his billionaire status.

While most asset values are listed within a range due to federal law, the documents disclose exact figures for some of Trump's income sources. Surprisingly, he reported earning $300,000 from sales of "The Greenwood Bible," an edition endorsed by him and country singer Lee Greenwood. In addition, Trump raked in $4.4 million in royalties from a book titled "Letters to Trump" and $500,000 from another book called "A MAGA Journey." He continues to receive royalties from various other books, including his famous work "The Art of the Deal," published in 1987.

Trump's investments include a noteworthy holding of $1 million to $5 million worth of the cryptocurrency ethereum, which is of particular interest considering his pledge to ease regulations on the cryptocurrency industry if he were to assume office again. Moreover, he reported earning $7.15 million in licensing fees from NFT INT, a firm dealing in digital tokens. Intriguingly, the report also reveals that Melania Trump earned $330,000 from selling NFTs.

One of Trump's significant assets is his media company, which operates the social media network Truth Social. Although Trump is currently prohibited from selling his over 114 million shares in the company due to a "lock-up" agreement, the recent listing of Truth Social has propelled his holdings to an approximate value of over $2 billion.

Apart from these unusual investments, Trump also has substantial holdings in traditional stocks, municipal and school bonds, and a wide range of real estate properties worldwide. His golf courses, including ones in Bedminster, New Jersey, and Jupiter, Florida, generate millions in income. Notably, his Turnberry course in Scotland boasts revenue worth 26 million British pounds ($33.5 million USD). Furthermore, his flagship resort, Mar-a-Lago in Florida, generated more than $56 million in income, according to the disclosures.

Trump's financial picture also includes debts that he lists in the documents. These include litigation-related debts stemming from the New York attorney general's office, where he faces allegations of business fraud, as well as debts owed to a magazine writer. The lawsuits against him involve a jury verdict of $5 million for sexual assault and $88 million for slander against E. Jean Carroll, which he is currently appealing. Additionally, Trump owes more than $50 million to the New York attorney general's office in a civil fraud judgment, which is also under appeal.

These financial disclosures offer a glimpse into the unconventional ways Donald Trump generates income and the extensive wealth he has amassed over the years. As he continues to navigate legal challenges and explore new ventures, his financial standing remains a subject of interest and scrutiny among political observers and the public alike.

The views expressed in this article do not reflect the opinion of ICARO, or any of its affiliates.

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