Former President Trump Reveals Cryptocurrency Holdings and Unconventional Sources of Income

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ICARO Media Group
Politics
16/08/2024 23h27

Former President Donald Trump's latest financial disclosures have shed light on his diverse portfolio, including over $1 million worth of cryptocurrency and up to $250,000 in gold bars, alongside his extensive real estate holdings. The disclosures were made as part of Trump's Republican presidential bid and provide glimpses into the financial world of the real estate developer-turned-reality TV star-turned-president.

Released on Thursday night, the over 200 pages of paperwork filed by Trump comply with federal law, listing most asset values within a range. However, some precise income figures are reported, giving a limited insight into his investments and income sources.

One of the more unconventional sources of income mentioned is the sale of a Bible edition called "The Greenwood Bible," which Trump and country singer Lee Greenwood endorsed, earning him $300,000. Additionally, Trump received $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 renowned "The Art of the Deal," which earned him $50,000 to $100,000 in the past year.

Being a former member of the Screen Actors Guild, Trump also receives an annual pension of $90,776, further contributing to his income streams.

While Trump's fame largely stems from his real estate ventures, his current notable asset is his media company that operates the social media network Truth Social. Although his shares in the company are currently under a lock-up agreement, preventing their sale for six months after going public in March, Trump's ownership of over 114 million shares is estimated to be worth more than $2 billion, with each share valued at around $23.

The former president's investment portfolio also includes a substantial holding of the cryptocurrency ethereum, valued between $1 million to $5 million. It is worth noting that Trump has expressed intentions to ease regulations on the cryptocurrency industry if he were to return to the White House.

In a surprising disclosure, Trump reported earning $7.15 million in licensing fees from a company called NFT INT, which appears to be involved in selling digital tokens. Melania Trump, his wife, also earned income of $330,000 from selling NFTs, as per the report.

Alongside these unique investments, Trump reported owning gold bars valued between $100,000 to $250,000, adding yet another non-traditional asset to his diverse financial portfolio.

Trump's investments extend beyond unconventional ventures. He holds a wide range of traditional stocks, municipal and school bonds, and an array of businesses worldwide. Many of these investments are trademark claims in various countries, while others generate substantial income, such as over $3 million reported from licenses in Dubai and more than $2 million in Oman.

The Trump brand's real estate ventures, including his golf courses, continue to generate considerable revenue. Notably, his Bedminster club in New Jersey generated $37 million, the Jupiter golf club in Florida brought in $31 million, and his Turnberry course in Scotland reported £26 million in revenue (equivalent to $33.5 million USD).

Mar-a-Lago, Trump's flagship resort in Florida, proved to be a significant income source, grossing over $56 million, according to the disclosed information.

In terms of debts, Trump lists obligations stemming from litigation. The New York attorney general's office has alleged business fraud, resulting in a civil fraud judgment of nearly $500 million, while a magazine writer's lawsuit judgments amount to $5 million and $88 million, respectively. Trump is currently appealing these verdicts.

As the financial disclosures offer a glimpse into Trump's vast wealth and unconventional income streams, they contribute to the ongoing understanding of his financial standing and investment practices.

(Note: The information provided in this article is based on the disclosed financial documents filed by Donald Trump as part of his Republican presidential bid

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

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