SouthernWorldwide.com – President Trump’s financial disclosures for the past year reveal substantial earnings exceeding $1 billion from cryptocurrency ventures, including his involvement with a meme coin and his family’s crypto firm.
The disclosure shows Mr. Trump received $635 million in royalties from the company responsible for issuing the $TRUMP crypto token. This token was launched just three days before he began his second term in office.
This particular “meme coin,” characterized by its commemorative or comedic purpose rather than use as a currency, experienced a peak valuation of $74.24 on the day of its launch. As of Tuesday evening, its price stood at $1.67, according to data from Coinbase.
Further earnings reported by the President include over $500 million from token sales conducted by World Liberty Financial, a cryptocurrency company associated with Mr. Trump and his family. Additionally, he reported approximately $65 million from equity sales in the firm that oversees World Liberty Financial, with another $196 million listed from equity sales in Stablecoin Holdco LLC.
World Liberty Financial, a crypto firm involved in token issuance, was established during the 2024 presidential campaign. Its co-founders include President Trump, his sons Eric and Donald Jr., and Zack and Alex Witkoff, sons of Steve Witkoff, a U.S. special envoy and long-time associate of Mr. Trump.
Among World Liberty Financial’s initiatives is USD1, a stablecoin designed to maintain a value pegged at $1 per coin, serving as a store of value. The company also offers another crypto product, $WLF tokens, and retains 75% of the net revenue generated from these token sales, as indicated in the company’s public statements.
The company faced scrutiny last year when an investment fund owned by the Abu Dhabi government utilized the USD1 stablecoin for a multibillion-dollar investment in the prominent crypto exchange Binance. Changpeng Zhao, a co-founder of Binance, had previously received a pardon from Mr. Trump for financial crimes. Mr. Trump has maintained there is no connection between the pardon and the World Liberty Financial transaction, telling CBS News last year that he did not know Mr. Zhao.
In response to inquiries regarding the financial disclosure, White House spokesperson Anna Kelly stated to CBS News that “there are no conflicts of interest.”
Kelly further commented, “This is the same, tired narrative that Democrats have pushed against President Trump, his family, and his administration for a decade. President Trump only acts in the best interests of the American public – which is why they overwhelmingly re-elected him to this office, despite years of lies and false accusations against him and his businesses from the fake news media.”
The income generated by Mr. Trump from his crypto-related activities significantly surpassed his earnings from many of the real estate businesses that originally contributed to his fame. These real estate ventures included approximately $77 million from his Mar-a-Lago club, $122 million from his golf club in Doral, Florida, and over $30 million each from golf clubs located in Jupiter, Florida, Bedminster, New Jersey, and Turnberry, Scotland.
The financial filing provides a comprehensive overview of the various other avenues through which the president’s name generates revenue. An ethics official pointed out that Mr. Trump was granted a 45-day extension to submit the report and subsequently “paid late filing fees related to transactions not previously reported” on earlier disclosures.
He reported earnings of $4.7 million in royalties from “Trump Watches,” in addition to payments received for Trump-branded sneakers, fragrances, and guitars. Trump Restaurants LLC, a New York-based entity entirely owned by one of the president’s holding companies, reported nearly $2.9 million in food and beverage sales, according to the filing.
His literary works also continued to generate income, including approximately $1.9 million from “Save America” and smaller amounts from titles such as “The Art of the Deal,” “Letters to Trump,” “A MAGA Journey,” and a version of the Bible produced in collaboration with singer Lee Greenwood.
Ventures associated with First Lady Melania Trump are also detailed in the filing. It lists over $10.7 million in net proceeds from a licensing agreement linked to the film “Melania,” approximately $6 million from the sale of NFTs and other collectibles, and additional proceeds from her memoir.
Similar to the previous year’s financial disclosure, Mr. Trump listed several court judgments against him as liabilities. These include a penalty related to a civil fraud case initiated by New York Attorney General Letitia James and two multi-million dollar judgments owed to E. Jean Carroll, who had accused the president of sexual abuse and defamation. Mr. Trump has denied these allegations.
The civil fraud judgment was overturned last year by a panel of appellate judges who deemed the requirement for him to pay nearly $527 million in fines plus interest as “excessive,” although non-financial penalties remained in place. The Supreme Court on Tuesday declined to hear Mr. Trump’s appeal of the jury verdict in the cases brought by Ms. Carroll.
