US President Donald Trump has earned over $57.4 million from the sale of World Liberty Financial tokens, according to federal financial disclosure forms released by the White House. The cryptocurrency investment and lending platform was launched by Trump and his sons ahead of last year’s election, raising concerns about potential conflicts of interest. The financial disclosure document, issued by the Office of Government Ethics, revealed that World Liberty Financial had issued 100 billion tokens, with 22.5 billion allocated to the Trump-affiliated company DT Marks Defi. Trump’s involvement in the crypto industry has been significant since returning to power, including appointing crypto advocate Paul Atkins to head the Securities and Exchange Commission (SEC) and establishing a federal ‘Strategic Bitcoin Reserve.’ Vice President JD Vance described cryptocurrencies as having ‘a champion and an ally’ in the White House during a bitcoin conference in Las Vegas. The document also provided an overview of Trump’s other income sources, including $2.8 million from watches, $2.5 million from perfumes and sneakers, and over $50 million from his Mar-a-Lago club in Florida. Trump’s golf courses worldwide also generated significant income, with $29.1 million coming from his West Palm Beach course. Additionally, Trump received a monthly retirement payment of $6,484 from the Screen Actors Guild.
Trump’s Crypto Investments and Financial Disclosure
The financial disclosure forms showed that Trump’s income from various sources was substantial. His involvement in the cryptocurrency sector has been a significant factor in his financial gains. The World Liberty Financial token sales contributed substantially to his earnings, with $57.4 million being a notable figure. Trump’s transition into the crypto industry has been marked by several key decisions, including the appointment of Paul Atkins to the SEC. This move has been seen as a step towards clearing regulatory hurdles for cryptocurrencies.
Other Income Sources for Trump
Apart from cryptocurrency, Trump earned significant amounts from other business ventures. His branded products, such as watches and perfumes, generated millions in income. The Mar-a-Lago club in Florida was another major source of revenue, bringing in over $50 million. Trump’s golf courses globally also contributed to his financial portfolio, with the West Palm Beach course alone generating $29.1 million. These figures were part of the detailed financial disclosure that highlighted Trump’s diverse income streams.
