Trump took in about $1.2 billion from crypto businesses last year, financial disclosure shows
Summary
President Donald Trump earned about $1.2 billion last year from his cryptocurrency businesses, according to a government financial report. These new ventures made more money than much of his real estate portfolio, even as the value of the crypto tokens he sold dropped.Key Facts
- President Trump made nearly $1.2 billion in revenue from crypto businesses in the past year.
- His World Liberty Financial business earned over $500 million by selling new crypto products called "governance tokens."
- Another company, CIC Digital LLC, made more than $600 million selling "meme" coins featuring Trump's image.
- The value of these crypto tokens and coins decreased significantly after the sales.
- Trump also earned millions by selling other branded items, including bibles, sneakers, and watches.
- The sale of Trump-branded watches alone generated $4.7 million.
- The rise in crypto revenue has outpaced his historic property earnings.
- The growth of these businesses was helped by wealthy investors and changes in federal crypto regulation.
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