Donald Trump reportedly has between $1 and $5 million in Ethereum cryptocurrency, a remarkable holding
Former US President Donald Trump owns more than $1 million in cryptocurrency and up to $250,000 in gold bullion along with a portfolio of golf courses and real estate holdings that have made him a billionaire, according to newly released financial disclosures.
The details come from documents filed by Trump as part of his Republican presidential campaign that were released Thursday night.
The more than 200 pages of documentation offer a limited picture of the real estate developer-turned-reality TV star-turned-president’s money and investments. In accordance with federal law, the value of most assets is listed in a range, though Trump reports precise figures for some of his income. The document does not detail the former president’s business losses, making it impossible to determine how much profit any of his myriad properties are providing him.
But it does offer insight into Trump’s vast wealth and some new details about the unusual ways he makes money.
Trump reported earning $300,000 from sales of an edition of the Bible he and country singer Lee Greenwood promoted, known as The Greenwood Bible. He also earned $4.4 million in royalties from a book called Letters to Trump and $500,000 from one called A MAGA Journey. Trump still receives royalties from a slew of other books, including The Art of the Deal, which was published in 1987 and earned the former president between $50,000 and $100,000 last year.
As a former member of the Screen Actors Guild, Trump receives an annual pension of $90,776.
Trump’s fame comes from the real estate industry, but his biggest current asset is probably his media company, which runs the social network Truth Social. The company went public in March and Trump claims to own more than 114 million shares of the firm. He is currently unable to sell the stock as part of a lock-up agreement that prevents major shareholders from selling shares for six months after the IPO, but with the company’s stock trading at about $23 per share on Friday, his holdings are worth more than $2 billion.
Trump’s other investments are also unusual. He reportedly owns between $1 million and $5 million worth of the cryptocurrency ethereum, a notable holding because he has promised to lift regulations on the cryptocurrency industry if he returns to the White House.
Trump also reported earning $7.15 million in licensing fees from NFT INT, which appears to be a company that sells digital tokens. His wife, Melania, earned $330,000 from selling NFTs, according to the report.
The former president also reported owning between $100,000 and $250,000 in gold bullion.
Those assets are dwarfed by a wide range of sizable investments in traditional stocks and even a wide range of municipal and school bonds, as well as by its real estate holdings.
Trump reports a wide range of businesses and investments spanning the globe. Many appear to be simply trademark claims in countries as varied as Argentina, Belarus, Cuba and India. Others make him money, including more than $3 million in licensing income he reported in Dubai and more than $2 million in Oman.
Trump’s golf courses also bring in money, including $37 million from his club in Bedminster, New Jersey, where he held a news conference Thursday; $31 million from his golf club in Jupiter, Florida; and £26 million (the equivalent of $33.5 million) in revenue from his Turnberry golf course in Scotland.
Trump’s iconic Mar-a-Lago resort in Florida generated more than $56 million in revenue, the report said.
Melania Trump was paid $237,000 to speak to the conservative gay rights group Log Cabin Republicans in April.
Trump lists several debts, including one stemming from litigation against him by the New York attorney general’s office alleging business fraud and two more from a magazine writer.
One jury found Trump liable for sexually assaulting E. Jean Carroll in 1996, and a second jury found he libeled her when he continued to deny it.
Trump lists his debts to Carroll as between $1 million and $5 million and more than $50 million, the highest category available. The court judgments against him were $5 million and $88 million, respectively. Trump is appealing the verdicts.
Trump also lists his debt to the New York attorney general’s office at more than $50 million. He owes nearly $500 million in the civil fraud judgment and is appealing that verdict as well.
(Only the headline and image of this report may have been reworked by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First published: August 17, 2024 | 6:47 a.m. IS
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