Trump Reports Over $600 Million in Income from Crypto, Golf, and Licensing

In a comprehensive financial disclosure filed on June 13, former President Donald Trump reported more than $600 million in income during the 2024 calendar year, with significant earnings from cryptocurrency ventures, golf resorts, licensing deals, and real estate development. The report offers a detailed snapshot of Trump’s extensive financial footprint, underscoring how his business empire has evolved during his presidency, particularly with rapid inroads into digital assets and decentralized finance.

Crypto Windfall Surpasses $370 Million Amid Regulatory Scrutiny

A standout figure in the disclosure was Trump’s earnings from cryptocurrency-related businesses, which exceeded $370 million. A meme coin released under his name—$TRUMP—generated an estimated $320 million in fees alone, though the disclosure did not specify the exact share retained by Trump-controlled entities. Additional revenue came from World Liberty Financial, a decentralized finance firm closely associated with the Trump family, with the former president reporting $57.35 million from token sales and ownership of 15.75 billion governance tokens.

Highlights:

• $320 million from meme coin fees tied to $TRUMP token.

• $57.35 million from token sales at World Liberty Financial.

• Trump also linked to bitcoin mining and digital asset ETFs.

• Disclosure excludes 2025 revenues from newer crypto deals.

Golf Properties Generate $217 Million in Revenue, Led by Trump Doral

Trump’s three major golf-focused resorts in Florida—Jupiter, West Palm Beach, and Doral—along with the Mar-a-Lago Club, together generated at least $217.7 million in gross revenue. The Trump National Doral resort, known for its iconic Blue Monster course, was the single largest revenue contributor with $110.4 million. These income figures reflect topline revenues and not net earnings.

Highlights:

• Golf and resort properties in Florida earned $217.7 million.

• Trump National Doral brought in $110.4 million alone.

• Mar-a-Lago remains a core asset in Trump’s portfolio.

Licensing & International Development Deals Add Millions

Trump also reported significant income from international development and licensing deals, reinforcing the global nature of his business empire. Key revenue streams included:

• $10 million in development fees from a project in India.

• $5 million in license fees from a Vietnam-based development.

• $15.8 million in licensing fees from a real estate project in Dubai.

In addition, royalty income from branded merchandise included:

• $2.8 million from Trump Watches.

• $2.5 million from Trump Sneakers & Fragrances.

• $1.3 million from the Greenwood Bible, branded with Trump and country singer Lee Greenwood.

• $1.16 million from sales of Trump-branded NFTs.

Highlights:

• Over $30 million earned from India, Vietnam, and Dubai projects.

• Trump-branded merchandise and digital assets added millions.

• Melania Trump earned ~$216,700 from her NFT collection.

Passive Investments and Financial Holdings Worth $211 Million

Beyond operational income, Trump’s disclosure reported at least $12 million in income from passive investments, including interest and dividends from financial assets valued at $211 million. His top holdings include stakes in:

• Blue Owl Capital Corp, an alternative asset manager.

• Government bond funds from Charles Schwab and Invesco.

Trump Media & Technology Group, which owns Truth Social, remains a cornerstone asset in Trump’s post-White House business interests. While specific earnings from the platform weren’t disclosed, it likely represents a large portion of his paper wealth.

Highlights:

• $12 million from passive financial instruments.

• $211 million in investment holdings.

• Truth Social stake remains a key part of Trump’s wealth.

Conflict of Interest Debate Rekindled as Trump Retains Beneficial Ties

Despite Trump’s assertion that his businesses are managed through a trust controlled by his children, the disclosures show that income continues to accrue directly to him, rekindling long-standing concerns over potential conflicts of interest. Several of his crypto ventures, in particular, may benefit from U.S. policy decisions made under his administration, critics note.

Highlights:

• Disclosure reignites concerns over business entanglements.

• Crypto revenues tied to regulatory environment under Trump.

• Trust management does not insulate Trump from income accrual.

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