President Donald Trump’s latest financial disclosure reveals that he has made over a billion dollars from cryptocurrency ventures in his first year back in office. The disclosure, which totals 927 pages, provides an extensive look at the president’s growing fortune, including his stakes in companies co-founded by his family members.
Cryptocurrency Investments
Trump netted more than $526 million from sales of cryptocurrency tokens tied to World Liberty Financial LLC, a firm managed in part by his sons, Eric and Donald Trump Jr. The president holds several other cryptocurrency investments totaling millions of dollars, according to the disclosures.
In addition to his cryptocurrency investments, Trump has also continued to generate income from properties, including his Mar-a-Lago club, which generated $77 million in resort-related revenue. The president has also lent his name to various products and ventures, collecting hefty royalties and licensing fees, including $635 million from an agreement with Celebration Coins.
Other Ventures
Other profit generators for Trump include $4.7 million in royalties for Trump Watches, $208,000 related to a bible that the president has frequently promoted, and $67,634 for Trump Sneakers & Fragrances. The president also reported nearly $440,000 in gifts that he received over his last year in office, including $250,000 from a New York businessman and GOP congressional candidate for a statue of Trump.
The White House has denied that the president is conflicted by his financial interests, emphasizing that he is not actively involved in managing his businesses or investments. However, Trump has at times promoted businesses and policies that stand to benefit him and his family members financially, including his vocal support for the cryptocurrency industry.
Original reporting: KTVZ (Central Oregon) — read the source article.