Hello and welcome to the details of Trump’s financial disclosure reveals over US$600m in income from crypto, golf and licensing fees and now with the details
Nevin Al Sukari - Sana'a - This photograph taken on March 12, 2025 shows a general view of the Trump Tower, in Mumbai. Donald Trump's business is booming in India, but his golf courses have been vandalised in Ireland and Scotland, and he has had business setbacks in Indonesia. — AFP pic
- Disclosures show assets worth at least US$1.6 billion (RM6.7 billion)
- Trump reports US$57.35 million from token sales at World Liberty
- Mar-a-Lago, other Florida golf clubs generated at least US$217.7 million in income
- President reports millions in fees from licensing fees, other deals
WASHINGTON, June 14 — Donald Trump reported more than US$600 million in income from crypto, golf clubs, licensing and other ventures in a public financial disclosure report released yesterday that provided a glimpse of the vast business holdings of America’s billionaire president.
The annual financial disclosure form, which appeared to cover the 2024 calendar year, shows the president’s push into crypto added substantially to his wealth but he also reported large fees from developments and revenues from his other businesses. Overall, the president reported assets worth at least US$1.6 billion, a Reuters calculation shows.
While Trump has said he has put his businesses into a trust managed by his children, the disclosures show how income from those sources still ultimately accrue to the president — something that has opened him to accusations of conflicts of interest.
Some of his businesses in areas such as crypto, for example, benefit from US policy shifts under him and have become a source of criticism.
The White House did not immediately respond to a request for comment.
The financial disclosure was signed on June 13 and did not state the time period it covered. The details of the cryptocurrency listings, as well as other information in the disclosure, suggest it was through the end of December 2024, which would exclude most of the money raised by the family’s cryptocurrency ventures.
Given the speed at which the Trump family has made deals during his ascent to the presidency, the filing is already a time capsule of sorts, capturing a period when the family was just starting to get into crypto but was largely still in the world of real estate deals and golf clubs.
A meme coin released earlier this year by the president — $TRUMP — alone has earned an estimated US$320 million in fees, although it’s not publicly known how that amount has been divided between a Trump-controlled entity and its partners.
In addition to the meme coin fees, the Trump family has raked in more than US$400 million from World Liberty Financial, a decentralised finance company. The Trump family is involved, also, with a bitcoin mining operation and digital asset exchange-traded funds.
In the disclosures, Trump reported US$57.35 million from token sales at World Liberty. He also reported holding 15.75 billion governance tokens in the venture.
The main building of the Mar-a-Lago Club in Palm Beach, Florida on February 18, 2025. — AFP pic
Trump media
The wealth of the Republican businessman-turned-politician ranges from crypto to real estate, and a large part on paper is tied up in his stake in Trump Media & Technology Group, owner of social media platform Truth Social.
Besides assets and revenues from his business ventures, the president reported at least US$12 million in income, including through interest and dividends, from passive investments totaling at least US$211 million, a Reuters calculation shows.
His biggest investments were in alternative fund manager Blue Owl Capital Corp and in government bond funds managed by Charles Schwab and Invesco.
The disclosure often only gave ranges for the value of his assets and income; Reuters used the lower amount listed, meaning the total value of his assets and income was almost certainly higher.
The disclosure showed income from various assets including Trump’s properties in Florida. Trump’s three golf-focused resorts in the state — Jupiter, Doral and West Palm Beach — plus his nearby private members’ club at Mar-a-Lago generated at least US$217.7 million in income, according to the filing.
Trump National Doral, the expansive Miami-area golf hub known for its Blue Monster course, was the family’s single largest income source at US$110.4 million.
The income figures provided are essentially revenues, not net profits after subtracting costs.
The disclosure underlined the global nature of the Trump family business, listing income of US$5 million in license fees from a development in Vietnam, US$10 million in development fees from a project in India and almost US$16 million in licensing fees for a Dubai project.
Trump collected royalty money, also, from a variety of deals — US$1.3 million from the Greenwood Bible (its website describes it as “the only Bible officially endorsed by Lee Greenwood and President Trump”); US$2.8 million from Trump Watches, and US$2.5 million from Trump Sneakers and Fragrances.
Trump listed US$1.16 million in income from his NFTs — digital trading cards in his likeness — while First Lady Melania Trump earned around US$216,700 from license fees on her own NFT collection. — Reuters
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