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Donald Trump owns more than $1M in crypto

Donald Trump owns more than $1M in crypto

Former US President Donald Trump owns over $1 million in cryptocurrency and up to $250,000 in gold bars...

Image of Sahil ThakurSahil ThakurNews

Aug 17, 2024

Image of Sahil Thakur

Sahil Thakur

Former US President Donald Trump owns over $1 million in cryptocurrency and up to $250,000 in gold bars, along with a portfolio of golf courses and real estate properties that contribute to his billionaire status, according to newly released financial disclosures. These details come from documents Trump filed as part of his Republican presidential bid, which were released Thursday night.

  • The over 200 pages of documents provide a limited view of Trump’s finances, with most asset values listed in ranges. The disclosures do not include details of Trump’s business losses, making it difficult to assess the profitability of his holdings.
  • Trump earned $300,000 from sales of “The Greenwood Bible,” $4.4 million in royalties from “Letters to Trump,” and $500,000 from “A MAGA Journey.” Additionally, he still receives royalties from other books, including “$50,000 to $100,000” from “The Art of the Deal.”
  • Trump’s most significant asset currently appears to be his media company that operates Truth Social. He owns over 114 million shares in the firm, worth more than $2 billion, although he is currently unable to sell these shares due to a lock-up agreement.

In addition to these assets, Trump holds $1 million to $5 million worth of Ethereum, which is notable given his pledge to deregulate the cryptocurrency industry if he returns to the White House. He also reported earning $7.15 million in licensing fees from NFT INT, a company that seems to sell digital tokens. His wife, Melania Trump, earned $330,000 from selling NFTs.

The former president reported owning $100,000 to $250,000 in gold bars. His wide range of investments includes trademark claims in countries like Argentina, Belarus, Cuba, and India. Some of these investments are income-generating, such as over $3 million from licenses in Dubai and more than $2 million in Oman.

Trump’s golf courses remain lucrative, with his Bedminster, New Jersey club generating $37 million, his Jupiter, Florida club earning $31 million, and his Turnberry course in Scotland bringing in 26 million British pounds (approximately $33.5 million). His flagship resort, Mar-a-Lago in Florida, generated more than $56 million in income.

Melania Trump also reported receiving a $237,000 payment for speaking at an event hosted by the conservative gay rights group Log Cabin Republicans in April.

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