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Trump’s Financial Gains from Various Ventures
Former President Donald Trump’s financial disclosure report has revealed that he generated over $10 million in the past year from selling various merchandise, including watches, sneakers, bibles, and guitars. However, his most lucrative venture appears to be his investment in a cryptocurrency platform. According to the report released by the Office of Government Ethics, Trump has accrued a staggering $57,355,532 from his ownership in World Liberty Financial. Notably, his recently launched $TRUMP meme coin, which began in January, is estimated to have generated around $320 million in fees, although it was not included in this disclosure.
Overview of Trump’s Earnings
In addition, Trump’s financial filings indicate he has earned substantial income from licensing fees, detailed in a lengthy 234-page report. In stark contrast, former President Joe Biden’s financial disclosure for 2024 was a mere 11 pages. Trump’s Mar-a-Lago estate and exclusive club in Palm Beach reportedly generated over $50 million, covering the 2024 calendar year. Other notable income sources include “Trump Watches,” which earned $2.8 million, and “Save America” coffee table books that brought in $3 million. Additionally, sales from Trump sneakers and fragrances totaled $2.5 million, with the Greenwood Bible generating $1,306,035 and “45” guitars earning $1,055,100. Trump also marketed limited edition American Eagle-branded electric and acoustic guitars last November, priced between $1,500 and $10,500. Earlier in 2024, he introduced his “Never Surrender” high-top shoes, retailing at $399.
Criticism and Controversy Surrounding Trump’s Merchandise
Despite facing criticisms of opportunism, Trump has consistently promoted his merchandise to his supporters. The scrutiny has intensified around his cryptocurrency activities. A recent report by the Financial Times indicated that Trump’s media company is looking to raise $3 billion to invest in Bitcoin and other cryptocurrencies. The Trump Media & Technology Group, which operates the Truth Social app, is seeking to secure $2 billion from new equity and $1 billion from a convertible bond.
Potential Conflicts of Interest
This initiative raises concerns regarding potential conflicts of interest, as it appears that Trump may be enacting policies while in office that could financially benefit him and his family. Last month, Trump also hosted a gathering for 200 of the leading investors in the $TRUMP meme coin at his golf club in Virginia, an act that has drawn criticism from watchdog groups, labeling it as “nakedly corrupt.”
