Trump filing shows he took in about $1.2 billion from crypto businesses last year
NEW YORK (AP) — President Donald Trump made nearly $1.2 billion from his crypto businesses last year, keeping profits steady while investors grappled with losses, according to a federal filing released Monday.
While they were just start-ups when they took the oath of office, new ventures are now dwarfed most of its large real estate portfolio in terms of income It took decades to accumulate. Fueling their rise was a pair of billionaire investors and Trump’s move to eliminate a federal crackdown on the industry.
Trump raised more than $500 million from his World Liberty Financial business by selling new crypto products, including “governance tokens,” according to the Office of Government Ethics’ required annual disclosure report. It also showed that another crypto business, CIC Digital LLC, generated more than $600 million from the sale of souvenir-style “meme” coins stamped with his face.
The value of both tokens and coins has fallen since the sell-off.
Trump also made millions in sales last year Trump-branded Bibles, sneakers and other small items Another unprecedented move for the presidency. He earned $4.7 million for Trump-branded watches alone.
Cryptocurrency’s rise relative to Trump’s properties is particularly notable given that Trump took in tens of millions in additional fees from new hotel, resort and condo deals abroad last year. This represents the largest property expansion in the century since its founding. Many of these countries were negotiating with the United States over tariffs, military aid, and other important issues.
A property in the United Arab Emirates fetched $10.4 million. A building built by a real estate developer close to the ruling family in Saudi Arabia sent $9 million to the president’s company. Bucharest, Romania and Qatar each sent him $5 million.
