President Donald Trump revealed more than $ 600 million in profits from a mixture of cryptocurrency companies, real estate assets and brand goods in newly published financial disclosure for 2024.
The main dishes to remember:
- Trump revealed more than $ 600 million in 2024 profits, a large part of crypto ventures.
- Its total asset base now exceeds $ 1.6 billion, with significant NFTS income, tokens sales and real estate.
- The revelation raises concerns concerning conflicts of potential interests during his presidency.
The deposit, made public on Friday, describes the president’s business portfolio, including important gains in digital assets and coins projects.
Although the exact time is not specified, the report seems to cover income until December 2024.
Trump’s active ingredients exceed $ 1.6 billion, overvoltage of profits
According to a Reuters analysis.
In particular, a large part of its 2024 windfall came from the efforts related to the crypto, including more than $ 320 million in estimated costs of the $ Trump memes, and more than $ 400 million in World Liberty Financial, a decentralized finance company.
The disclosure also shows that Trump received $ 57.35 million in token sales and holds 15.75 billion governance token in the company.
The report highlights the growing tangle between Trump’s commercial interests and the American cryptography industry.
Its involvement in Bitcoin exploitation, tokenized assets and digital FNB raises concerns concerning conflicts of potential interests.
Critics have stressed that some of its companies have seen tail winds from favorable political decisions during their mandate.
Trump Media & Technology Group, Parent Company of Truth Social, also remains a fundamental asset.
Although the exact assessments are not clear, the income of brand goods and license transactions continue to circulate.
Among them, $ 2.8 million from Trump Watches, $ 2.5 million in Trump brand sneakers and perfumes, and more than a million dollars in NFT commercial cards.
In the physical world, Florida Golf Resorts of Trump brought in $ 217.7 million, led by the Trump National Doral, which earned more than $ 110 million.
Additional income came from real estate projects in India, Dubai and Vietnam, with license and development costs totaling more than $ 30 million.
The deposit also included $ 12 million in passive income thanks to investments in Blue Owl Capital and the US bond funds.
Although he claimed to have been far from daily management, disclosure confirms that Trump remains deeply linked to the financial performance of his vast network of companies, notably Crypto.
The sec approves the recording linked to Bitcoin of $ 2.3 billion from Trump Media
As indicated, the SEC has approved the Trump Media and Technology Group (TMTG) registration declaration linked to a Bitcoin Treasury initiative of $ 2.3 billion.
The June 13 file covers 85 million shares, including 29 million convertible tickets.
Although approval gives TMTG flexibility to increase capital, the company says that it does not have the immediate intention of issuing new titles.
The green light from the dry occurs just a few weeks after TMTG confirmed a capital increase of $ 2.5 billion to accumulate bitcoin, after previous refusals.
In this announcement of May 27, Nunes described the bitcoin “an instrument of financial freedom”, saying that it would become an essential element of the company’s asset base.
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