Donald Trump has declared more than $1.1 billion in income from cryptocurrency, meme coins and licensed goods

Cryptocurrency projects provided the main income

According to financial statements, Donald Trump declared more than $1.16 billion in income last year. The largest source of profit was the sale of tokens of the family cryptocurrency company World Liberty Financial, which brought in $526.8 million.

Another 635 million dollars was received by the US president in the form of royalties under a license agreement with the company Celebration Coins, which produces commemorative coins and collectible products.

Trump keeps large cryptocurrency assets

Documents show that Donald Trump still owns 15.75 billion World Liberty Financial tokens. Despite a significant drop in their value during the year, the current valuation of this package is about $900 million.

In addition, the declaration shows that the US president received more than $33 million from Bitcoin transactions and more than $150 million through the Ethereum blockchain.

The financial declaration raised questions about a conflict of interest

The release of the report has already attracted the attention of experts, as the Trump administration has loosened regulation of the cryptocurrency industry since his return to the White House. In particular, a number of restrictions introduced during the presidency of Joe Biden were canceled, as well as individual lawsuits against large cryptocurrency companies were stopped.

Against this background, the president's large-scale involvement in the cryptocurrency business may become the subject of new discussions regarding a potential conflict of interest.

Large companies also contributed

The financial declaration contains information about significant contributions from large American companies. In particular, Meta transferred $24.5 million to the Trump presidential library project.

Alphabet (Google) has donated $22 million to the Trust for the National Mall, which is financing the construction of a new ballroom in the East Wing of the White House. In addition, CBS and ABC TV channels each contributed $16 million to the presidential library, and the settlement of a lawsuit with Twitter brought Trump another $8 million.

Branded products brought additional income

In addition to cryptocurrency projects, Donald Trump continues to receive significant licensing income from the use of his own brand.

According to the declaration, he earned $4.7 million in royalties from the sale of Trump watches, $1.9 million from the book Save America, almost 600 thousand dollars from the photo album Letters to Trump, more than $208,000 from the sale of the licensed Bible of singer Lee Greenwood, and also received income from the sale of branded sneakers, perfume and a souvenir guitar.

The investment portfolio is also expanding

In addition to income from cryptocurrencies and license agreements, it was previously known that Donald Trump purchased bonds of the Netflix company in the amount of more than 1.1 million dollars. The investment was made during the period of active competition between the largest US media companies for the acquisition of Warner Bros. assets. Discovery.