Latest news with #US57.35
Sydney Morning Herald
4 days ago
- Business
- Sydney Morning Herald
Bibles, golf courses and crypto: How Donald Trump made his money in 2024
A meme coin released this year by the president – $USTRUMP – alone has earned an estimated $US320 million in fees, although it is not publicly known how that amount has been divided between a Trump-controlled entity and its partners. In addition to the meme coin fees, the Trump family has raked in more than $US400 million from World Liberty Financial, a decentralised finance company. The Trump family is involved, also, with a bitcoin mining operation and digital asset exchange-traded funds. In the disclosures, Trump reported $US57.35 million from token sales at World Liberty. He also reported holding 15.75 billion governance tokens in the venture. The wealth of the Republican businessman-turned-politician ranges from crypto to real estate, and a large part on paper is tied up in his stake in Trump Media & Technology Group, owner of social media platform Truth Social. Besides assets and revenues from his business ventures, Trump reported at least $US12 million in income, including through interest and dividends, from passive investments totaling at least $US211 million, a Reuters calculation shows. His biggest investments were in alternative fund manager Blue Owl Capital Corp and in government bond funds managed by Charles Schwab and Invesco. The disclosure often only gave ranges for the value of his assets and income; Reuters used the lower amount listed, meaning the total value of his assets and income was almost certainly higher. The disclosure showed income from various assets including Trump's properties in Florida. Trump's three golf-focused resorts in the state – Jupiter, Doral and West Palm Beach – plus his nearby private members' club at Mar-a-Lago generated at least $US217.7 million in income, according to the filing. Trump National Doral, the expansive Miami-area golf hub known for its Blue Monster course, was the family's single largest income source at $US110.4 million. The income figures provided are essentially revenue, not net profits after subtracting costs. Loading The disclosure underlined the global nature of the Trump family business, listing income of $US5 million in licence fees from a development in Vietnam, $US10 million in development fees from a project in India and almost $US16 million in licensing fees for a Dubai project. Trump collected royalty money, also, from a variety of deals – $US1.3 million from the Greenwood Bible (its website describes it as 'the only Bible officially endorsed by [country singer] Lee Greenwood and President Trump'); $US2.8 million from Trump Watches, and $US2.5 million from Trump Sneakers and Fragrances. Trump listed $US1.16 million in income from his NFTs – digital trading cards in his likeness – while first lady Melania Trump earned about $US216,700 from licence fees on her own NFT collection.
The Age
4 days ago
- Business
- The Age
Bibles, golf courses and crypto: How Donald Trump made his money in 2024
A meme coin released this year by the president – $USTRUMP – alone has earned an estimated $US320 million in fees, although it is not publicly known how that amount has been divided between a Trump-controlled entity and its partners. In addition to the meme coin fees, the Trump family has raked in more than $US400 million from World Liberty Financial, a decentralised finance company. The Trump family is involved, also, with a bitcoin mining operation and digital asset exchange-traded funds. In the disclosures, Trump reported $US57.35 million from token sales at World Liberty. He also reported holding 15.75 billion governance tokens in the venture. The wealth of the Republican businessman-turned-politician ranges from crypto to real estate, and a large part on paper is tied up in his stake in Trump Media & Technology Group, owner of social media platform Truth Social. Besides assets and revenues from his business ventures, Trump reported at least $US12 million in income, including through interest and dividends, from passive investments totaling at least $US211 million, a Reuters calculation shows. His biggest investments were in alternative fund manager Blue Owl Capital Corp and in government bond funds managed by Charles Schwab and Invesco. The disclosure often only gave ranges for the value of his assets and income; Reuters used the lower amount listed, meaning the total value of his assets and income was almost certainly higher. The disclosure showed income from various assets including Trump's properties in Florida. Trump's three golf-focused resorts in the state – Jupiter, Doral and West Palm Beach – plus his nearby private members' club at Mar-a-Lago generated at least $US217.7 million in income, according to the filing. Trump National Doral, the expansive Miami-area golf hub known for its Blue Monster course, was the family's single largest income source at $US110.4 million. The income figures provided are essentially revenue, not net profits after subtracting costs. Loading The disclosure underlined the global nature of the Trump family business, listing income of $US5 million in licence fees from a development in Vietnam, $US10 million in development fees from a project in India and almost $US16 million in licensing fees for a Dubai project. Trump collected royalty money, also, from a variety of deals – $US1.3 million from the Greenwood Bible (its website describes it as 'the only Bible officially endorsed by [country singer] Lee Greenwood and President Trump'); $US2.8 million from Trump Watches, and $US2.5 million from Trump Sneakers and Fragrances. Trump listed $US1.16 million in income from his NFTs – digital trading cards in his likeness – while first lady Melania Trump earned about $US216,700 from licence fees on her own NFT collection.
The Advertiser
7 days ago
- Business
- The Advertiser
Trump reports tens of millions in income from crypto
US President Donald Trump has filed his first public financial disclosure report of his term, providing what he says is the latest information about his holdings, including income from his family's foray into cryptocurrencies. Trump, who returned to office in January, reported $US57.35 million ($A88.26 million) from token sales at crypto firm World Liberty Financial. He also reported holding 15.75 billion governance tokens in the venture. The financial disclosure was signed as of June 13 and did not state the time period it covered. The details of the cryptocurrency listings, as well as other information in the disclosure, suggest it was through the end of December 2024, which would exclude most of the money raised by the family's cryptocurrency ventures. The wealth of the Republican businessman-turned-politician ranges from crypto to real estate, and a large part on paper is tied up in his stake in Trump Media & Technology Group, owner of social media platform Truth Social. The disclosure showed income from various assets including Trump's properties in Florida. Trump's three golf-focused resorts in the state - Jupiter, Doral and West Palm Beach - plus his nearby private members' club at Mar-a-Lago, generated at least $US217.7 million in income, according to the filing. The disclosure also listed income of $US5 million in licence fees from a development in Vietnam. The White House did not immediately respond to a request for comment. US President Donald Trump has filed his first public financial disclosure report of his term, providing what he says is the latest information about his holdings, including income from his family's foray into cryptocurrencies. Trump, who returned to office in January, reported $US57.35 million ($A88.26 million) from token sales at crypto firm World Liberty Financial. He also reported holding 15.75 billion governance tokens in the venture. The financial disclosure was signed as of June 13 and did not state the time period it covered. The details of the cryptocurrency listings, as well as other information in the disclosure, suggest it was through the end of December 2024, which would exclude most of the money raised by the family's cryptocurrency ventures. The wealth of the Republican businessman-turned-politician ranges from crypto to real estate, and a large part on paper is tied up in his stake in Trump Media & Technology Group, owner of social media platform Truth Social. The disclosure showed income from various assets including Trump's properties in Florida. Trump's three golf-focused resorts in the state - Jupiter, Doral and West Palm Beach - plus his nearby private members' club at Mar-a-Lago, generated at least $US217.7 million in income, according to the filing. The disclosure also listed income of $US5 million in licence fees from a development in Vietnam. The White House did not immediately respond to a request for comment. US President Donald Trump has filed his first public financial disclosure report of his term, providing what he says is the latest information about his holdings, including income from his family's foray into cryptocurrencies. Trump, who returned to office in January, reported $US57.35 million ($A88.26 million) from token sales at crypto firm World Liberty Financial. He also reported holding 15.75 billion governance tokens in the venture. The financial disclosure was signed as of June 13 and did not state the time period it covered. The details of the cryptocurrency listings, as well as other information in the disclosure, suggest it was through the end of December 2024, which would exclude most of the money raised by the family's cryptocurrency ventures. The wealth of the Republican businessman-turned-politician ranges from crypto to real estate, and a large part on paper is tied up in his stake in Trump Media & Technology Group, owner of social media platform Truth Social. The disclosure showed income from various assets including Trump's properties in Florida. Trump's three golf-focused resorts in the state - Jupiter, Doral and West Palm Beach - plus his nearby private members' club at Mar-a-Lago, generated at least $US217.7 million in income, according to the filing. The disclosure also listed income of $US5 million in licence fees from a development in Vietnam. The White House did not immediately respond to a request for comment. US President Donald Trump has filed his first public financial disclosure report of his term, providing what he says is the latest information about his holdings, including income from his family's foray into cryptocurrencies. Trump, who returned to office in January, reported $US57.35 million ($A88.26 million) from token sales at crypto firm World Liberty Financial. He also reported holding 15.75 billion governance tokens in the venture. The financial disclosure was signed as of June 13 and did not state the time period it covered. The details of the cryptocurrency listings, as well as other information in the disclosure, suggest it was through the end of December 2024, which would exclude most of the money raised by the family's cryptocurrency ventures. The wealth of the Republican businessman-turned-politician ranges from crypto to real estate, and a large part on paper is tied up in his stake in Trump Media & Technology Group, owner of social media platform Truth Social. The disclosure showed income from various assets including Trump's properties in Florida. Trump's three golf-focused resorts in the state - Jupiter, Doral and West Palm Beach - plus his nearby private members' club at Mar-a-Lago, generated at least $US217.7 million in income, according to the filing. The disclosure also listed income of $US5 million in licence fees from a development in Vietnam. The White House did not immediately respond to a request for comment.
Perth Now
7 days ago
- Business
- Perth Now
Trump reports tens of millions in income from crypto
US President Donald Trump has filed his first public financial disclosure report of his term, providing what he says is the latest information about his holdings, including income from his family's foray into cryptocurrencies. Trump, who returned to office in January, reported $US57.35 million ($A88.26 million) from token sales at crypto firm World Liberty Financial. He also reported holding 15.75 billion governance tokens in the venture. The financial disclosure was signed as of June 13 and did not state the time period it covered. The details of the cryptocurrency listings, as well as other information in the disclosure, suggest it was through the end of December 2024, which would exclude most of the money raised by the family's cryptocurrency ventures. The wealth of the Republican businessman-turned-politician ranges from crypto to real estate, and a large part on paper is tied up in his stake in Trump Media & Technology Group, owner of social media platform Truth Social. The disclosure showed income from various assets including Trump's properties in Florida. Trump's three golf-focused resorts in the state - Jupiter, Doral and West Palm Beach - plus his nearby private members' club at Mar-a-Lago, generated at least $US217.7 million in income, according to the filing. The disclosure also listed income of $US5 million in licence fees from a development in Vietnam. The White House did not immediately respond to a request for comment.
