Recommendations of the Editorial team
US President Donald Trump achieved revenue from various sources in 2024. Including luxury properties, royalties and license fees for the use of his name and image as well as high sums from his crypto business with World Liberty Financial. Everything of over 57 million dollars (around 49 million euros). This goes from the submitted on June 13th, Mandatory report on the financial disclosure of the executive Hervo.
Trump launched the World Liberty Financial cryptocurrency platform in September. And it is a family business. It is checked by his sons Donald Trump Jr. and Eric Trump. According to CBS News, Trump’s 18-year-old son Barron is the “defi genius” of the project. Zach Witkoff, the son of Trump’s Middle East, Steve Witkoff, also includes the leadership team. The company is one of the largest sources of income in the 234-page document for the calendar year 2024. At which Trump over the company DT Marks Defi LLC holds a participation of 75 percent.
Income by $ Trump token, genius legislation in focus
Trump’s cryptocurrency token $ Trump, who reached billions in paper two days before the day before the inauguration, is not included in the form. Because he was only published this year. Less than 24 hours before his inauguration, $ Melania meme coins for First Lady Melania Trump were also released. All of this raised ethical questions. Last month Trump organized a dinner for the 220 largest owners of $ Trump.
Meanwhile, the Genius Act, which contains a controversial legislative package on cryptocurrencies and is to be adopted by the Senate next week, could create “an overtaking lane for Donald Trump’s corruption”, according to Senator Elizabeth Warren (D-Mass.). She informed the Rolling Stone before the crucial votes. The Genius Act would allow banks and private companies to issue stable coins with minimal official supervision. Trump’s WLF company recently launched StableCoin USD1. Which is coupled to the US dollar and covered by government bonds.
Further income from Mar-A-Lago, license fees and Bibles
The report on financial disclosure also showed that Trump’s estate and exclusive Club Mar-A-Lago in Palm Beach, Florida brought in over $ 50 million in 2024. He achieved $ 15 million from license fees for a property in Dubai.
He received further royalties of $ 3 million for the illustrated book “Save America”. Other large sources of income were $ 2.5 million of Trump sneakers and perfumes, Trump’s “God Bless America” Bible (printed in China) with $ 1.3 million. As well as $ 1 million from Trump guitars.
Disclosure of liabilities
The report also included the disclosure of liabilities. He lists over $ 50 million of ongoing court proceedings in connection with E. Jean Carroll-the former magazine columnist, who sued him for sexual abuse and defamation as well as separately for sexual assault and defamation and won both processes.