In 2024, former President Donald Trump reported significant earnings from various sources, prominently featuring over $57 million from his cryptocurrency venture with World Liberty Financial, as outlined in the Executive Branch Personnel Public Financial Disclosure report filed on June 13.
Trump’s cryptocurrency platform, World Liberty Financial, launched in September 2023 and is largely a family-operated endeavor. His sons, Donald Trump Jr. and Eric Trump, manage the company, while his 18-year-old son Barron serves as the project’s “DeFi visionary,” according to CBS News. The leadership team also includes Zach Witkoff, the son of Trump’s Middle East envoy, Steve Witkoff. The venture stands out as one of Trump’s major income sources detailed on page 171 of the comprehensive 234-page report.
The report reveals that WLF Holdco LLC, of which Trump owns 75 percent through DT Marks Defi LLC, generated over $57.3 million from token sales. Notably, Trump’s $TRUMP cryptocurrency token, which saw its value soar just days before his inauguration, was not reported in this disclosure since it only debuted this year. Additionally, less than a day before the inauguration, $MELANIA meme coins honoring First Lady Melania Trump were launched, raising ethical concerns about the financial undertakings. Last month, Trump hosted a dinner for the top 220 holders of the $TRUMP token.
In the political arena, Sen. Elizabeth Warren (D-Mass.) expressed concern about the GENIUS Act, which is set to pass in the Senate next week and includes contentious legislation regarding cryptocurrency. Warren warned to Rolling Stone that this act might create a “superhighway for Donald Trump’s corruption,” as it would allow banks and private companies to issue stablecoins with minimal regulatory oversight.
Trump’s WLF recently introduced USD1 stablecoin, which is backed by U.S. treasury bonds and pegged to the dollar. The financial disclosure also reported that Trump’s Mar-a-Lago estate and exclusive club in Palm Beach, Florida generated over $50 million in revenue for 2024, and he received $15 million in licensing fees from a property in Dubai.
Additional income streams included $3 million in royalty payments for the coffee table book “Save America,” $2.5 million from Trump-branded sneakers and fragrances, $1.3 million from the “God Bless America” Bibles printed in China, and $1 million from Trump Guitars.
The report also disclosed Trump’s liabilities, which include over $50 million in litigation costs associated with E. Jean Carroll, the former magazine columnist, who successfully sued him for sexual abuse and defamation in two separate cases.