U.S. President Donald Trump, who ventured into crypto throughout his presidential marketing campaign final yr, earned over $58 million from crypto ventures in 2024.
Trump’s necessary 2025 monetary disclosure report filed on Friday detailed his earnings from all companies between Jan. 1 and Dec. 31, 2024. Within the submitting, Trump reported employment-related belongings value a minimal of $1.4 billion and income of not less than $622 million, in keeping with the New York Occasions.
Trump’s earnings from crypto earlier than his second time period began
In response to Trump’s necessary 2025 monetary disclosure report filed on Friday, his stake in World Liberty Monetary (WLF) alone earned him $57.4 million in 2024. The submitting signifies that the earnings got here from token gross sales, that means Trump should have offered a part of his holdings of WLF tokens.
The funding in WLF, a decentralized finance (DeFi) platform managed by Trump and his sons, subsequently, turned out to be the household’s most profitable funding in 2024. The submitting additionally exhibits that Trump holds 15.75 million WLF governance tokens, which give him voting rights.
Trump additionally earned over $1 million from NFT INT, LLC, which licensed his non-fungible tokens (NFTs). Moreover, he earned $100,000 in royalties from NFT INT and over $216,000 in NFT licensing charges from Designers Supervisor, in keeping with the monetary disclosure.
In a press release on Friday, Eric Trump, the president’s son who runs the Trump Group, mentioned:
“I’ve by no means been extra pleased with our firm — our portfolio is working flawlessly, and this has been the strongest yr within the outstanding historical past of the Trump Group.”
Trump’s crypto fortune is slated to develop
Trump’s earnings from crypto are anticipated to be considerably better this yr in mild of the crypto ventures he launched within the days earlier than and since his inauguration. A June 5 Forbes report estimated that Trump has earned $1 billion from crypto ventures since launching his NFTs in 2022.
The President launched the Official Trump (TRUMP) memecoin days previous to taking workplace for his second time period. Two Trump-owned entities management 80% of the token’s provide and share buying and selling charges with companions.
The memecoin has generated round $350 million in charges this yr, in keeping with crypto analytics agency Chainalysis, however the token’s value has remained slumped after it reached a peak two days earlier than Trump’s inauguration.
Because of this at the same time as nearly all of small buyers have misplaced cash on the token, Trump and his household have earned thousands and thousands. In response to Forbes, if Trump took 90% of the price earnings he’s alleged to share along with his companions, just like how Trump Media and Expertise Group is structured, Trump could possibly be sitting with $315 million.
Furthermore, Trump’s monetary disclosure doesn’t embrace the funds raised by WLF in 2025, which is able to considerably impression his earnings this yr. WLF’s first token sale occurred in October 2024, when it raised round $300 million. On Jan. 20, the day of Trump’s inauguration, WLF introduced its second spherical of fundraising. The token gross sales had been accomplished by March, with $250 million raised.
In response to Forbes’ calculations, Trump earned about $390 million from WLF’s token gross sales, netting $246 million after taxes. This week, the primary USD1, a stablecoin launched by WLF, was additionally minted after the corporate airdropped $47 value of USD1 to early backers final week.
