Trump Family Crypto Ventures Report Over $1.4 Billion in Income
Quick Look
- US President Donald Trump's family crypto ventures reportedly earned over $1.4 billion last year, now constituting the majority of his income.
- This surge in digital asset revenue, benefiting from his policies, eclipses his traditional property portfolio.
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Why It Matters
President Trump's family crypto ventures reported over $1.4 billion in income last year, now comprising most of his earnings. These ventures have grown significantly since Trump took office.
US President Donald reported more than US$1.4 billion in income from his family’s crypto ventures last year, showing how he now earns most of his income from digital assets that have benefited from his policies, according to a review of his latest financial disclosures on Tuesday.
The president also reported more than $80 million in income from settlements with various media companies and millions in income from his company licensing his name to overseas property developers.
The disclosures provide new insights into the scale of the president’s profits from his family’s foray into cryptocurrencies. Reuters has previously estimated that the Trump family has generated at least $2.3 billion in profit from investors since Trump retook the presidency.
The White House did not immediately respond to a request for comment about the filings.
Mere start-ups when Trump took the oath of office, the new ventures have now eclipsed in revenue much of his vast property portfolio that took decades to accumulate. Fuelling their rise was a pair of billionaire investors and Trump’s own move to quash a federal crackdown on the industry.
Open Questions
- Details of the federal crackdown quashed by Trump.
- Specifics of the media company settlements.
