How Trump Cashed In: New Disclosures Reveal Millions Made Through Bibles, Tokens, and Watches

President Donald Trump has leveraged his political status to grow his business empire significantly. Recent financial documents reveal that he has made a substantial income from various ventures, including a cryptocurrency company and luxury goods.

One notable highlight is a $57 million token sale related to WLF Holdco LLC, a firm tied to the Trump family. This company is actively managed, in part, by Trump’s sons. Additionally, Trump has invested between $1 million and $5 million in ethereum, reflecting his stance as a crypto-friendly president.

This was the first time in a while that Trump disclosed his assets since resuming office, providing insights into his financial activities during the campaign. The filings, spanning over 230 pages, outline not just earnings but also liabilities, including over $50 million owed to E. Jean Carroll, who accused him of defamation and sexual assault.

Regarding transparency, White House Press Secretary Karoline Leavitt emphasized Trump’s commitment to reporting his financial interests. Interestingly, federal law does not compel presidents to divest their holdings.

Trump’s fortune includes various licensing deals. For example, he made more than $1.3 million from selling the “God Bless the USA” Bible as part of his campaign message. His partnerships with brands selling items using his name, from sneakers to fragrances, have also paid off greatly. He earned $2.5 million from sneaker deals and significant profits from selling watches and guitars marked “45” to symbolize his presidency.

However, Trump’s financial landscape is not just rosy. The documents reveal significant civil judgments against him, one stemming from a fraud case that could cost him over $454 million. His flagship property, Mar-a-Lago, generated more than $50 million in revenue, but this was a decrease from previous earnings.

On the campaign trail, first lady Melania Trump also made headlines. She reported earning $475,000 for a speaking engagement and additional income from NFT sales, highlighting the Trump family’s ability to monetize their brand.

Despite their wealth, Trump and his family face significant legal hurdles, showcasing the complex intertwining of business and politics. As the 2024 campaign evolves, watching these dynamics will be essential.

For more details on these financial disclosures, you can view the complete reports here.

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