Trump’s Crypto Bet Pays Off: Over $600M Reported in 2024 Earnings
United States President Donald Trump divulged over $600 million in incomes from a mix of cryptocurrency endeavors, real estate assets, and branded merchandise. The post Trump’s Crypto Bet Pays Off: Over $600M Reported in 2024 Profits appeared first on Cryptonews.
Secret Takeaways:
- Trump disclosed over $600 million in 2024 profits, much of it from crypto ventures.
- His overall asset base now exceeds $1.6 billion, with significant income from NFTs, token sales, and real estate.
- The discovery raises concerns over potential conflicts of interest during his presidency.
- The filing, made public Friday, details the president’s vast business portfolio, including significant gains from digital possessions and meme coin projects.
- While the precise timeframe isn’t specified, the report appears to cover earnings through the end of December 2024.
Trump Assets Top $1.6 Billion, Revenues Surge
Trump’s approximated possession base now goes beyond $1.6 billion, according to a Reuters analysis. Notably, a big part of his 2024 windfall came from crypto-related ventures, consisting of over $320 million in approximated charges from the meme coin $TRUMP, and more than $400 million from World Liberty Financial, a decentralized finance firm. The disclosure likewise reveals Trump got $57.35 million from token sales and holds 15.75 billion governance tokens in the venture. The report sheds light on the growing entanglement in between Trump’s organization interests and the U.S. crypto industry. His involvement in Bitcoin mining, tokenized possessions, and digital ETFs is raising issues about prospective conflicts of interest. Critics have actually pointed out that some of his companies have seen tailwinds from favorable policy choices throughout his time in office. As per Donald Trump financial disclosure, he made $57M from #Crypto in 2024, almost $600M in Total Income. It’s primarily from World Liberty Financial, a #DeFi project where he holds $15.7 B governance tokens.
