The DeFi project owned by the Trump family contributed the main source of income for President Trump last year.
President Trump earned 57 million USD from World Liberty Financial
According to the 234-page report released by the Government Ethics Office, US President Donald Trump stated that in the 2024 fiscal year, he earned 57 million USD from World Liberty Financial, a crypto project initially advised by his family but later gaining majority control.
Trump's other revenue sources came from selling collectibles and memorabilia associated with the President's name, including 3 million USD in book royalties for "Save America", 2.5 million USD from "Donald Trump sneakers and perfume", 2.8 million USD for "Donald Trump watches", 1 million USD from "Donald Trump playing cards", 1 million USD from guitars, 1.3 million USD for bibles, 700,000 USD from conference participation.
In total, last year, Trump earned nearly 69 million USD from personal business activities, with revenue from World Liberty Financial accounting for over 80%.
Additionally, Trump reported holding crypto assets valued between 1 million USD and 5 million USD.
White House representatives stated that Trump's assets are held in a joint fund managed by his children, emphasizing that all these business activities do not create conflicts of interest with his presidential role.
Meanwhile, President Trump also has other financial obligations, including 100 million USD in debt related to Trump Organization real estate projects, 88 million USD in damages from a defamation lawsuit, and credit card debt ranging from 15-50,000 USD.
In contrast to Trump's extensive report, US Vice President JD Vance only filed a 15-page income report, with the most notable income being 50,000 USD in book royalties for "Hillbilly Elegy" and profits from various small investments.
As previously reported by Coin68, the Trump family has quickly expanded into various sectors since entering the crypto industry in 2024, including:
- Memecoin TRUMP and MELANIA managed by Fight Fight Fight, a company established by Trump's long-time friend Bill Zanker
- World Liberty Financial: a DeFi project advised by the Trump family with majority control, raising 550 million USD to establish a crypto token investment fund and build stablecoin USD1 through a partnership with Binance.
- Trump Media and Technology Group: a media company managing the Truth Social platform, recently registering a Bitcoin ETF and calling for 2.5 billion USD to invest in BTC.
- Trump Organization: the organization behind Trump's Non-Fungible Token collections.
- American Bitcoin: a digital mining company established by Trump's sons.
World Liberty Financial and meme coin TRUMP recently successfully resolved a dispute related to the development of a Trump-branded crypto wallet, avoiding potential legal challenges.
Compiled by Coin68
