Original | Odaily Planet Daily (@OdailyChina)
Author | Wenser (@wenser 2010)
As the news of "TRON is about to go public through a merger with SRM company" spreads, the crypto market's focus is once again on the Trump family.
Although Eric Trump clarified that he will not hold a position in the new company Tron.Inc, he and Donald Trump Jr. still have a connection of interest with Dominari Securities, the facilitator of this merger transaction, which may bring millions or even tens of millions of dollars in income to the Trump family.
This year, from meme projects TRUMP, MELANIA to DeFi project WLFI, stablecoin USD 1... Trump's crypto seems to be treating the crypto market like an ATM, aggressively extracting benefits. However, exactly how much money he has made remains a mystery.
Last Friday, the White House Government Ethics Office released Trump's financial disclosure document, allowing us to glimpse a corner of the palace. In this 234-page document, a business empire spanning real estate, tourism, media, and cryptocurrency has emerged.
Odaily Planet Daily will briefly sort out the business assets under Trump's name in this article, providing a glimpse into the "shadow business empire" behind this "most powerful person in the world".
It needs to be emphasized that the cutoff date for this financial disclosure document is January 2025. Therefore, the related income from the "Trump meme coin" TRUMP issued on January 18 this year, and subsequent income including MELANIA token, WLFI's issued USD 1, etc., are not included. Even so, Trump's personal assets can be described as "quite substantial".
Trump's Stage of Fame and Fortune: Balancing Entertainment and Politics, Titles Beyond US President
According to the document disclosure, in addition to government-related positions such as US President, Trump's titles also include:
CIC Digital LLC General Manager, Chairman, Secretary, and Financial Director (until January 9, 2025) (Odaily Planet Daily Note: This is a company specializing in Trump's image licensing in the Non-Fungible Token field, and this company also holds over $1 million worth of ETH);
CIC Ventures LLC General Manager, Chairman, Secretary, and Financial Director (until January 9, 2025);
Mar-A-Lago Club LLC Current Chairman (Odaily Planet Daily Note: Referring to the Mar-a-Lago Club, Trump's private residence and membership resort, purchased by Donald Trump in 1985);
Trump Media Technology Group Board Chairman and Director (until March 22, 2024);
Current Chairman of the John F. Kennedy Center for the Performing Arts.
It can be seen that before taking office as president, Trump had already distanced himself from potentially risky positions, but still found it difficult to let go of his home base and cultural entertainment business.
Financial Document Disclosure Information
Main Assets: Resorts Contribute Over $100 Million, WLFI Sales Revenue $57.355 Million
Looking at Trump's financial documents, there are 22 assets over $50 million, with Trump Media Technology Group shares, Trump Endeavor 12 LLC, and WLFI contributing the most significantly.
Trump owns 53% of Trump Media Technology Group shares, which is approximately $2.7 billion in assets based on the current market value of $5.129 billion; Trump Endeavor 12 LLC provided Trump with his largest single income last year, reaching $110 million, mainly from golf and hotel-related profits.
WLFI token sales revenue reached $57.355 million, the largest crypto-related income.
Royalty Business Income Exceeds $10 Million
As an "internet celebrity president" who always attracts online attention, Trump's royalty income from books, brand endorsements (portrait rights and reputation rights), and Non-Fungible Token-related sources is also substantial, specifically:
"Save America" book: $3 million;
"MAGA Journey": $150,000;
"Letters to Trump": $250,000;
Trump sneakers and perfume: $2.5 million
Trump watch: $2.8 million;
"Greenwood Bible": $1.3 million
"45" guitar: $1.05 million;
Non-Fungible Token licensing and royalties: $1.15 million.
It's worth mentioning that as a businessman with a high awareness of intellectual property protection, Trump has applied for hundreds of trademarks worldwide, including in China, South Korea, Venezuela, and other countries, and explicitly stated that such assets do not belong to his personal investments, which also include assets related to First Lady Melania Trump.
Trump's "Interest Business": Golf-Related Single Item Income Exceeds $17 Million
Additionally, perhaps due to a natural business sensitivity or personal interests, golf-related assets in Trump's financial report also bring substantial income.
Apart from the golf course-related income mentioned earlier, VH Property Corp., which RPV Development LLC (Odaily Planet Daily Note: purchased by Trump for $20 million in 2017, dropped in value by $7 million the year after purchase) has full shares in, contributed over $17 million in income. According to Bloomberg's website information, VH Property Corp. is a golf industry company established in 2000, with business lines including golf-related courses.
Crypto Holdings: Holding 15.75 Billion WLFI Governance Tokens
Apart from the direct income from WLFI token sales, Trump also holds 15.75 billion governance tokens through an ETH wallet. Financial documents calculate its value at around 1000-15000 dollars, with income recorded as less than 201 dollars. (Odaily Note: WLFI's first round sale price was 0.015 dollars, the second round sale price was 0.05 dollars, and if calculated at the current over-the-counter price of 0.1 dollars, the tokens held by Trump are worth 1.57 billion dollars.)
Is Trump also participating in WLFI governance?
Liabilities: 11 Liabilities, Involving Real Estate Loans and Lawsuits
Additionally, Trump's financial documents also mention his 11 liabilities, including:
Real estate loans for Trump Tower, Trump National Doral Golf Club, 40 Wall Street, etc.: Over 50 million dollars;
Debt related to E. Jean Carroll (Odaily Note: A woman who previously sued Trump for sexual abuse and defamation): Over 50 million dollars;
American Express credit card liability: 15,000-50,000 dollars;
Unveiling Trump's Liabilities
Perhaps many would not have thought that Trump is also a "credit card veteran". The real estate tycoon, business legend, and former US President is also a loyal credit card user, which only shows that the road to stablecoin popularity is still long.
Interesting Fact 1: Trump's Financial Documents Far Exceed Biden and Harris
It's worth noting that in this 234-page financial document, more than a hundred income items are less than 201 dollars but are still detailed. In contrast, US former President Biden's 2024 submitted financial form is only 11 pages, with main income sources from traditional sources like banks and retirement accounts. The Democratic presidential candidate Harris's financial form is also only 15 pages.
This shows the difference in financial situations between a businessman who has navigated the business world for decades and an official who has navigated the political world for decades: the former is incredibly complex, while the latter is straightforward.
Interesting Fact 2: Trump Already Appeared on Forbes Rich List in 1982
According to the Forbes Real-Time Billionaires List, Trump currently has assets of around 5.2 billion dollars, ranking 718th on the rich list. Previously in our article '24 Hours Reversal! Musk Just Extended an Olive Branch, Trump Declares "Relationship Ended"', his personal assets were 5.5 billion dollars. In just a few days, his net worth has shrunk by 300 million dollars. For the likes of Trump and Musk, net worth is truly just a number game.
As early as 1982, Trump had already appeared on the first-ever Forbes 400 list with his father Fred. At that time, their family's total net assets were estimated at 200 million dollars.
This son of a real estate tycoon born with a silver spoon, through his own efforts and the opportunities of the times, has now become the US President. In the next 4 years of his term, his personal wealth may continue to expand at an astonishing speed.
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