President Donald Trump has leveraged his political prominence to expand his business empire, as revealed in financial documents released recently. One significant source of income disclosed was a $57 million token sale through WLF Holdco LLC, a Trump family crypto company actively managed by the president’s sons. Trump also owns between $1 million and $5 million worth of ethereum, positioning himself as a crypto-friendly figure advocating for minimal regulation of digital assets.
The filings, spanning over 230 pages, offer insight into Trump’s assets and liabilities since his return to the White House. While Trump’s assets are managed by his children, he continues to benefit from his real estate and branding ventures. The disclosures highlight Trump’s earnings from licensing deals, including royalties from products like sneakers, fragrances, watches, and even a Bible named “God Bless the USA.”
On the legal front, Trump faces large civil judgments, with liabilities exceeding $50 million owed to the New York attorney general and E. Jean Carroll, who accused Trump of defaming her after she alleged he raped her. Despite these challenges, Trump’s private clubs remain lucrative, with Mar-a-Lago generating over $50 million in revenue.
Additionally, the filings shed light on first lady Melania Trump’s speaking fees, revealing substantial earnings from engagements with organizations like the Log Cabin Republicans. Melania also profited from the sale of NFTs, adding to her diverse income sources.
In contrast, disclosures for Vice President JD Vance show significant assets but not at the scale of Trump’s wealth. Vance received royalties for his memoir “Hillbilly Elegy,” which contributed to his financial standing.