Trump debuted the cryptocurrency platform World Liberty Financial in September, and it’s a family affair: it’s controlled by his sons Donald Trump Jr. and Eric Trump and Trump’s 18-year-old son Barron is the project’s “DeFi visionary,” as CBS News reports.
Trump’s $TRUMP cryptocurrency token, which reached the billions on paper a couple of days before inauguration day, was not included in the form since it was released this year.
Trump’s WLF venture recently launched USD1 stablecoin, which is pegged to the U.S. dollar and backed by treasury bonds.
Trending Stories He earned $3 million in royalty payments for coffee table book, Save America.
Other big royalty generators include $2.5 million from Trump sneakers and fragrances; Trump’s “God Bless America” Bibles, which were printed in China, yielded $1.3 million; and $1 million came from Trump Guitars.
According to the required Executive Branch Personnel Public Financial Disclosure report filed on June 13, President Donald Trump made over $57 million in 2024 from a number of sources, including luxury properties, royalties and licensing fees for the use of his name and likeness last year, and significant profits from his cryptocurrency venture with World Liberty Financial.
World Liberty Financial, a cryptocurrency platform that Trump launched in September, is a family business, run by his sons Donald Trump Jr. and Barron, Trump’s 18-year-old son, is the project’s “DeFi visionary,” according to CBS News. Zach Witkoff, the son of Trump’s Middle East envoy Steve Witkoff, is also a member of its leadership team. In the 234-page document for the calendar year 2024, as mentioned on page 171, the venture is one of his biggest sources of income. Token sales have brought in over $57.3 million for WLF Holdco LLC, of which he owns 75% through the entity DT Marks Defi LLC.
Since it was released this year, Trump’s $TRUMP cryptocurrency token—which on paper reached the billions just a few days before his inauguration—was left off the form. Ethical concerns have been raised by the arrival of $MELANIA meme coins for First Lady Melania Trump less than twenty-four hours prior to his inauguration. The 220 largest holders of $TRUMP attended a dinner party hosted by Trump last month.
The Senate is scheduled to pass a contentious cryptocurrency bill next week as part of the GENIUS Act, which could “create a superhighway for Donald Trump’s corruption,” according to Sen. Warren, Elizabeth (D-Mass. told Rolling Stone prior to important votes. With little regulatory oversight, banks and private businesses would be able to issue stablecoins under the GENIUS Act. The USD1 stablecoin, based on the U.S. dollar, was recently introduced by Trump’s WLF venture. S. dollar and supported by Treasury securities.
According to the financial disclosure report, Trump made $15 million in license fees from a property in Dubai and his estate and member-only club, Mar-a-Lago, in Palm Beach, Florida, brought in over $50 million in 2024.
Stories that are trending.
His coffee table book Save America brought in $3 million in royalties. Trump’s sneakers and fragrances brought in $2.05 million, his Chinese-printed “God Bless America” Bibles brought in $1.03 million, and Trump Guitars brought in $1 million.
