President Donald Trump earned money in 2024 from a variety of sources, including luxury properties and royalty payments and licensing earnings for the use of his name and likeness last year, and big bucks from his crypto venture with World Liberty Financial, to the tune of more than $57 million, according to the required Executive Branch Personnel Public Financial Disclosure report filed on June 13.
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. Its leadership also includes Zach Witkoff, the son of Trump’s Middle East envoy Steve Witkoff. The venture is one of his largest sources of income in the 234-page document for calendar year 2024, noted on page 171, with token sales raking in more than $57.3 million for WLF Holdco LLC, for which he holds 75 percent ownership via entity DT Marks Defi LLC.
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. Less than 24 hours before he was inaugurated, $MELANIA meme coins for First Lady Melania Trump also arrived, all of which has brought into focus ethics questions. Last month, Trump held a dinner party for the 220 top holders of $TRUMP.
Meanwhile, the GENIUS Act, which includes a controversial piece of cryptocurrency legislation that the Senate is set to pass next week, could “create a superhighway for Donald Trump’s corruption,” Sen. Elizabeth Warren (D-Mass.) told Rolling Stone ahead of key votes. The GENIUS Act would permit banks and private companies to issue stablecoins, with minimal regulatory oversight. Trump’s WLF venture recently launched USD1 stablecoin, which is pegged to the U.S. dollar and backed by treasury bonds.
The financial disclosure report also showed Trump’s estate and member’s only club Mar-a-Lago in Palm Beach, Florida generated more than $50 million in 2024 and he earned $15 million in license fees from a Dubai property.
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.
The report included liabilities disclosures as well, listing more than $50 million in litigation involving E. Jean Carroll, the former magazine columnist who sued for sexual abuse and defamation, and separately for sexual assault and defamation, and won both cases.
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