rewrite this content using a minimum of 1200 words and keep HTML tags
U.S. President Donald Trump, who ventured into crypto during his presidential campaign last year, earned over $58 million from crypto ventures in 2024.
Trump’s mandatory 2025 financial disclosure report filed on Friday detailed his earnings from all businesses between Jan. 1 and Dec. 31, 2024. In the filing, Trump reported employment-related assets worth a minimum of $1.4 billion and revenue of at least $622 million, according to the New York Times.
Trump’s earnings from crypto before his second term started
According to Trump’s mandatory 2025 financial disclosure report filed on Friday, his stake in World Liberty Financial (WLF) alone earned him $57.4 million in 2024. The filing indicates that the earnings came from token sales, meaning Trump must have sold part of his holdings of WLF tokens.
The investment in WLF, a decentralized finance (DeFi) platform controlled by Trump and his sons, therefore, turned out to be the family’s most lucrative investment in 2024. The filing also shows that Trump holds 15.75 million WLF governance tokens, which give him voting rights.
Trump also earned over $1 million from NFT INT, LLC, which licensed his non-fungible tokens (NFTs). Additionally, he earned $100,000 in royalties from NFT INT and over $216,000 in NFT licensing fees from Designers Manager, according to the financial disclosure.
In a statement on Friday, Eric Trump, the president’s son who runs the Trump Organization, said:
“I have never been more proud of our company — our portfolio is operating flawlessly, and this has been the strongest year in the remarkable history of the Trump Organization.”
Trump’s crypto fortune is slated to grow
Trump’s earnings from crypto are expected to be significantly greater this year in light of the crypto ventures he launched in the days before and since his inauguration. A June 5 Forbes report estimated that Trump has earned $1 billion from crypto ventures since launching his NFTs in 2022.
The President launched the Official Trump (TRUMP) memecoin days prior to taking office for his second term. Two Trump-owned entities control 80% of the token’s supply and share trading fees with partners.
The memecoin has generated around $350 million in fees this year, according to crypto analytics firm Chainalysis, but the token’s price has remained slumped after it reached a peak two days before Trump’s inauguration.
This means that even as the majority of small investors have lost money on the token, Trump and his family have earned millions. According to Forbes, if Trump took 90% of the fee earnings he’s supposed to share with his partners, similar to how Trump Media and Technology Group is structured, Trump could be sitting with $315 million.
Moreover, Trump’s financial disclosure does not include the funds raised by WLF in 2025, which will significantly impact his earnings this year. WLF’s first token sale took place in October 2024, when it raised around $300 million. On Jan. 20, the day of Trump’s inauguration, WLF announced its second round of fundraising. The token sales were completed by March, with $250 million raised.
According to Forbes’ calculations, Trump earned about $390 million from WLF’s token sales, netting $246 million after taxes. This week, the first USD1, a stablecoin launched by WLF, was also minted after the company airdropped $47 worth of USD1 to early backers last week.
Mentioned in this article
and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this
Source link
