Donald Trump has earned more than $1bn from his crypto businesses since returning to the White House, according to recent financial disclosures. A 927-page document released on Tuesday by the US Office of Government Ethics shows that the US president made more than $2.2bn last year, benefiting from a vast global network of businesses and investments.
Sources of income
The total figure includes revenue from real estate, golf courses, royalty deals, and Trump-branded products such as cologne. He also took tens of millions of dollars in court settlements. In his second term, the president and his family have invested heavily in digital money and crypto businesses. Trump announced at the start of last year that he wanted the US to be the “crypto capital of the world”. He has received some $1.1bn from his World Liberty Financial and CIC Digital LLC businesses, which sell “governance tokens” and souvenir-type “memecoins” stamped with his face.
Conflict of interest concerns
Anna Kelly, a White House spokesperson, said: “Neither the president nor his family has ever engaged – or will ever engage – in conflicts of interest.” The disclosure has raised alarm bells over potential conflicts of interest, as Trump continues to profit from private businesses while serving as president.
