Trump Reports $600 Million Earnings 2024 Led by Crypto Ventures

US President Donald Trump has reported over $600 million in earnings for 2024, with a significant portion of this income derived from cryptocurrency ventures. The disclosure, made public on Friday, outlines Trump's extensive business portfolio, which includes substantial gains from digital assets and meme coin projects. The report covers income through the end of December 2024, although the exact timeframe is not specified.

Trump's total asset base now exceeds $1.6 billion, with notable contributions from cryptocurrency-related endeavors. These include over $320 million in estimated fees from the meme coin $TRUMP and more than $400 million from World Liberty Financial, a decentralized finance firm. Additionally, Trump received $57.35 million from token sales and holds 15.75 billion governance tokens in the venture. This disclosure highlights the growing intersection between Trump's business interests and the U.S. crypto industry, raising concerns about potential conflicts of interest. Critics have noted that some of his businesses have benefited from favorable policy decisions during his presidency.

Trump Media & Technology Group, the parent company of Truth Social, remains a core asset. While exact valuations are unclear, revenue from branded merchandise and licensing deals continues to flow in. This includes $2.8 million from Trump Watches, $2.5 million from Trump-branded sneakers and fragrances, and over $1 million from his NFT trading cards. In the physical world, Trump’s Florida golf resorts brought in $217.7 million, led by the Trump National Doral, which earned over $110 million. Additional income came from real estate projects in various regions, with licensing and development fees totaling over $30 million. The filing also included $12 million in passive income through investments in Blue Owl Capital and U.S. bond funds.

Despite previously claiming to have distanced himself from day-to-day management, the disclosure confirms that Trump remains deeply tied to the financial performance of his vast network of businesses, including crypto. The SEC has approved Trump Media and Technology Group’s (TMTG) registration statement tied to a $2.3 billion Bitcoin treasury initiative. The June 13 filing covers 85 million shares, including 29 million linked to convertible notes. While the approval gives TMTG flexibility to raise capital, the firm says it has no immediate plans to issue new securities. The SEC’s green light comes just weeks after TMTG confirmed a $2.5 billion capital raise to accumulate Bitcoin, following earlier denials. In that May 27 announcement, Nunes characterized Bitcoin as “an apex instrument of financial freedom,” asserting that it would become a core part of the company’s asset base.