Trump reports $236M in income from cryptocurrency token sales
President Trump reported more than $236 million in income from selling cryptocurrency tokens last year, according to annual financial disclosures released Tuesday.
The massive windfall — amounting to nearly as much money as the cost of Trump’s under-construction White House ballroom, to which the president says he is donating — came from World Liberty Financial (WLF), the company in which the president and his family hold a 38.25% stake, according to the filing.
WLF launched the free-floating $Trump meme coin three days before he reentered the White House last January and then launched the WLFI token in September. Although the market values of the currencies are publicly known, the files provide new insight into the income claimed by the president.
Trump’s 927-page disclosure included a sprawling list of Trump’s stock holdings, which the White House says are managed by financial firms.
It also lists major foreign revenue from licensing fees on hotel and golf course projects, some of which weren’t listed on last year’s file, including $5.25 million in income from the forthcoming golf club in Doha, Qatar, as part of a deal signed last April, as well as $5 million from a Bucharest Trump Tower project in Romania announced last July.