President Trump recently disclosed his financial earnings, revealing a substantial income of over $630 million for the past year. This figure includes $57 million from cryptocurrency sales and more than $8 million from licensing his name for various products, such as watches, guitars, and even Bibles.
The financial details were part of a 234-page disclosure released on June 13, which outlines Trump’s assets totaling more than $1.6 billion. His wealth comes from a mix of real estate, hotels, golf courses, and investments, along with newer ventures that he has promoted during his campaign.
A significant portion of Trump’s reported income stems from his hotels and golf courses, particularly his Mar-a-Lago Club in Florida. He also earns millions from merchandise sales, including $2.8 million from "Trump Watches," $2.5 million from "Trump Sneakers," and over $1.3 million from the "God Bless the USA Bible," which features patriotic songs and documents.
Before entering politics, Trump’s wealth was primarily generated through his business dealings with the Trump Organization. However, in recent years, he has expanded into new business areas, raising concerns about potential conflicts of interest and ethics violations.
The disclosure highlights Trump’s diverse income streams, from small checks for appearances in films and television shows to millions from selling a Cessna airplane last March. He also has over $236 million in investments that have generated more than $13 million in interest and dividends across several trusts and investment accounts.
In addition to these earnings, Trump recently launched a new venture called "Trump Mobile," a phone service that offers plans through major cell providers. This service is seen as another way to leverage his brand, which has evolved significantly since his entry into politics. The phone plan, priced at $47.45, reflects his status as both the 45th and 47th president.
Critics have raised questions about Trump’s involvement in cryptocurrency, especially as Congress works on regulations for the industry. The White House has defended Trump’s actions, stating that his assets are held in a revocable trust and that he complies with all ethics laws.
Overall, the financial disclosure paints a picture of a businessman who continues to capitalize on his name and brand, while also facing scrutiny over the ethical implications of his ventures during his presidency.