Current:Home > MarketsBibles, cryptocurrency, Truth Social and gold bars: A look at Trump’s reported sources of income-Angel Dreamer Wealth Society D1 Reviews & Insights
Bibles, cryptocurrency, Truth Social and gold bars: A look at Trump’s reported sources of income
View Date:2024-12-23 19:33:45
Former President Donald Trump owns more than $1 million worth of cryptocurrency and up to $250,000 in gold bars along with the portfolio of golf courses and real estate properties that have made him a billionaire, according to newly released financial disclosures.
The details come from documents filed by Trump as part of his Republican presidential bid that were released Thursday night.
The more than 200 pages of paperwork give a limited picture of the real estate developer-turned reality TV star-turned-president’s money and investments. In accordance with federal law, most assets’ values are listed in a range, though Trump reports the precise figure for some of his income. The document does not detail the former president’s business losses, making it impossible to determine how much of a profit any of his myriad holdings provides.
But it provides a glimpse at Trump’s vast wealth and some new details about the unusual ways he makes money.
UNUSUAL INVESTMENTS AND SOURCES OF INCOME
Trump reported earning $300,000 off sales of an edition of the Bible that he and country singer Lee Greenwood endorsed, known as “The Greenwood Bible.” He also earned $4.4 million in royalties off a book called “Letters to Trump” and $500,000 off one called “A MAGA Journey.” Trump still receives royalties on a wide number of other books, including “The Art of the Deal,” which came out in 1987 and netted the former president $50,000 to $100,000 in the past year.
As a onetime member of the Screen Actors Guild, Trump receives an annual pension of $90,776.
Trump’s fame comes from real estate, but his current biggest asset is likely his media company that operates the social media network Truth Social. The company went public in March, and Trump reports owning more than 114 million shares in the firm. He is currently unable to sell the shares as part of a “lock-up” agreement preventing major shareholders from selling stock for six months after it goes public, but with company stock at about $23 per share Friday, his holdings are worth more than $2 billion.
Some of Trump’s other investments are also unusual. He reports having $1 million to $5 million worth of the cryptocurrency ethereum, a noteworthy holding because he’s vowed to lift regulations on the cryptocurrency industry should he return to the White House.
Trump also reported earning $7.15 million in licensing fees from NFT INT, which appears to be a firm selling digital tokens. His wife, Melania, earned $330,000 from selling NFTs, according to the report.
The former president also reported owning $100,000 to $250,000 in gold bars.
Those assets are dwarfed by a wide range of sizable investments in traditional stocks and even a wide range of municipal and school bonds, as well as his real estate holdings.
BROAD BUSINESS EMPIRE
Trump reports a wide range of companies and investments that span the globe. Many appear to simply be trademark claims in countries as varied as Argentina, Belarus, Cuba and India. Others are generating money for him, including more than $3 million in income that he reported from licenses in Dubai and more than $2 million in Oman.
Trump’s golf courses also generate money for him, including $37 million from his club in Bedminster, New Jersey, where he gave a rambling press conference on Thursday; $31 million from his golf club in Jupiter, Florida; and 26 million British pounds (the equivalent of 33.5 million USD) worth of revenue from his Turnberry course in Scotland.
What to know about the 2024 Election
- Today’s news: Follow live updates from the campaign trail from the AP.
- Ground Game: Sign up for AP’s weekly politics newsletter to get it in your inbox every Monday.
- AP’s Role: The Associated Press is the most trusted source of information on election night, with a history of accuracy dating to 1848. Learn more.
Trump’s flagship resort of Mar-a-Lago in Florida generated more than $56 million in income, according to the report.
Melania Trump received a $237,000 payment for speaking to the conservative gay rights group Log Cabin Republicans in April.
NOTEWORTHY DEBTS
Trump lists several debts, including one stemming from litigation against him by the New York attorney general’s office alleging business fraud and two more from a magazine writer.
A jury found Trump liable for sexually assaulting E. Jean Carroll in 1996, and a second jury found he slandered her when he continued to deny it.
Trump lists his debts to Carroll as between $1 million and $5 million and more than $50 million, the highest category available. The lawsuit judgments against him were for $5 million and $88 million respectively. Trump is appealing the verdicts.
Likewise, Trump lists his debt to the New York attorney general’s office as more than $50 million. He owes nearly $500 million in the civil fraud judgment and is appealing that verdict as well.
veryGood! (1)
Related
- Rare Alo Yoga Flash Sale: Don’t Miss 60% Off Deals With Styles as Low as $5
- CBP One app becomes main portal to U.S. asylum system under Biden border strategy
- Daisy Jones' Riley Keough Reveals Which of The Six She'd Call to Bail Her Out of Jail
- China's Microsoft Hack May Have Had A Bigger Purpose Than Just Spying
- 'Gladiator 2' review: Yes, we are entertained again by outrageous sequel
- Biden Pushes Cybersecurity Upgrades For Critical Infrastructure After Recent Hacks
- VH1's The X-Life Star Denise Russo Dead at 44
- Pope Francis misses Good Friday nighttime procession at Colosseum in cold Rome
- Five best fits for Alex Bregman: Will Astros homegrown star leave as free agent?
- How to Watch the 2023 Oscars on TV and Online
Ranking
- Reds honor Pete Rose with a 14-hour visitation at Great American Ball Park
- Dalai Lama, Tibetan spiritual leader, apologizes for asking boy to suck his tongue
- How to Watch All the 2023 Best Picture Oscar Nominees
- Rape Accusations At Alibaba Bring China's #MeToo Movement Back Into The Spotlight
- Lululemon, Disney partner for 34-piece collection and campaign: 'A dream collaboration'
- Jason Aldean's 'Try That in a Small Town' scores record-breaking sales despite controversy
- Instagram Accidentally Blocked Elaine Thompson-Herah For Posting Her Own Sprint Wins
- The Future Of The Afghan Girls Robotics Team Is Precarious
Recommendation
-
Suicides in the US military increased in 2023, continuing a long-term trend
-
WeWork Prepares For A Second Act — Banking Its Future On The Rise Of Remote Work
-
Tougher Rules Are Coming For Bitcoin And Other Cryptocurrencies. Here's What To Know
-
The White House Announces Additional Steps To Combat Ransomware
-
John Krasinski Revealed as People's Sexiest Man Alive 2024
-
The White House Announces Additional Steps To Combat Ransomware
-
China's Microsoft Hack May Have Had A Bigger Purpose Than Just Spying
-
Biden administration blames Trump in part for chaotic Afghanistan withdrawal