Trump earned over $1.4 billion from crypto and meme coins last year, report shows
Translated from Korean, summarized and contextualized by DistantNews.
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- Donald Trump reported over $1.4 billion in income from cryptocurrency and meme coin ventures last year.
- His total declared assets exceed $2.2 billion, with actual values likely higher due to reporting limitations.
- The income has reignited concerns about potential conflicts of interest during his presidency.
Donald Trump generated substantial income from cryptocurrency and meme coin businesses last year, reportedly earning at least $1.4 billion (approximately 2.17 trillion Korean won). This financial activity, detailed in a 927-page asset disclosure report released by the U.S. Office of Government Ethics, has intensified concerns about potential conflicts of interest during his presidency.
Trump President earned income of about 1.4 billion dollars (about 2.17 trillion won) last year through businesses such as virtual currency and meme coins.
The report indicates Trump declared assets valued at a minimum of $2.4 billion and income exceeding $2.2 billion for the previous year. However, the actual value of his assets is likely much higher, as U.S. federal financial disclosure forms only allow asset values to be reported in ranges up to 'over $50 million.' Trump anticipates earning at least $1.4 billion from his cryptocurrency and meme coin businesses in 2025.
Trump President declared assets worth at least 2.4 billion dollars (about 3.74 trillion won) and income of more than 2.2 billion dollars (about 3.42 trillion won).
His cryptocurrency ventures included a $594 million profit from World Liberty Financial, a company co-founded by Trump and his sons. He also earned $636 million in royalty income from a meme coin bearing his name, '$Trump,' and $197 million from selling shares in stablecoin issuer Holdco. Beyond digital assets, his golf club businesses also saw significant revenue, with Mar-a-Lago generating $77 million and Trump National Doral Golf Resort earning $121 million.
Trump President expects to earn at least $1.4 billion from cryptocurrency and meme coin related businesses in 2025.
These disclosures have revived criticism that Trump is using his presidential office for personal gain. Critics point to his vast business empire, now managed by his sons, operating in sectors potentially influenced by presidential policies. Bloomberg noted that Trump has not divested his assets or placed them in an independent trust, leaving open the possibility of conflicts of interest and self-enrichment throughout his term.
Trump President reported $594 million in revenue through the cryptocurrency company World Liberty Financial.
DistantNews Editorial
Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.
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