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Trump reports over $1.4bn in income from crypto ventures
๐Ÿ‡ต๐Ÿ‡ฐ Pakistan /Economy & Trade

Trump reports over $1.4bn in income from crypto ventures

From Dawn · () English

Summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Donald Trump reported over $1.4 billion in income from his family's cryptocurrency ventures last year, according to his latest financial disclosures.
  • His companies received nearly $800 million from World Liberty Financial, a crypto venture he co-founded with his sons.
  • An additional $635 million came from the sale of Trump meme coins, highlighting crypto's significant impact on his financial standing.

U.S. President Donald Trump's financial disclosures reveal a significant shift in his income sources, with over $1.4 billion reported from his family's cryptocurrency ventures last year. This substantial income underscores how digital assets, which have reportedly benefited from his policies, now form the primary source of his earnings.

The filings show that his companies garnered almost $800 million from World Liberty Financial, a crypto venture co-founded by Trump and his sons. This income, shared among family members, includes over $520 million from crypto token sales and more than $250 million from selling interests in the World Liberty business itself.

Further boosting his crypto-related earnings, Trump reported an additional $635 million from the sale of his Trump meme coins. This influx of wealth from digital assets marks a dramatic transformation of the president's financial fortunes, starkly contrasting with previous disclosures where token sales generated significantly less revenue.

DistantNews Editorial

Originally published by Dawn. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.