Crypto Income as Second Biggest Source for Trump in 2024
Donald Trump’s diverse income streams saw digital assets supersede real estate, licensing, and royalties outside of his hospitality businesses, new financial disclosures indicate.
Findings & Analysis
- According to public financial disclosures filed with the US Office of Government Ethics, Trump generated over $58 million from crypto and digital asset ventures in 2024.
- Crypto earnings came in second only to income derived from his extensive hospitality business.
- Hospitality sources, primarily golf courses, clubs, resorts, and notably Mar-a-Lago, contributed $418 million in revenue for the fiscal year.
- Digital asset income significantly outperformed revenues from Trump-branded real estate rentals ($24M-$63M) and licensing activities ($34M).
- Proceeds from the sale of World Liberty Financial’s WLFI governance token accounted for the vast majority of the reported crypto income.
- $11 million was generated from royalties tied to Trump-branded merchandise and memorabilia.
Looking Ahead
Since the end of the 2024 reporting period, new ventures through the Trump administration and associated crypto projects have transformed digital assets into a overwhelmingly dominating income source. Gains have come primarily from expansions of World Liberty and a significant appreciation in value of a then-new “meme coin.”
$10 billion is the current valuation attributed to the president’s associated holdings in this meme coin. Critics, drawing from both sides of the political aisle, have increasingly voiced concerns regarding real-time government engagement in crypto markets while potentially profiting disproportionately.
Friday’s disclosure represents a watershed moment for political transparency concerning digital assets, revealing their substantial and growing financial influence well ahead of any major windfall occurring after re-election.
