New York, NY – President Donald Trump has garnered over $10 million in the past year through the sale of merchandise including guitars, bibles, watches, and sneakers. However, his most lucrative venture has proven to be his investment in a cryptocurrency platform, according to a financial disclosure report released by the Office of Government Ethics.
The disclosure reveals that President Trump amassed $57,355,532 from his stake in World Liberty Financial, a cryptocurrency company. Notably, his $TRUMP meme coin, although not itemized in the report due to its January launch, has purportedly generated an estimated $320 million in fees. Alongside this, the president has accrued substantial earnings from various licensing fees.
The extensive 234-page financial disclosure contrasts sharply with former President Joe Biden's 2024 filing, which spanned merely 11 pages. Among Trump’s profitable ventures, his Mar-a-Lago estate and exclusive club in Palm Beach contributed more than $50 million over the reported period, encompassing the 2024 calendar year.
Additional financial successes for President Trump include his branded merchandise. "Trump Watches" brought in $2.8 million, "Save America" coffee table books earned $3 million, and sales of Trump-branded sneakers and fragrances reached $2.5 million. The Greenwood Bible generated $1,306,035, while "45" guitars, a limited edition line of American Eagle-branded electric and acoustic guitars launched in November last year, earned $1,055,100. Concurrently, President Trump introduced the "Never Surrender" high-top shoes earlier in 2024, priced at $399.
Despite criticism of exploiting his position for profit, President Trump has consistently promoted his merchandise among supporters. His ventures into cryptocurrency have also attracted scrutiny. A Financial Times report last month highlighted plans by Trump’s media company to raise $3 billion to invest in Bitcoin and other cryptocurrencies. The Trump Media & Technology Group, known for owning the Truth Social app, aims to accumulate $2 billion in fresh equity and $1 billion through a convertible bond.
These financial strategies have raised concerns about potential conflicts of interest, as President Trump’s policies could potentially benefit his personal financial interests. This scrutiny intensified following a banquet hosted by the president at his Virginia golf club, attended by 200 major investors in the $TRUMP memecoin, which watchdogs have criticized as "nakedly corrupt."
