U.S. President Trump submitted the first financial report of his term on Friday (June 13), revealing the latest information about his holdings, including income from the Trump family's investments in cryptocurrency.
Reuters reported that Trump, who returned to the White House in January this year, reported earning $57.35 million (approximately 73.5 million Singapore dollars) from the token sales of cryptocurrency company World Liberty Financial. He also reported holding 15.75 billion governance tokens of the company.
Governance tokens are a special type of cryptocurrency that grant holders the right to participate in decision-making for blockchain projects or decentralized autonomous organizations (DAOs).
The financial report submitted by Trump on Friday was signed on June 13 and did not specify the exact period covered by the report. Details of the cryptocurrency listing and other disclosed information indicate that the cutoff date for this financial report is the end of December 2024, which would exclude most of the funds raised by the Trump family's cryptocurrency ventures.
Trump transitioned from businessman to politician, with his wealth sources including cryptocurrency and real estate, a significant portion of which is tied to his stake in Trump Media Technology Group, the owner of the social media platform Truth Social.
According to the documents, Trump's income comes from various assets, including his real estate in Florida. The documents show that Trump's three golf resorts in Florida—Jupiter, Doral, and West Palm Beach—as well as his private members' club at Mar-a-Lago, generated at least $217.7 million in income for him.
The disclosure document also lists $5 million in license revenue from a development project in Vietnam.
The White House did not immediately respond to Reuters' request for comment.
