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Home»Elections
Elections

Analyzing Trump’s alleged revenue sources: Bibles, cryptocurrency, Truth Social, and gold bars

August 19, 2024No Comments3 Mins Read
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Former President Donald Trump has disclosed that he owns more than $1 million worth of cryptocurrency and up to $250,000 in gold bars, along with a portfolio of golf courses and real estate properties that have made him a billionaire. These details were revealed in documents filed by Trump as part of his Republican presidential bid. The documents, consisting of over 200 pages, offer a limited view of Trump’s wealth and investments, with most asset values listed in a range. However, some specific figures for his income are provided, giving insight into the unusual ways he makes money.

One of Trump’s sources of income includes $300,000 from sales of a Bible edition that he endorsed with country singer Lee Greenwood, known as “The Greenwood Bible.” He also earned $4.4 million in royalties from a book titled “Letters to Trump” and $500,000 from another book called “A MAGA Journey.” Additionally, Trump receives royalties from various other books, including “The Art of the Deal,” which earned him $50,000 to $100,000 in the past year. As a former member of the Screen Actors Guild, Trump also receives an annual pension of $90,776.

While Trump is famous for his real estate ventures, his current largest asset is likely his media company that operates the social media network Truth Social. The company went public in March, and Trump owns over 114 million shares in the firm. With the company’s stock price at about $23 per share, his holdings are valued at over $2 billion. Trump also holds $1 million to $5 million worth of the cryptocurrency ethereum and earned $7.15 million in licensing fees from NFT INT, a firm selling digital tokens. His wife, Melania, also earned $330,000 from selling NFTs and Trump reported owning $100,000 to $250,000 in gold bars.

In addition to these unusual investments, Trump’s disclosure reveals a broad business empire spanning the globe. He has investments and companies in various countries, generating income from licenses in Dubai, Oman, and other locations. Trump’s golf courses also contribute to his wealth, with significant revenue coming from clubs in Bedminster, New Jersey, Jupiter, Florida, and Turnberry, Scotland. His flagship resort of Mar-a-Lago in Florida generated over $56 million in income, and Melania Trump received a $237,000 payment for speaking to the conservative gay rights group Log Cabin Republicans in April.

The disclosure also highlights noteworthy debts that Trump has listed, including those related to litigation against him by the New York attorney general’s office and a magazine writer. Trump is appealing the verdicts of lawsuits where he was found liable for sexual assault and slander. His debt to the New York attorney general’s office is listed as more than $50 million. Overall, Trump’s financial disclosures offer a glimpse into his vast wealth, encompassing a mix of traditional investments, real estate holdings, and unconventional sources of income.

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