Former President Donald Trump has revealed some eye-popping numbers in his latest financial disclosure. The 2024 presidential candidate is not only making waves in politics but also cashing in on the digital frontier, with impressive earnings from NFTs and a hefty crypto portfolio.
Trump’s Financial Bonanza: $7 Million from NFTs and Up to $5 Million in Crypto
According to the latest financial disclosure, obtained by the watchdog group Citizens for Ethics, Trump’s foray into the world of non-fungible tokens (NFTs) has been nothing short of lucrative. The former president has raked in more than $7.15 million from his three NFT collections. These collections include the controversial “Mugshot” project—playing off his criminal indictment—and two series of Donald Trump Trading Cards.
But that’s not all. Trump has also disclosed holding between $1 million and $5 million in Ethereum-based cryptocurrencies. Blockchain analytics platform Arkham Intelligence estimates Trump’s Ethereum stash at about $3.5 million as of now.
Trump’s NFT Ventures: From Trading Cards to Crypto Sneakers
Trump’s NFT empire doesn’t stop with trading cards. On August 1, he launched a limited edition of “official crypto-sneakers.” These orange hi-top sneakers, priced at $499, sold out in just a few hours. Talk about a hot commodity!
Trump has hinted at expanding his NFT portfolio even further. On July 16, he teased the possibility of a fourth NFT series, responding to what he described as public demand.
A Memecoin Surge: From $18 Million Highs to Current Holdings
In a surprising twist, Trump’s crypto holdings saw a massive spike in June, briefly hitting $18 million thanks to a surge in the price of a MAGA-themed memecoin with the ticker “TRUMP.” Launched in August to support U.S. veterans and protect children, this memecoin, despite its name, is not officially linked to Trump.
From Bibles to Golf: Trump’s Diverse Revenue Streams
Outside of the crypto and NFT realms, Trump’s financial disclosure reveals a range of income sources. He made over $300,000 from selling a series of branded bibles and a substantial $216 million from his Mar-a-Lago resort and the Trump National Doral Golf Club in Florida.
This marks a notable increase from August 2023, when Trump’s disclosure showed he owned over $2.8 million in Ethereum-based assets and had earned more than $4.8 million from NFTs.
Trump’s Crypto Conversion: From Skeptic to Advocate
Interestingly, Trump’s stance on crypto has shifted dramatically. Once a critic of Bitcoin and digital currencies, he’s now become a vocal supporter. His 2024 presidential campaign features a pro-crypto agenda, including plans to create a national Bitcoin stockpile and make the U.S. the “crypto capital of the world” with a suite of crypto-friendly policies.
At the Bitcoin 2024 conference in Nashville, Trump pledged to implement these ambitious policies if elected, showcasing his newfound enthusiasm for the digital asset space.
The Bottom Line: Trump’s Digital Riches and Political Ambitions
As Donald Trump navigates his 2024 presidential bid, his impressive earnings from NFTs and crypto investments underscore a new chapter in his financial and political journey. Whether you’re a fan or a critic, one thing’s for sure: Trump’s involvement in the digital asset world is a significant part of his ongoing narrative. Stay tuned to see how his crypto and NFT ventures influence his campaign and beyond!
