What to know about Trump's financial disclosure
President Trump's financial disclosure shows income from a crypto wallet, NFT collections, and his media company, plus millions from foreign governments at his properties, with substantial cash and real estate assets.
Background
- Donald Trump is a former US president (2017–2021) and the Republican nominee for the 2024 election. As a candidate he must file periodic financial disclosure reports with the Federal Election Commission (FEC), listing assets, income, and liabilities.
- The report revealed that Trump holds between $1 million and $5 million in a cryptocurrency wallet called "The Defiant Ones" (an Ethereum-based project). He also earned millions from licensing his name and selling branded merchandise like Bibles and sneakers.
- The disclosure is notable because Trump previously called crypto a "scam" in 2021, but has since embraced the industry, courting crypto donors and pledging to make the US a "bitcoin superpower" if re-elected.
- This filing also shows Trump's financial entanglement with Truth Social (his social media platform), whose parent company is majority-owned by him but has suffered significant stock losses since its public listing.