Original｜Odaily Planet Daily (@OdailyChina)
With the news that "Tron is about to go public through a merger with SRM," the crypto market's attention has once again turned to the Trump family.
Although Trump's second son, Eric Trump, clarified in a post that he would not hold a position in the new company Tron.Inc, he and Trump's eldest son, Donald Trump Jr., still have a financial connection with the merger facilitator, Dominari Securities, which could bring the Trump family millions or even tens of millions of dollars in income.
This year, from the meme project TRUMP, MELANIA to the DeFi project WLFI, and stablecoin USD 1… Trump seems to treat the crypto market as a cash machine, profiting significantly. However, the exact amount earned remains a mystery.
Last Friday, the White House Office of Government Ethics released Trump's financial disclosure document, allowing us a glimpse into the inner workings. In this lengthy 234-page document, a business empire spanning real estate, tourism, media, and cryptocurrency is clearly outlined.
Odaily Planet Daily will briefly summarize Trump's business assets in this article, providing a glimpse into the "shadow business empire" behind the "most powerful person in the world."
It is important to note that the financial disclosure document has a cutoff date of January 2025. Therefore, the income related to the "Trump Meme Coin" TRUMP, which was issued on January 18 of this year, as well as subsequent incomes from MELANIA tokens, WLFI's USD1, etc., are not included. Nevertheless, Trump's personal assets can already be considered "substantial."
Trump's Fame and Fortune: Balancing Entertainment and Politics, Titles Beyond U.S. President
According to the document, aside from his role as President of the United States, Trump's titles also include:
General Manager, Chairman, Secretary, and Chief Financial Officer of CIC Digital LLC (as of January 9, 2025) _ (Odaily Planet Daily note: This is a company that handles Trump's image licensing business in the NFT field, which also holds over $1 million worth of ETH);_
General Manager, Chairman, Secretary, and Chief Financial Officer of CIC Ventures LLC (as of January 9, 2025);
Current Chairman of Mar-A-Lago Club LLC _ (Odaily Planet Daily note: Referring to Mar-a-Lago Club, Trump's private residence and membership-based vacation club, purchased by Donald Trump in 1985);_
Chairman and Director of Trump Media & Technology Group (as of March 22, 2024);
Current Chairman of the Board of the John F. Kennedy Center for the Performing Arts.
It is evident that before taking office as President, Trump had distanced himself from potentially risky positions, but he still finds it "hard to let go" of his stronghold and cultural entertainment ventures.
Financial Document Disclosure Information
Main Assets: Resorts Contributing Over $100 Million, WLFI Sales Revenue of $57.355 Million
Looking through Trump's financial documents, there are as many as 22 assets exceeding $50 million, with significant contributions from Trump Media & Technology Group shares, Trump Endeavor 12 LLC, WLFI, and others.
Trump owns 53% of Trump Media & Technology Group shares, which, based on the current market value of $5.129 billion, equates to approximately $2.7 billion in assets; Trump Endeavor 12 LLC contributed the largest single income last year, amounting to $110 million, primarily from golf and hotel-related profits.
WLFI token sales revenue reached $57.355 million, making it the largest cryptocurrency-related income.
WLFI token sales revenue exceeds $50 million (see document page 171)
Royalty Business Income Exceeds $10 Million
As a "celebrity president" who constantly captures internet attention, Trump's published books, endorsed brands (including image rights and reputation rights), and NFT-related royalty income are also substantial, specifically:
"Save America": $3 million;
"MAGA Journey": $150,000;
"Letters to Trump": $250,000;
Trump sneakers and perfume: $2.5 million;
Trump watches: $2.8 million;
"Greenwood Bible": $1.3 million;
"45" guitar: $1.05 million;
NFT licensing and royalties: $1.15 million.
Royalty income is astronomical
It is worth mentioning that as a businessman with a strong awareness of intellectual property protection, Trump has also applied for hundreds of trademarks worldwide, including in China, South Korea, Venezuela, and other countries, and has specified that such assets do not belong to his personal investments, which also includes assets related to First Lady Melania Trump.
"Trump" is prominently listed
Trump's "Interest Business": Golf-Related Income Exceeds $17 Million
Additionally, perhaps due to a natural sensitivity as a businessman or personal interests, Trump's financial report shows that golf-related assets also generate significant income.
Aside from the golf course-related income mentioned earlier, Trump's RPV Development LLC (Odaily Planet Daily note: This company was purchased by Trump for $20 million in 2017, and lost $7 million in value the year after purchase) fully owns VH Property Corp., which contributed over $17 million in income. According to Bloomberg's website, VH Property Corp. is a golf industry company established in 2000, with business lines including golf-related courses.
Golf-related income belongs to interest-based earnings?
Crypto Holdings: Holding 15.75 Billion WLFI Governance Tokens
Aside from the direct income from WLFI token sales, Trump also holds 15.75 billion governance tokens through an ETH wallet. The financial document values them at around $1,000 to $15,000, with income recorded as less than $201. (Odaily note: The first round sale price of WLFI was $0.015, the second round sale price was $0.05, and if calculated at the current off-market price of $0.1, the tokens held by Trump would be valued at $1.57 billion.)
Does Trump also want to participate in WLFI governance?
Balance Sheet: 11 Liabilities, Involving Real Estate Loans and Lawsuits
In addition, Trump's financial documents mention his 11 liabilities, which include:
Loans for Trump Tower, Trump National Doral Golf Club, 40 Wall Street, etc.: over $50 million;
Debts related to the E. Jean Carroll _ (Odaily Planet Daily note: the woman who previously sued Trump for sexual assault and defamation) _: over $50 million;
American Express credit card debt: $15,000 - $50,000;
Revealing Trump's Liabilities
Perhaps many would not expect that Trump is also a "veteran credit card user." The real estate tycoon, business legend, and U.S. president is also a loyal user of bank credit cards, which only indicates that the road to the popularization of stablecoins in cryptocurrency still has a long way to go.
Fun Fact 1: Trump's Financial Document Far Exceeds Biden and Harris
It is noteworthy that this lengthy 234-page financial document includes over a hundred items of income that are less than $201, yet they are still detailed. In contrast, former President Biden's financial form submitted in 2024 is only 11 pages, with primary income sources from traditional sources like banks and retirement accounts, while Democratic presidential candidate Harris's financial form is only 15 pages.
This illustrates the difference in financial situations between a businessman who has navigated the business world for decades and a politician who has been in office for decades: the former is complex and intricate, while the latter is straightforward.
Fun Fact 2: Trump Made the Forbes Billionaires List as Early as 1982
According to the Forbes Real-Time Billionaires List, Trump's current assets are around $5.2 billion, ranking him 718th on the billionaire list. Previously, in the article "24-Hour Reversal! Musk Just Extended an Olive Branch, Trump Declares 'Relationship Over'", we mentioned his wealth in relation to Musk, where his personal assets were still $5.5 billion. Just a few days later, his wealth shrank by $300 million. It must be said that for wealthy individuals like Trump and Musk, wealth is truly just a numbers game.
As early as 1982, Trump, along with his father Fred, made it onto the very first Forbes 400 list, with the family's total net worth estimated at $200 million.
This son of a commercial real estate tycoon, born with a silver spoon, has now ascended to the presidency of the United States through his own efforts and the opportunities of the times. In the next four years of his presidency, his personal wealth may continue to expand at an astonishing rate.
Recommended Reading:
Bloomberg: The Trump Family's Business Empire
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