President Trump’s financial disclosures reveal a significant income source: his family’s cryptocurrency venture.
A Crypto Fortune
The New York Post reports that Trump earned over $57 million from his involvement in World Liberty Financial (WLFI), a decentralized finance platform. This represents one of his largest income streams in the past year.
Family Affair
WLFI, launched last year, was co-founded by Trump’s sons – Donald Jr., Eric, and Barron – along with other partners. The family claims the platform was created in response to what they see as unfair treatment by the traditional banking system.
The “Debanking” Claim
Donald Trump Jr. has publicly stated that the family faced difficulties accessing traditional banking services after entering politics, alleging they were essentially “debanked.” He described the traditional banking system as a “pyramid scheme.”
Beyond Crypto
The disclosure also shows Trump’s personal cryptocurrency holdings are valued between $1 million and $5 million. He also received millions in royalties from products bearing his name and likeness. However, the report also lists substantial liabilities, including significant mortgage loans, lawsuits costing hundreds of millions of dollars, and tens of thousands in credit card debt.