Another $260 million of income came from the sale of interests in the WLF business, the filings showed.
Trump also reported making more than $635 million from his memecoin business CIC Digital, his filings showed. That largely came from royalties from a license agreement with “Celebration Coins.” Trump launched his memecoin days before his inauguration last January.
CIC Digital also held at least $60 million worth of various cryptocurrencies in digital wallets.
Trump also made over $196 million from an equity sale of Stablecoin Holdco.
Trump’s assets are held in a trust overseen by his son, Donald Trump Jr., and his business empire, the Trump Organization, is managed by two of his sons. The trust is revocable, meaning that Trump has the authority to amend or revoke it, and to appoint or remove trustees. While the President and Vice President are required by law to declare their income and their assets, they are not subject to the ethics laws that prohibit conflicts of interest among most executive branch employees.
Leave a comment