Bibles, cryptocurrency, Truth Social and gold bars: A look at Trump’s reported sources of income

Former President Donald Trump owns more than $1 million worth of cryptocurrency and up to $250,000 in gold bars along with the portfolio of golf courses and real estate properties that have made him a billionaire, according to newly released financial disclosures. In accordance with federal law, most assets’ values are listed in a range, though Trump reports the precise figure for some of his income. UNUSUAL INVESTMENTS AND SOURCES OF INCOME Trump reported earning $300,000 off sales of an edition of the Bible that he and country singer Lee Greenwood endorsed, known as “The Greenwood Bible.” He also earned $4.4 million in royalties off a book called “Letters to Trump” and $500,000 off one called “A MAGA Journey.” Trump still receives royalties on a wide number of other books, including “The Art of the Deal,” which came out in 1987 and netted the former president $50,000 to $100,000 in the past year. As a onetime member of the Screen Actors Guild, Trump receives an annual pension of $90,776. Trump’s fame comes from real estate, but his current biggest asset is likely his media company that operates the social media network Truth Social. The company went public in March, and Trump reports owning more than 114 million shares in the firm. He is currently unable to sell the shares as part of a “lock-up” agreement preventing major shareholders from selling stock for six months after it goes public, but with company stock at about $23 per share Friday, his holdings are worth more than $2 billion. He reports having $1 million to $5 million worth of the cryptocurrency ethereum, a noteworthy holding because he’s vowed to lift regulations on the cryptocurrency industry should he return to the White House. Trump also reported earning $7.15 million in licensing fees from NFT INT, which appears to be a firm selling digital tokens. The former president also reported owning $100,000 to $250,000 in gold bars. Others are generating money for him, including more than $3 million in income that he reported from licenses in Dubai and more than $2 million in Oman. Trump’s golf courses also generate money for him, including $37 million from his club in Bedminster, New Jersey, where he gave a rambling press conference on Thursday; $31 million from his golf club in Jupiter, Florida; and 26 million British pounds (the equivalent of 33.5 million USD) worth of revenue from his Turnberry course in Scotland. Trump’s flagship resort of Mar-a-Lago in Florida generated more than $56 million in income, according to the report. Melania Trump received a $237,000 payment for speaking to the conservative gay rights group Log Cabin Republicans in April. NOTEWORTHY DEBTS Trump lists several debts, including one stemming from litigation against him by the New York attorney general’s office alleging business fraud and two more from a magazine writer. Trump lists his debts to Carroll as between $1 million and $5 million and more than $50 million, the highest category available. Likewise, Trump lists his debt to the New York attorney general’s office as more than $50 million. – This Summarize was created by Neural News AI (V1). Source: https://apnews.com/126e8382dd3501e3144de1a8aa9df2f6