Former President Donald Trump provided more details about his vast financial empire in an amended financial disclosure form, including his crypto wallet, speaking fees and proceeds from the sale of a Washington, DC, hotel. At the Office of Government Ethics, Trump had to provide precise amounts for the more than $1 billion in income earned from various efforts, which he had previously disclosed only in broad amounts.
In an earlier disclosure filed with the Federal Election Commission in April, Trump was allowed to assign a wider range of values for certain types of income as a candidate, including dividends, capital gains, interest, rent and royalties.
Other types of income, including salaries and speaking fees, need to be disclosed in precise amounts. In his original filing, Trump listed income from the Dubai golf course as between $1 million and $5 million. But the OGE filing specified that he earned $1,166,357 for managing that property. Similarly, he reported $284.5 million in income earned from Trump Old Post Office LLC, which owned his hotel in Washington.
This includes profits from operating the property until selling its interest and the proceeds from that sale, which also included furniture and equipment in the building. This is a significant increase from the previous filing, which stated that he made more than $5 million for “hotel revenue”. Trump’s wealth and celebrity – from his international real estate empire to his star turn in “The Apprentice” – have raised questions about the intersection of his presidency and business interests.
New filings reveal that Trump, two years out of office, has leveraged his political career for financial gain, reaping millions of dollars in speaking fees and business ventures made possible by his vast number of supporters .
The report provides the most detail to date on the state of Trump’s finances following his time in the White House and the tough presidential primary the situation is likely to face as he enters.
Democrats have attacked Trump for failing to divest himself of his business deals while president, but his Republican primary rival has been less inclined to question the sources of his earnings. In the new disclosure, Trump provided more details on the company, CIC Digital LLC. Receives a licensing fee for using Trump’s likeness on the non-fungible token.
It has a US bank account with a balance of less than $1,000 and an Ethereum wallet with between $250,000 and $500,000. Another unit showed payments of $5.8 million in royalties and $12.6 million for speaking engagements, including $1.4 million for a live tour in Florida and Texas in December 2021 with former Fox News host Bill O’Reilly.
Trump values his 90% stake in his social media. Company, Trump Media & Technology Group, $5 million to $25 million. The new filing has pulled the veil off some of the company’s revenue streams: a little over $1 million in advertising revenue from Rumble, a conservative live-streaming site that also hosts the company’s Truth social platform, and from advertising platform RevContent. $233,786. Trump also gave $2.1 million in his speaking fees to the media company as income.
The filing reveals speaking income earned by Melania Trump: a $250,000 speech for the Log Cabin Republicans, and another $250,000 from Fix California, an election integrity group led by Rick Grenell. , Trump’s former acting director of national intelligence.
The former first lady earned $155,000 for a December 2021 speech in Palm Beach for Make America Great Again, Again, a political action committee affiliated with Trump. FEC records show that no payments of that amount have been made by the super PAC to entities linked to Melania Trump, although the payment may have been made through another vendor.
The amended filing reveals that Trump paid off an additional loan from Deutsche Bank AG that was not included in his original filing. He paid off a mortgage of between $25 million and $50 million on his Trump National Doral resort.
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