A shocking White House report has revealed that President Donald Trump made a whopping $57 million from his crypto venture last year.
The financial disclosure report was released last Friday (June 13) by the Office of Government Ethics and it revealed which avenue of income was the most profitable for the president in 2024.
In the 234 page-long report, it detailed how it was his stake in the crypto platform World Liberty Financial that earned him a shocking $57, 355, 532 last year.
While Trump’s own meme coin $TRUMP wasn’t included in the report due to having launched in January this year, it has been estimated that the coin has so far made him a whopping $320 million.
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It was reported that last year, Trump made $3 million from his ‘Save America’ coffee table books, along with $2.8 million on ‘Trump Watches’, and a further $2.5 million on Trump sneakers and fragrances.
The president’s Mar-a-Lago estates and members club in Palm Beach, Florida, brought in over $50 million.
It doesn’t seem like Trump plans to stop there after he recently unveiled his new smartphone titled the T1 Phone, complete with its own Trump Mobile network.
The device has since been slammed as a ‘scam’ after the public have realized where they’re really being made.
The T1 Phone will set customers back by $499, which is significantly lower than industry giants including Apple and Samsung.
Donald Trump Jr. said: “Trump Mobile is going to change the game, we’re building on the movement to put America first, and we will deliver the highest levels of quality and service.”
The president’s son added that ‘our company is based right here in the United States because we know it's what our customers want and deserve’.
However, people aren’t too happy about the new device after they discovered where the product is being made.
Taking to social media to share their thoughts, one user wrote on X, formerly Twitter: “Trump is selling a repackaged $172 Chinese phone for $500 AND it's not even made in the USA. Whoever falls for this scam is a straight up clown.”
Another said: “Eric Trump: ‘Eventually all the Trump phones will be built in the USA’. Translation: They’re not built in America. And there’s no real plan to change that anytime soon.”
A third person commented: “Holy s***. Eric Trump says ‘eventually’ the phones under the new Trump Mobile brand will be made in the USA. That means right now, they will be made overseas. Unreal.”
And a fourth added: “Does it not bother his supporters that he is actively trying to scam them? Like, even if I liked Trump politically this would piss me off.”