Former US President Donald Trump submitted his personal financial disclosure report to the Federal Election Commission (FEC) on the 14th (local time), showing the public his finances for the first time since his presidency, CNN and others reported.
The former president will likely provide new data on his personal finances after he leaves office, including earnings from the sale of his hotel in Washington, D.C., a photo book from his White House days, and the Trump Media & Technology Group (TMTG), a social media venture.
According to the Associated Press, former President Trump did not make much money from his social media, but according to a personal financial disclosure report submitted to the Federal Election Commission on the same day, he made between $5 million (about 6.5 billion won) and $25 million (about 32.7 billion won). estimated to be worthwhile.
He owns about 90% of his social media company, Trump Media & Technology Group, but said he made less than $201 from the business.
It also launched a series of digital trading cards depicting Trump photoshopped in a series of cartoon-like images, including astronauts, cowboys and superheroes, in December of last year, fetching between $100,000 and $1 million. billion) was reported.
According to the report, the company (CIC Digital LLC) that owns the digital trading card NFT (non-fungible token) is valued between $500,000 and $1 million.
Former President Trump reported earning more than $5 million (about 6.5 billion won) in speaking fees.
A wealth report filed with the Federal Election Commission is the first glimpse into former President Trump’s finances since leaving the White House and starting several new businesses, the Associated Press reported.
The real estate tycoon and reality TV star launched his platform Truth Social in 2022, a year after his accounts were banned from Twitter, Facebook and YouTube following the January 6, 2021, riots at the US Capitol.
Former President Trump has since been able to return to social media, but he has relied on Truth Social as his primary way of sharing messages with his supporters, especially as he embarks on his 2024 presidential campaign.
This wealth disclosure provides limited information because it only reports a broad range of income. It is not known how many of the former president’s largest fortunes and businesses since his departure, the Associated Press said, because disclosures he had to file while he was president included specific income figures, not ranges.
CNN also reported that the financial disclosure report provides an inaccurate financial picture because presidential candidates only have to report a wide range of assets and liabilities.
Former President Trump, for example, reported that his Washington, D.C. golf club earned more than $5 million. But in 2020, he reported a bit more elaborately at $14.2 million.
Source: Donga
Mark Jones is a world traveler and journalist for News Rebeat. With a curious mind and a love of adventure, Mark brings a unique perspective to the latest global events and provides in-depth and thought-provoking coverage of the world at large.