Ex-US President Donald Trump disclosed personal finances ahead as the Federal Election Commission reveals a massive boost in wealth since leaving office. Read to know more.
Trump’s personal finances disclosed
For those planning to run for president in the 2024 presidential elections, disclosing their assets and liabilities is mandated by law. As per a 101-page financial disclosure report released on Friday, Trump made a total of $5 million from speaking engagements. As per his 2022 financial disclosure form, trump made between $100,001 and $1 million of his income from NFTs.
Additionally, the Federal Election Commission document reveals that his business empire generated a minimum of $282 million. It is currently valued at least $1.2 billion. However, several revenue figures are not exact since Trump’s holdings are in illiquid real estate investments. This is because federal disclosures mandate reporting in broad ranges.
More on the valuations
As per the disclosure, Trump Media & Technology Group Corp., the firm behind Truth Social is valued between $5 million and $25 million. He reported earning less than $201 from the group. The earnings are significantly lower than the $9 billion evaluation in October 2021, when it announced a merger. Trump’s Mar-a-Lago Club raked in over $5 million over the last 15 months. The club serves as a destination spot for Trump’s supporters and allies. It raked in $24 million in the last year of his presidency. Additionally, the Trump Hotel located at the Old Post Office in Washington, D.C. brought in over $5 million before its sale.
Additionally, as per a New York Times report, the personal financial disclosure revealed a payment to Trump. The payments are in relation to a deal backed by Saudi Arabia-based real estate investment firm. The deal is to build a new hotel and golf complex in Oman. So far, the payments are listed at over $5 million. “Trump’s legal team sought an additional 30-day extension that was rejected by the FEC’s acting general counsel Lisa Stevenson,” revealed a CNN report.