Donald Trump made a staggering $1 billion from cryptocurrency in his first year back in office as the president of the US, his financial report has revealed.
The 927-page disclosure revealed the nose-bleed inducing sum was made thanks to business dealings with two cryptocurrencies.
The first was a meme coin launched by Trump, through which he made $635m in royalties. Trump launched the coin just days before he was inaugurated as president.
It has since plunged in value.
The president also reported over $500m in income from World Liberty Financial. The kicker with this one? It’s a cryptocurrency firm founded by his own sons and the children of his special envoy, Steve Witkoff.
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Trump also made millions from real estate and Trump-themed items.
Laughably, the White House has denied that Trump is profiting from the presidency and dismissed claims of any conflict of interest, the BBC reports.
White House deputy press secretary Anna Kelly said in a statement: “Neither the President nor his family has ever engaged – or will ever engage – in conflicts of interest.
“All actions by President Trump and his administration are taken in the best interest of the American people – and any so-called ‘reporters’ pushing otherwise are recycling the same, tired, false narrative that Democrats and the legacy media have been pushing for a decade.”
Trump has always looked to rinse his most loyal – and stupid – fans for every cent they’re worth. Looking past the pump-and-dump meme coin, Trump has also launched his own watches, bibles and gold-plated phones.
Other income streams disclose in the 927 pages include just under $77m from his Mar-a-Lago club and $86.5m of income in settlements from various legal actions.
For some context as to just how vast Trump’s annual filings are, Joe Biden’s financial report for his last full year in office was just 11 pages long.
And that’s before we even get onto the blatant insider trading that has taken place over the course of the war with Iran.