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Trump revealed details about his financial earnings in a new filing that provides insight into his business ventures. He reportedly earns up to $1 million from his NFT trading cards that depict him in heroic deeds. He also revealed that he earned less than $201 from his social media platform Truth Social. Loading Something is loading.
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Former President Donald Trump reported low income from his social media platform Truth Social but revealed that his non-fungible token trading card is surprisingly profitable, according to his personal financial disclosure form filed Friday.
Trump said he earned less than $201 from Trump Media & Technology Group, the company behind Truth Social, which he launched after being banned from various social media platforms following the Jan. 6 insurrection , 2021.
The company, which Trump owns 90%, is worth between $5 million and $25 million in form.
While the Truth Social did not generate major gains, the former president revealed other useful ventures in the confrontation, which is a requirement of all federal candidates.
Trump reportedly earned between $100,000 and $1 million from CIC Digital, the company behind the NFT trading cards he released in December, depicting him in various heroic guises, including as a superhero, astronauts, and cowboys.
Joey Garrison (@joeygarrison) December 16, 2022
The cards were originally priced at $99 each, but some have fetched thousands of dollars. The collection sold out within hours, and CoinDesk reported at the time that they brought in over $1 million.
Trump said at the time that he didn’t view the effort as an investment but did it because he liked the art and thought the cards were “sorta cute.”
Trump also revealed that he made more than $5 million in speaking fees and between $100,000 and $1 million for his 1987 memoir “The Art of the Deal.”
The documents suggest Trump’s business empire is worth about $1.2 billion, according to Bloomberg.
While the filing provides insight into how the former president’s business ventures have fared since he left office, the disclosure only requires him to report information on a broad scale.
Trump filed the disclosure after securing two 45-day extensions and risks facing a $200 fine if he delays.
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Sources 2/ https://www.businessinsider.com/trump-made-1m-nfts-but-less-than-201-truth-social-2023-4 The mention sources can contact us to remove/changing this article |
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