Trump reports little income from Truth Social, $1 million from NFTs
By MICHELLE L. PRICE Associated Press
2 days ago
Former President Donald Trump speaks at the National Rifle Association Convention in Indianapolis, Friday, April 14. April 2023. (AP Photo/Michael Conroy)
NEW YORK (AP) – Former President Donald Trump says he doesn’t make much money from his social media network, but estimates it’s worth between $5 million and $25 million, according to his personal financial disclosure form filed Friday.
He owns about 90% of his social media company, Trump Media & Technology Group, but said he made less than $201 from it.
He also reported earning between $100,000 and $1 million for a series of digital trading cards he released in December that portrayed a photoshopped Trump in a series of cartoon-like images, including an astronaut, a cowboy and a superhero.
The report filed with the Federal Election Commission is the first look into Trump’s finances since he left the White House and started several new business ventures.
The real estate mogul and reality TV star launched the platform Truth Social in 2022, a year after he was banned from Twitter, Facebook and YouTube following the January 6, 2021 riot at the US Capitol.
Although Trump has since been allowed back on these social media networks, he has relied on Truth Social as a primary method of sharing messages with his supporters, especially as he has launched his 2024 presidential campaign.
The disclosure provides limited information because it only reports income in broad ranges. That makes it difficult to say how many of Trump’s biggest properties and businesses have since leaving office, because the disclosures he was required to file when he was president included specific income figures rather than ranges.
In the latest disclosure, for example, Trump reports that his golf club in Washington DC took in more than $5 million. By 2020, he had put a finer point on it: $14.2 million.
CIC Digital LLC, the company that owned the digital trading card NFT, or non-fungible tokens, was valued at somewhere between $500,000 and $1 million, according to the report.
Trump also reported earning more than $5 million in speaking fees.
All federal candidates are required to file the disclosures after announcing their candidacies. Trump, a Republican, had been granted an extension and risked a fine if he delayed further.
