Trump earned $1.2 billion from crypto businesses last year while investors faced losses, filing shows
By
Bernard Condon
Summary
President Donald Trump's federal filing reveals he earned nearly $1.2 billion from his crypto businesses last year, profiting while his investors suffered losses. The new ventures, which were mere startups when he took office, have now surpassed much of his traditional property portfolio in revenue. Their growth was fueled by billionaire investors and Trump's own actions to halt a federal crackdown on the crypto industry. Trump received over $500 million from World Liberty Financial selling new crypto products.
Source
bskyTrump earned $1.2 billion from crypto businesses last year while investors faced losses, filing showschicagotribune.comKey quotes
· 4 pulledPresident Donald Trump took in nearly $1.2 billion from his crypto businesses last year, a federal filing released Tuesday shows, locking in profits while his investors were socked with losses.
Mere startups when he took the oath of office, the new ventures have now eclipsed in revenue much of his vast property portfolio that took him decades to accumulate.
Fueling their rise were billionaire investors and Trump's own move to quash a federal crackdown on the industry.
Trump got more than $500 million from his World Liberty Financial business selling new crypto products.
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