Donald Trump reports up to US$1m income from NFTs
The report filed with the Federal Election Commission is the first glimpse into Trump’s finances since he left the White House and launched 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 Jan 6, 2021, insurrection at the US Capitol.
Although Trump has since been allowed back on those 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 report provides limited information since it only reports income in broad ranges.
CIC Digital LLC, the company that owned the digital trading card NFTs, or non-fungible tokens, was valued at somewhere between US$500,000 and US$1 million, according to the report.
Trump also reported he made more than US$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.
