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Interestingly, the documents also reflected that in addition to Trump’s US real estate holdings, he has global financial interests, including registered trademarks in China, Saudi Arabia, Iran, Ukraine and Israel read more
 "Trump's financial disclosure tells colourful story")
Republican presidential nominee Donald Trump. AP File
As the race to the White House intensifies a very “colourful” financial declaration of former US President Donald Trump showed that he owes a whopping $500 million in civil penalties. According to his voluminous finance disclosure documents, the business mogul turned politician made hundreds of thousands from his branded Bible and millions from his properties.
The document which was submitted to the US Office of Government Ethics made many questions if the Republican Presidential nominee is in fact solvent. Interestingly, the documents also reflected that in addition to Trump’s US real estate holdings, he has global financial interests, including registered trademarks in China, Saudi Arabia, Iran, Ukraine and Israel.
He is also reported to own millions in cryptocurrency and has a six-figure investment in gold bars.
But what about the substantial personal outgoings
Trump’s financial disclosure which was made public on Friday also hinted at the former president’s substantial outgoings. This includes the $500 million he owes to both the writer E Jean Carroll and the New York attorney general resulting from civil judgments involving defamation and accounting fraud.
With respect to both judgements, Trump owes $83 million to Carroll and $454m to New York state. The amount is subject to bonds while the former president appeals the decisions to a higher court. Hence, the whole process could take years.
Meanwhile, Trump’s Mar-a-Lago home and private club in Florida, which formed part of a case against the Trump Organization involving inflated asset valuations, produced about $57m in income. This was $8 million down from the figure that was present in the previous disclosure.
Earlier this year, Trump was featured in the Bloomberg Billionaires Index of 500 richest people, with a fortune of $6.5 billion. The $4 billion increase from his last reported net worth was due to the Spac merger of his social media company, Trump Media & Technology Group, which operates the Truth Social site. However, it is pertinent to note that the value of the media group has declined significantly in recent months by as much as $1.3 billion.
From Bible to NFT Trump did it all
Trump’s financial disclosure showed that he earned $12m through licensing and royalty deals. This includes the $7m he earned from an NFT licensing deal that sells digital “trading cards”. The former president is also earning $5 million in royalties for his recent books “Letters to Trump and Our Journey Together”. A Bible, published in association with the country singer Lee Greenwood, earned $300,000.
When it comes to Trump’s family, his wife and former First Lady Melania Trump said that she had earned $237,500 from a booking to speak to Republicans in Florida, and about $330,000 from NFTs, or non-fungible tokens, which have recently included digital portraits of her celebrating Women’s History Month.
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English (US) ·