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Washington (AFP) – Donald Trump filed the first financial report after his presidency on Friday with approximate revenue earned from all his businesses, from his series of digital business cards to the company behind his Truth Social network.
The 101-page report, which was requested of Trump as a candidate for a new term in the 2024 presidential elections, partially removes the veil from the real estate magnate’s businesses, a subject on which he is extremely secretive.
The former president made anywhere from $100,000 to $1 million from his $99 NFT digital trading cards, which show Trump in various guises including cowboy, astronaut and fighter pilot.
He also earned more than $5 million from his speaking engagements, which is run by CIC Ventures, according to the report.
Meanwhile, Trump reported that he has not earned more than $200 from the company Trump Media & Technology Group, parent of his Truth Social platform.
The former president owns 90% of the company, for which he reported a value of between five and 25 million dollars.
The document also discloses information about Trump’s overseas business, such as a $4 billion golf and real estate development project in Oman in partnership with a Saudi company.
It also recorded profits of more than five million dollars from commercial rights from an entity called “DT Marks Oman”.
Trump has done everything not to expose his financial information to the public.
Unlike every president since 1970, he refused to release his tax return while in office and went to court to block Congress’s request.
When US lawmakers finally released their returns from 2015 to 2020 against Trump’s will in December, the documents showed that despite reporting millions in profit, the former president often paid less in taxes by claiming big business losses.
© 2023 AFP
