Fact Check: "President Donald Trump earned $57.7 million from token sales by the crypto firm he and his sons helped launch in 2022, according to his federal financial disclosure forms released by the Office of Government Ethics."
What We Know
According to multiple sources, President Donald Trump reported earning $57.35 million from token sales associated with the cryptocurrency firm World Liberty Financial in his federal financial disclosure forms. This information was released by the Office of Government Ethics and indicates that the income is one of his largest sources of revenue for the year. The firm, which is linked to Trump and his sons, was co-founded in 2024, and the reported income stems from sales of tokens by this decentralized finance (DeFi) platform (Reuters, Bloomberg, Gazette Extra).
The disclosure also indicates that Trump's personal crypto wallet is valued between $1,000,001 and $5 million, suggesting a significant personal investment in the cryptocurrency space (New York Post, Cointelegraph).
Analysis
The claim that Trump earned $57.7 million from token sales is corroborated by several credible news outlets, including Reuters, Bloomberg, and NBC News, all of which report similar figures around $57.35 million to $57.7 million from the crypto venture (Reuters, Bloomberg, NBC News).
The sources reporting on this matter are generally reputable, with Reuters and Bloomberg being well-established news organizations known for their financial journalism. The information is derived from official financial disclosures, which adds a layer of credibility to the claims being made. However, it is important to note that the exact figure reported varies slightly among sources, which could be attributed to rounding or differences in reporting standards.
The context provided by these disclosures also highlights Trump's broader financial landscape, including other significant income sources from licensing agreements and royalties, which further validates the authenticity of the reported figures (CNN, Coindesk).
Conclusion
The claim that President Donald Trump earned $57.7 million from token sales by the crypto firm he and his sons helped launch is True. The evidence from multiple reliable sources confirms that Trump reported earnings in this range from his involvement with World Liberty Financial, as disclosed in his financial forms.
Sources
- Trump reports more than $600 million in income from ...
- Trump Earned $57.7 Million From Crypto Venture ...
- Trump earned $57.7 million from crypto venture, disclosure ...
- Trump raked in $57M income from family crypto firm
- Trump Reports $57M Crypto Income From WLFI Venture
- Trump's financial disclosures reveal tens of millions in ...
- Trump's Empire Pulled In $57M From Family-Linked Crypto ...
- With bibles, tokens and watches, Trump made millions ...
