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Trump Reports More Than $600 Million in Income from Crypto, Golf, Licensing Fees

A US flag flutters in front of a banner depicting US President Donald Trump on the day of a military parade to commemorate the US Army's 250th Birthday in Washington, D.C., US, June 14, 2025. REUTERS/Nathan Howard
A US flag flutters in front of a banner depicting US President Donald Trump on the day of a military parade to commemorate the US Army's 250th Birthday in Washington, D.C., US, June 14, 2025. REUTERS/Nathan Howard
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Trump Reports More Than $600 Million in Income from Crypto, Golf, Licensing Fees

A US flag flutters in front of a banner depicting US President Donald Trump on the day of a military parade to commemorate the US Army's 250th Birthday in Washington, D.C., US, June 14, 2025. REUTERS/Nathan Howard
A US flag flutters in front of a banner depicting US President Donald Trump on the day of a military parade to commemorate the US Army's 250th Birthday in Washington, D.C., US, June 14, 2025. REUTERS/Nathan Howard

Donald Trump reported more than $600 million in income from crypto, golf clubs, licensing and other ventures in a public financial disclosure report released on Friday that provided a glimpse of the vast business holdings of America’s billionaire president.

The annual financial disclosure form, which appeared to cover the 2024 calendar year, shows the president's push into crypto added substantially to his wealth but he also reported large fees from developments and revenues from his other businesses. Overall, the president reported assets worth at least $1.6 billion, a Reuters calculation shows.

While Trump has said he has put his businesses into a trust managed by his children, the disclosures show how income from those sources still ultimately accrue to the president - something that has opened him to accusations of conflicts of interest.

Some of his businesses in areas such as crypto, for example, benefit from US policy shifts under him and have become a source of criticism.

“President Trump, Vice President Vance, and senior White House staff have completed required ethics briefings and financial reporting obligations," White House press secretary Karoline Leavitt said in an emailed statement to Reuters.

"The Trump Administration is committed to transparency and accessibility for the American people."

The financial disclosure was signed on June 13 and did not state the time period it covered. The details of the cryptocurrency listings, as well as other information in the disclosure, suggest it was through the end of December 2024, which would exclude most of the money raised by the family's cryptocurrency ventures.

Given the speed at which the Trump family has made deals during his ascent to the presidency, the filing is already a time capsule of sorts, capturing a period when the family was just starting to get into crypto but was largely still in the world of real estate deals and golf clubs. A meme coin released earlier this year by the president - $TRUMP - alone has earned an estimated $320 million in fees, although it’s not publicly known how that amount has been divided between a Trump-controlled entity and its partners. In addition to the meme coin fees, the Trump family has raked in more than $400 million from World Liberty Financial, a decentralized finance company. The Trump family is involved, also, with a bitcoin mining operation and digital asset exchange-traded funds.

In the disclosures, Trump reported $57.35 million from token sales at World Liberty. He also reported holding 15.75 billion governance tokens in the venture.

TRUMP MEDIA

The wealth of the Republican businessman-turned-politician ranges from crypto to real estate, and a large part on paper is tied up in his stake in Trump Media & Technology Group, owner of social media platform Truth Social.

Besides assets and revenues from his business ventures, the president reported at least $12 million in income, including through interest and dividends, from passive investments totaling at least $211 million, a Reuters calculation shows.

His biggest investments were in alternative fund manager Blue Owl Capital Corp and in government bond funds managed by Charles Schwab and Invesco.
The disclosure often only gave ranges for the value of his assets and income; Reuters used the lower amount listed, meaning the total value of his assets and income was almost certainly higher.

The disclosure showed income from various assets including Trump's properties in Florida. Trump's three golf-focused resorts in the state - Jupiter, Doral and West Palm Beach - plus his nearby private members' club at Mar-a-Lago generated at least $217.7 million in income, according to the filing. Trump National Doral, the expansive Miami-area golf hub known for its Blue Monster course, was the family's single largest income source at $110.4 million. The income figures provided are essentially revenues, not net profits after subtracting costs.

The disclosure underlined the global nature of the Trump family business, listing income of $5 million in license fees from a development in Vietnam, $10 million in development fees from a project in India and almost $16 million in licensing fees for a Dubai project.

Trump collected royalty money, also, from a variety of deals - $1.3 million from the Greenwood Bible (its website describes it as "the only Bible officially endorsed by Lee Greenwood and President Trump"); $2.8 million from Trump Watches, and $2.5 million from Trump Sneakers and Fragrances.

Trump listed $1.16 million in income from his NFTs - digital trading cards in his likeness - while First Lady Melania Trump earned around $216,700 from license fees on her own NFT collection.

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World

Pakistani Foreign Minister to Discuss Iran during China Visit

Ishaq Dar, Pakistan's Deputy Prime Minister and Foreign Minister, speaks during a bilateral meeting with his Amir Khan Muttaqi, Afghan Foreign Minister, at the Presidential Palace in Kabul, Afghanistan, 19 April 2025. EPA/SAMIULLAH POPAL
Ishaq Dar, Pakistan's Deputy Prime Minister and Foreign Minister, speaks during a bilateral meeting with his Amir Khan Muttaqi, Afghan Foreign Minister, at the Presidential Palace in Kabul, Afghanistan, 19 April 2025. EPA/SAMIULLAH POPAL
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Pakistani Foreign Minister to Discuss Iran during China Visit

Ishaq Dar, Pakistan's Deputy Prime Minister and Foreign Minister, speaks during a bilateral meeting with his Amir Khan Muttaqi, Afghan Foreign Minister, at the Presidential Palace in Kabul, Afghanistan, 19 April 2025. EPA/SAMIULLAH POPAL
Ishaq Dar, Pakistan's Deputy Prime Minister and Foreign Minister, speaks during a bilateral meeting with his Amir Khan Muttaqi, Afghan Foreign Minister, at the Presidential Palace in Kabul, Afghanistan, 19 April 2025. EPA/SAMIULLAH POPAL

China's foreign minister and his Pakistani counterpart will discuss ‌the ‌situation in ‌Iran during ⁠the latter's visit to ⁠China on Tuesday, China's ⁠foreign ministry said.

The ‌two ‌countries have ‌similar ‌positions on major international and regional ‌issues, a spokesperson for ⁠the ministry ⁠said in a press briefing.

The United States and Israel launched coordinated airstrikes on Iran in February 2026, targeting military and nuclear facilities, which triggered a wider regional conflict. 

Iran retaliated with missile and drone attacks against Israel and US positions, widening the fighting across the region. 

The war has raised serious global concerns about further escalation, economic instability, and the risk of a prolonged Middle East conflict. 

World

Iran Executes Two More Convicted of Links to Banned Opposition

A man holds a picture of the late Iranian Supreme Leader Ali Khamenei during a campaign in support of the government at the Enqelab-e-Eslami square in downtown Tehran, Iran, Monday, March 30, 2026. (AP)
A man holds a picture of the late Iranian Supreme Leader Ali Khamenei during a campaign in support of the government at the Enqelab-e-Eslami square in downtown Tehran, Iran, Monday, March 30, 2026. (AP)
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Iran Executes Two More Convicted of Links to Banned Opposition

A man holds a picture of the late Iranian Supreme Leader Ali Khamenei during a campaign in support of the government at the Enqelab-e-Eslami square in downtown Tehran, Iran, Monday, March 30, 2026. (AP)
A man holds a picture of the late Iranian Supreme Leader Ali Khamenei during a campaign in support of the government at the Enqelab-e-Eslami square in downtown Tehran, Iran, Monday, March 30, 2026. (AP)

Iran executed two men on Tuesday convicted of membership in a banned opposition group and plotting to overthrow the Islamic republic, the judiciary said, a day after two others were hanged on similar charges.

"Babak Alipour and Pouya Ghobadi... were executed by hanging on Tuesday after legal procedures were completed and their sentences upheld by the Supreme Court," the judiciary's Mizan Online website said.

The men were found guilty of attempting "rebellion through involvement in multiple terrorist acts", as well as membership of the banned People's Mujahedin of Iran (MEK) and carrying out acts of sabotage aimed at overthrowing the regime.

The executions come with Iran at war with the United States and Israel following strikes on February 28 that triggered a wider regional conflict.

On Monday, Iranian authorities announced the execution of two other men convicted of links to the MEK and attempting to overthrow the regime.

It was not clear when the four men were arrested.

The MEK, which opposed the rule of the shah and initially supported the 1979 revolution before falling out with the leadership in the 1980s, has since been in exile and is designated a terrorist organization by Tehran.

Iran is the world's most prolific executioner after China, according to rights groups.

It has carried out several executions since the war began.

On March 19, Iran executed three men accused of killing police officers during mass protests which peaked in January -- the first executions related to that unrest.

In the same month Iran also executed Kouroush Keyvani, a dual Iranian-Swedish national, on charges of spying for Israel, drawing condemnation from Stockholm and the European Union.

World

New US Missile Hit Iranian Sports Hall and School, Analysis Shows

FILE - A thick plume of smoke rises from an oil storage facility hit by a US-Israeli strike in Tehran, Iran, March 8, 2026. (AP Photo/Vahid Salemi, File)  
FILE - A thick plume of smoke rises from an oil storage facility hit by a US-Israeli strike in Tehran, Iran, March 8, 2026. (AP Photo/Vahid Salemi, File)  
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New US Missile Hit Iranian Sports Hall and School, Analysis Shows

FILE - A thick plume of smoke rises from an oil storage facility hit by a US-Israeli strike in Tehran, Iran, March 8, 2026. (AP Photo/Vahid Salemi, File)  
FILE - A thick plume of smoke rises from an oil storage facility hit by a US-Israeli strike in Tehran, Iran, March 8, 2026. (AP Photo/Vahid Salemi, File)  

John Ismay and Christiaan Triebert

Washington: On the first day of the war with Iran, a weapon bearing the hallmarks of a newly developed US-made ballistic missile was used in an attack that struck a sports hall and adjacent elementary school near a military facility in southern Iran, according to weapons experts and a visual analysis by The New York Times.

Local officials cited in Iranian media said this strike and others nearby in the city of Lamerd killed at least 21 people.

The Feb. 28 attack occurred the same day as a US Tomahawk cruise missile struck a school in the city of Minab, several hundred miles away, killing 175 people. In the case of Lamerd, though, it involved a weapon that had been untested in combat.

The Times verified videos of two strikes in Lamerd, as well as aftermath footage from the attacks. Times reporters and munitions experts found that the weapon features, explosions and damage are consistent with a short-range ballistic missile called the Precision Strike Missile, or PrSM (pronounced like “prism”), which is designed to detonate just above its target and blast small tungsten pellets outward.

Videos that capture one strike, in a residential area about 900 feet from the sports hall and school, show the weapon in flight, with a distinctive silhouette that matches the PrSM. The missile erupts in a large fireball midair.

Another video, filmed from a security camera directly across from the sports hall, shows the strike on the hall and adjacent school. While the video does not capture an incoming missile, it clearly shows an explosion just above the structure.

Photos of the aftermath show both sites were pockmarked with holes, apparently from the tungsten pellets.

There is an Iranian Revolutionary Guards Corps, or IRGC, compound directly next to the sports hall. It’s not known if it was struck in the attack.

The PrSM completed prototype testing only last year, according to an Army press release. On March 1, US Central Command posted a video of a PrSM launch from the first 24 hours of the war. Days later, Adm. Brad Cooper, who leads Central Command, said the PrSM had been used in combat for the first time.

The military has been touting its debut.

Since the weapon is so new, it’s more difficult to assess whether the PrSM strikes in Lamerd were intentional, stemmed from a design flaw or manufacturing defect, or were the result of improper target selection.

It’s unclear if or how the school or sports hall might be affiliated with the IRGC compound, but according to archival satellite imagery, they have been walled off from the compound for at least 15 years.

The sports hall, at the time of the strikes, was being used by a female volleyball team, according to Amir Saeid Iravani, Iran’s representative to the United Nations.

Photos and videos posted to a social media account linked to the school show the premises were regularly used by children.

The sports hall has also for years been publicly identified as a civilian-use facility on readily available digital mapping platforms, including Google Maps, Apple Maps and Wikimapia, according to a review by The Times.

Ground-level and satellite images of the aftermath show the sports hall with scorch marks and a partly collapsed roof. Footage from inside the school shows blown-out windows, fire damage and splotches of blood.

The PrSM’s intended use is to kill enemy troops and destroy unarmored vehicles, and it can fly more than twice as far as any other missile in the Army’s arsenal.

A US official who spoke to The Times confirmed that the missile used in the Lamerd strike was the PrSM. The official was not authorized to comment publicly about the attack and spoke on the condition of anonymity.

Other experts consulted by The Times also provided an assessment of the weapon.

“While we knew PrSM was fired, this is the first look we’ve gotten at the business end of the system,” Jeffrey Lewis, a nuclear nonproliferation expert at Middlebury College, said after reviewing videos and photos of the incident.

Lewis’s observation was supported by Frederic Gras, another munitions expert.

He said the video showing airburst detonation was very clear, and “the pattern of fragmentation damages are impressive and match with the few technical information available on the PrSM.”

Capt. Tim Hawkins, a spokesman for US Central Command, said in a statement to The Times on Saturday: “We’re aware of the reports and are looking into them. US forces do not indiscriminately target civilians, unlike the Iranian regime.”

Lewis said the missile seen in the video also resembled another ground-launched American weapon — a guided rocket called GMLRS-ER, but since that munition has a range of only 93 miles, versus the PrSM’s 400 miles, it would have had to have been fired from inside Iran, which is highly unlikely.

In addition to the sports hall and school, and nearby residential area, a third location may have been hit in the attack.

The Times verified a video that shows another plume of smoke rising close to the other strikes at the same time. Local Telegram and media reports stated a cultural center had been hit, but that couldn’t be independently verified.

The BBC and public radio program “The World” reported earlier that the missiles used in Lamerd may have been PrSMs, and that the Pentagon was looking into the incident.

The strikes on Iran are being conducted by a joint Israeli-US coalition, but senior American military officials made it clear that in the opening days of the conflict the United States was operating in the southern part of the country, where Lamerd is located.

At least 21 people were killed in the strikes, according to Iran’s state news agency, IRNA.

While that figure has not been independently verified, photos and videos posted online by local media outlets show scenes from a mass funeral the next day, March 1. An additional hundred people were injured, said Amir-Saeid Iravani, Iran’s representative to the UN.

Some of the casualties were volleyball players who were training inside the hall when the missile struck, according to Iravani, and eyewitnesses cited by US-based online media outlet Drop Site News.

Tasnim, a semiofficial Iranian news agency, published the names of the 21 people it said were killed. An Iran-based journalist, Negin Bagheri, wrote about two of the victims: Helma Ahmadizadeh, a 10-year-old fourth-grader, and Elham Zaeri, a fifth-grader, both of whom were at volleyball practice when the missile struck. Khabar-e Jonoub, an Iranian newspaper, reported on the death of a sports coach identified as Mahmoud Najafi.

The PrSM is a short-range ballistic missile designed to replace the Army Tactical Missile System, or ATACMS, in the Army and Marine Corps arsenal.

Developed by Lockheed Martin in Camden, Arkansas, it’s capable of hitting targets at a range of approximately 400 miles.

But additional details about the weapon, including its expected accuracy and the quantity of explosives it carries, remain unknown to the public.

In past wars, the Pentagon has at times deployed developmental weapons like the PrSM to active war zones for what the military calls “combat evaluation,” so long as commanders knowingly accept the attendant risk of using a munition before it has gone through more testing.

The New York Times