Global Courant 2023-04-15 08:16:05
NEW YORK –
Former US President Donald Trump says he doesn’t make much money from his social media network, but estimates it to be worth between $5 million and $25 million, according to his personal financial disclosure form he filed Friday.
He owns about 90% of his social media company, Trump Media & Technology Group, but said he made less than $201 from it.
He also reported earning between $100,000 and $1 million for a series of digital trading cards he released in December that depicted a photoshopped Trump in a series of cartoonish images, including an astronaut, a cowboy, and a superhero.
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 Truth Social platform in 2022, a year after being banned from Twitter, Facebook and YouTube following the January 6, 2021 riot at the US Capitol.
While Trump has since been allowed back on those social media networks, he relies on Truth Social as his primary method of sharing messages with his supporters, especially now that he’s launched his 2024 presidential campaign.
The disclosure provides limited information as it only reports earnings in broad ranges. That makes it hard to say how many of Trump’s largest properties and companies have fared since leaving office, because the disclosures he was required to file while president included specific income numbers rather than ranges.
For example, in the latest disclosure, Trump reports that his golf club in Washington, D.C. raised more than $5 million. In 2020 he had put an end to it: $ 14.2 million.
CIC Digital LLC, the company that owned the digital trading card NFTs, or non-fungible tokens, was valued at somewhere between $500,000 and $1 million, according to the report.
Trump also reported earning more than $5 million in speaking fees.
All federal candidates are required to file the disclosures after announcing their candidacy. Trump, a Republican, had been delayed and risked a fine if he delayed longer.
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Associated Press writers Jill Colvin and Bernard Condon contributed to this report.
