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What Donald Trump's first financial report reveals about his income after leaving the White House

2023-04-15T13:36:43.663Z


The financial statement presented this Friday to the Federal Election Commission provides limited information, but sheds light on what the former president has earned from his businesses and his social network after 2020.


By

Michelle Price - The

Associated Press

Former President Donald Trump said he is not making much money from his Truth Social social network

but estimates it is worth between $5 million and $25 million

, according to his first statement of personal financial information since leaving the White House, filed Friday.

[Trump testifies for the second time before the New York Attorney General for alleged tax fraud in his company]

Trump owns 90% of the company, Trump Media & Technology Group, but said he made less than $201 from it.

He also reported that

he received between $100,000 and $1 million for a series of digital cards he put up for sale in December

, featuring him in Photoshopped images as an astronaut, cowboy and superhero.

Former President Donald Trump speaks during the National Rifle Association convention in Indianapolis, Indiana, Friday, April 14, 2023.AP

The report delivered to the Federal Election Commission offers the first look at Trump's finances since he left the White House and went into business.

[Trump sues Michael Cohen, key witness in the "Stormy Daniels case", for violating confidentiality clause]

The real estate mogul and reality star launched his Truth Social platform in 2022, a year after being banned from Twitter, Facebook and YouTube following the Jan. 6, 2021 insurrection on Capitol Hill.

Although Trump has already been allowed to return to those social networks, he has relied on Truth Social as his main channel for sharing messages with his supporters, especially since he launched his 2024 presidential campaign.

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The financial statement provides limited information because it only reports gross income.

That makes it hard to understand how many of Trump's biggest properties and businesses have fared since his departure from the White House, because the reports he had to file when he was president included specific incomes rather than ranges.

In the most recent financial disclosure, for example, Trump reported that his Washington, DC golf club brought in more than $5 million.

In 2020, he said it had been $14.2 million.

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CIC Digital LLC, the company that owns the NFTS digital cards, or non-fungible tokens, was valued between $500,000 and $1 million, according to the financial report.

Trump also reported that he had earned more than $5 million from his speeches.

[What the historic criminal indictment against Trump means for his intentions to retake the White House: five keys to the case]

All presidential candidates are required to disclose their personal finances after announcing their candidacies.

Trump, who is a Republican, had been allowed an extension and risked a fine if he delayed any longer.

Source: telemundo

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