Status: 04/15/2023 12:39 PM
Former US President Trump provided information on his income: this includes income from speaking and from his trading card series. This step is a prerequisite for his submission as a presidential candidate.
For the first time since leaving office, former US President Donald Trump has voluntarily disclosed his finances. According to the nearly 100-page published filing, he reports the earnings of his digital trading card chain, the company behind his online platform Truth Social, and Speaking Interactions.
This step is a prerequisite for reinstating Trump as the Republican presidential candidate in next year’s elections.
Money with the Digital Trading Card Series
According to the report, Trump’s earnings from digital trading cards alone range from $100,000 to $1 million. At $99 each, the photos show the Republican in a variety of poses, including cowboy, astronaut, and fighter pilot.
According to the documents, he also earned more than five million dollars (about 4.5 billion euros) from speaking appearances.
Hardly any revenue through Truth Social
Through his online platform Truth Social, he is reported to have made a little money. The income from the social network amounted to less than 201 dollars (about 181 euros), according to the form he submitted to the Electoral Commission (FEC). The federal authority monitors compliance with the rules relating to the financing of electoral campaigns. Trump owns 90% of Truth Social. Despite the low income, the platform was estimated to be worth between five and $25 million.
Trump launched Truth Social 2022. A year ago, he was banned from Twitter, Facebook, and YouTube after his supporters stormed the Capitol on Jan. 6, 2021. Although he has since been reinstated, he still relies primarily on Truth. Social.
The information provided to the FEC is the first on Trump’s financial condition since leaving the White House and founding several new businesses. However, the content of the information is limited: while he had to provide accurate income information during his presidency, the scope is now sufficient.
Trump refused to disclose his finances for years.
The US Supreme Court cleared the way for Trump’s tax returns to be released in November after years of litigation. The IRS then turned over the documents for the years 2015 to 2020 to the House Tax Policy Committee.
The documents were finally released after years of legal wrangling.