Former President Donald Trump has filed a financial disclosure form with the Federal Election Commission, providing the first detailed glimpse into his finances since leaving office. The form reveals earnings from his "Truth Social" social network venture, as well as income generated from his digital trading cards released in December.
Trump estimated that his social media network, Trump Media & Technology Group (TMTG), which includes Truth Social, is worth between $5 million and $25 million. Although he reportedly made less than $201 from this venture during the reporting period, it indicates a significant valuation for TMTG.
The former president also reported earning between $100,000 and $1 million for a series of non-fungible token (NFT) digital trading cards launched in December 2021. Among these collectibles was a card featuring Trump with laser eyes – an internet meme often associated with cryptocurrency enthusiasts.
However, due to limitations on disclosures only requiring reporting of income within broad ranges, determining precise figures or how many of Trump's largest properties and businesses have fared since he left office remains difficult.
Since being allowed back on various social media platforms after initial bans following events surrounding January 6th Capitol riots last year , President Trump has relied heavily on Truth Social as a primary method of sharing messages with supporters.
Federal candidates are required to file such financial disclosures upon announcing their candidacies. As speculation continues over whether Mr.Trump will run again in 2024 elections , this document provides insight into some aspects of his current financial situation .
Steven Goldsteinberg , professor at Columbia University School Journalism said: “This FEC filing gives us our first real look at the former president’s post-White House business ventures,” He added that while it does not provide complete clarity about all assets held by Mr.Trump or operations conducted under those entities , it offers valuable information regarding new ventures like Truth Social and NFTs.