President Donald Trump and his family have made an estimated $3.4 billion in profits since his two presidencies, according to a report by The New Yorker. The majority of this amount comes from cryptocurrency ventures, with the family reportedly earning $2.37 billion from digital coins.
The estimate includes profits from MAGA-branded merchandise, Trump’s Mar-a-Lago estate in Florida, and financial ventures. Other sources include hospitality earnings, media revenue, and income from a private jet. The report claims that the Trump family has lost hundreds of millions of dollars due to political opponents and fake news, but still managed to accumulate significant wealth.
White House Press Secretary Karoline Leavitt responded to the report by stating that President Trump’s profits are “absurd” and claiming he has actually lost money serving the country. However, The New Yorker estimates suggest a different story, with the family earning billions from various business ventures.
The report also highlights Trump’s cryptocurrency coins $TRUMP and $MELANIA, which earned an estimated $385 million in profit before he took office. Additionally, the family has made millions from Trump Store merchandise, including $27.7 million from MAGA-branded items.
Source: https://www.independent.co.uk/news/world/americas/us-politics/trump-family-profit-cryptocurrency-billions-b2806493.html