Saturday, May 11

Trump experiences little earnings from Truth Social, $1 million from NFTs

NEW YORK — Former President Donald Trump says he’s not making a lot cash from his social media community however estimates it’s price between $5 million and $25 million, in keeping with his private monetary disclosure type filed Friday.

He owns about 90% of his social media firm, Trump Media & Technology Group, however stated he made lower than $201 from it.

He additionally reported he made between $100,000 and $1 million for a sequence of digital buying and selling playing cards he launched in December that portrayed a photoshopped Trump in a sequence of cartoon-like pictures, together with an astronaut, a cowboy and a superhero.

The report filed with the Federal Election Commission is the primary glimpse into Trump’s funds since he left the White House and launched a number of new enterprise ventures.

The actual property mogul and actuality TV star launched the platform Truth Social in 2022, a yr after he was banned from Twitter, Facebook and YouTube following the Jan. 6, 2021, rebel on the U.S. Capitol.

Although Trump has since been allowed again on these social media networks, he has relied on Truth Social as a main technique of sharing messages together with his supporters, particularly as he has launched his 2024 presidential marketing campaign.

The report supplies restricted info because it solely experiences earnings in broad ranges.

CIC Digital LLC, the corporate that owned the digital buying and selling card NFTs, or non-fungible tokens, was valued at someplace between $500,000 and $1 million, in keeping with the report.

Trump additionally reported he made greater than $5 million in talking charges.

All federal candidates are required to file the disclosures after asserting their candidacies. Trump, a Republican, had been granted an extension and risked a fantastic if he delayed additional.

Associated Press author Jill Colvin contributed to this report.

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