NEW YORK (AP) — The real estate mogul has become the billion-dollar crypto man.
President Donald Trump’s latest financial disclosure report showed he took in about $1.2 billion last year from various crypto holdings, overshadowing a real estate business that brought him fame and helped propel him to the nation’s top office.
Whereas it took decades for Trump to amass his various properties, the rise of crypto in his portfolio was done in just over a year, a stunning development sped along by his own friendly policies toward the industry and help from billionaires and other actors with important business before the presidency.
Running over 900 pages, the mandatory annual report showed Trump struck several other new veins of wealth last year, raising questions about whether he is profiting from his high office.
He took in tens of millions from new property holdings in foreign countries eager to please a man with power over where to deploy the U.S. military and how much to charge in tariffs. And he got tens of million more suing media companies worried they could lose their broadcast licenses or not get deals approved by his regulators.
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