Former President Donald Trump reports little income from his social media network, $1M from NFTs

New York: According to his personal financial disclosure form submitted on Friday, former President Donald Trump claims he doesn’t make much money from his social media network but believes it is worth between $5 million and $25 million.

He claimed to have made less than $201 from his social media business, Trump Media & Technology Group while owning nearly 90 per cent of it.

A series of digital trading cards he issued in December featuring altered images of Trump as an astronaut, a cowboy, and a superhero earned him between $100,000 and $1 million, he also said.

The report filed with the Federal Election Commission is the first glimpse into Trump’s finances since he left the White House and launched several new business ventures.

The real estate mogul and reality TV star launched the platform Truth Social in 2022, a year after he was banned from Twitter, Facebook and YouTube following the 6 January 2021, insurrection at the US Capitol.

Although Trump has since been allowed back on those social media networks, he has relied on Truth Social as a primary method of sharing messages with his supporters, especially as he has launched his 2024 presidential campaign.

The report provides limited information since it only reports income in broad ranges.

CIC Digital LLC, the company that owned the digital trading card NFTs, or non-fungible tokens, was valued at somewhere between $500,000 and $1 million, according to the report.

Trump also reported he made more than $5 million in speaking fees.

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

Read all the Latest News, Trending News, Cricket News, Bollywood News,
India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.