Ahead of the 2024 presidential elections, former president Donald Trump has disclosed significant earnings and liabilities in his latest financial disclosure.
What Happened: The former president has earned $300,000 for endorsing a version of the Bible. The financial disclosure, filed on Thursday, also lists millions in liabilities.
The disclosure, required annually for federal candidates and officeholders, provides details on assets, investments, income sources, and liabilities. Trump reported earnings from recently released books, including $505,763 from "A MAGA Journey."
Trump also received a $300,000 royalty payment for "The Greenwood Bible," endorsed by both Trump and singer Lee Greenwood. The Bible sells online for $60, with signed copies priced at $1,000.
The book "Letters to Trump," a collection of personal notes from various celebrities to Trump, generated $4.5 million in royalties, according to the filing.
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Why It Matters: The financial disclosure sheds light on Trump’s current financial status, highlighting both his income streams and substantial liabilities.
Notably, Trump's financial situation includes over $50 million in legal liabilities, as revealed in the disclosure. These liabilities are linked to ongoing legal issues, including a civil fraud case filed by New York Attorney General Letitia James and two judgments against him in the sexual abuse case involving E. Jean Carroll.
Additionally, Trump's financial disclosure reveals that he holds between $1 million and $5 million in cryptocurrencies, likely connected to his non-fungible token (NFT) collections. The Republican presidential hopeful has earned $7.15 million in licensing fees from this venture.
Meanwhile, Trump faces criticism from former White House communications director Anthony Scaramucci. Scaramucci has warned about the potential dangers of a second Trump presidency, particularly concerning Trump's stance on the Federal Reserve and pro-business policies.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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