According to Form 278e released by the U.S. Office of Government Ethics (OGE) on Friday, Trump earned $57,355,532 from the token sale of World Liberty Financial.
The document also shows that Trump holds up to 15.75 billion World Liberty governance tokens, which may grant voting rights in the project. These tokens are valued between $1,001 and $15,000 in the disclosure document. Due to WLFI lacking an actual market value, being non-tradable, and not being liquidated, they can be reported at a very low book value. However, if calculated at the fundraising price of $0.015 per WLFI, the valuation of these tokens amounts to approximately $235 million.
OGE stated that the timeframe covered by this disclosure form encompasses the entire calendar year prior to the submission date (i.e., 2024). This income is just one of hundreds of investments that Trump has disclosed, which also include investments in major companies such as Blackstone, Visa, Microsoft, and Invesco.
According to World Liberty’s white paper, Trump and his three sons are the “chief cryptocurrency advocates” for the project, but he and his family do not hold any positions as officials, directors, founders, owners, or operators of the project.
In March of this year, the project completed its latest round of public sales for WLFI tokens, having sold 25% of the total supply to the public, raising a total of $550 million. The total supply of WLFI is 100 billion tokens, and co-founder Zak Folkman stated that it is expected that 63% of the tokens will be released to the public.
Recently, World Liberty has focused on promoting its dollar-pegged stablecoin USD1, and earlier this month, it airdropped the stablecoin to WLFI holders. However, Trump’s relationship with World Liberty has also drawn criticism from Democratic senators, raising concerns about potential conflicts of interest.
