Trump’s financial disclosures reveal lawsuit debts and cash receipts

Donald Trump has filed his annual financial disclosure, and after a year of lawsuits, lawsuits and mistakes, the contents of the documents reflect the turmoil surrounding the former president.

The more than 250 pages of financial information reveal that the former president’s largest financial debts are more than $100 million owed to author E. Jean Carroll and the state of New York, resulting from massive civil lawsuit victories against the former president. The filings note that the judgments, $83 million for Carroll and $355 million for New York, were bound and their enforcement stayed pending appeals.

Trump also lists several mortgages tied to his various brand properties as part of his liabilities.

With all these debts, where does the money come from? The former president’s disclosures list a wide variety of income streams — including stock holdings, investment accounts, his various clubs and licensing deals — but also outline the various upsets and cash purchases under the Trump brand.

Trump reported making $300,000 from his endorsement of the “God Bless The USA” Bible, which is essentially a reproduction of the King James Bible produced by singer Lee Greenwood, which retails for $59.99 plus tax and transport.

He also reported earning more than $7 million from his series of Trump-branded NTF trading cards, which featured wrinkled versions of a muscular Trump dressed in various costumes and scenery — and in some cases came with a piece of the suit he wore in it. Photo from Georgia.

New in the revelations is a significant foray into cryptocurrency by the former president. Trump has reported holding between $1 million and $5 million in Ethereum. Despite Trump previously referring to crypto as a “scam,” his sons, Donald Trump Jr. and Eric Trump, have been promoting a growing family business in the cryptocurrency space in recent months.

Notably, the former president also significantly increased the estimated valuation of his personal social media platform Truth Social, raising the valuation of Trump Media & Technology Group Corp. to over $50 million, after a previous high of $25 million. Trump owns more than 60 percent of the publicly traded company, a total of about 114 million shares.

On Thursday, Trump held a press conference at his private golf club in Bedminster, New Jersey. The former president appeared alongside a collection of common food items such as cereal, bacon and ground coffee – apparently in an attempt to make a point about the high cost of goods for ordinary consumers.

What Trump’s financial disclosures reveal is the canyon of separation between the struggles of America’s working class and the man selling branded bibles and NFT trading books for a quick buck – all while sitting on a massive pile of properties, investments, licensing deals and brand endorsements.