NEW YORK (AP) — Former United States (US) President Donald Trump says he’s not making much money from his social media network but estimates it is worth between USD5 million and USD25 million, according to his personal financial disclosure form filed on Friday.
He owns about 90 per cent of his social media company, Trump Media & Technology Group, but said he made less than USD201 from it.
He also reported he made between USD100,000 and USD1 million for a series of digital trading cards he released in December that portrayed a photoshopped Trump in a series of cartoon-like images, including an astronaut, a cowboy and a superhero.
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 January 6, 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 disclosure provides limited information because it only reports income in broad ranges.
That makes it difficult to tell how many of Trump’s biggest properties and businesses are faring since his departure from office because the disclosures he was required to file when he was president included specific income figures instead of ranges.
In the latest disclosure, for instance, Trump reports his Washington, DC golf club took in more than USD5 million. In 2020, he had put a finer point on it: USD14.2 million.
Trump also reported he made more than USD5 million in speaking fees.
