Konstantin Kryvopust: new filing shows Trump earned up to $1 million from NFT sales

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Donald Trump, the 45th president of the United States, has earned up to $1 million from the sale of his digital cards.

According to in a statement to the US Office of Government Ethics the former US president earned between $100,001 and $1 million from CIC Digital, a company that sells NFTs featuring digital images of Trump.

The filing was part of a disclosure of personal financial data to the Federal Election Commission, which also revealed that the US politician earned millions from speaking engagements. Candidates running for president must submit an application.

Trump serves as “manager, president, secretary and treasurer” of CIC Digital LLC and CIC Ventures LLC, according to a statement filed Friday.

On the official website Trump Trading Cards said CIC Digital LLC has authorized NFT INT LLC, the company behind the NFT project, to use Trump’s image, name and likeness under a paid license agreement.

The project’s website also claimed that the funds raised from the NFT would not be used for Donald Trump’s presidential campaign.

As reported, the former president released his NFT collection, called “Trump Cards”, last December.

The NFT collection features a series of digital “cards” featuring Trump in a variety of iconic poses and situations, including Trump as a muscle-bound champion, Trump with a basketball, and even Trump in space.

“These limited edition cards feature the amazing ART of my life and career!” He said at the time, adding that the cards, costing $99 (£81) each, “would make a great Christmas present”.

There were a total of 45,000 NFTs, all minted on Polygon, a second-tier scaling solution that works alongside the Ethereum blockchain for fast transactions and low fees.

Recently, the price of the NFT collection skyrocketed following news that a Manhattan grand jury had voted to indict Trump.

According to on-chain data from NFT data aggregator CryptoSlam, the project has generated over $19 million in total sales since inception.

Currently highest bid on Trump NFT is 10 ETH, or about $20,000. Most offers seem to be in the 0.3 ETH range (around $630 USD).

Trump earned about $200 from Truth Social

The filing also said Trump received less than $201 in revenue from Trump Media & Technology Group, the company behind Truth Social, the former president’s favorite social media platform.

The company was valued at between $5 million and $25 million, according to the report.

Additionally, Trump’s 1987 memoir, The Art of the Deal, earned the former president between $100,000 and $1 million, according to the disclosure.

The billionaire also lists seven different mortgage obligations, each exceeding $50 million, and eight he owes between $5 million and $25 million.

In total, the documents show that Trump’s business holdings are valued at approximately $1.2 billion. According to Forbes, the businessman’s fortune currently exceeds 2.5 billion dollars.

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