Former US President Donald Trump filed his first tax return since being elected to the White House in 2017 on Friday, showing estimated income earned from all of his businesses, from his digital business cards to the company behind his network, Truth Social.
The 101-page report was requested after his pre-candidacy for the 2024 presidential election and partially reveals the profits of his companies, a topic avoided at all costs by the tycoon.
Trump earned between $100,000 (about $90,000) and a million dollars (about $900,000) with his NFT, which cost $99 (about $89).
The millionaire also earned more than five million dollars (about 4.5 million euros) as a teacher at the company CIC Ventures, which he manages according to the document.
The former president reported that he earned no more than $ 200 (180 euros) from Trump Media & Technology Group, the parent company of his Truth Social platform. Donald Trump 90% of the company’s shares, which have an estimated value between 5 million (4.5 million euros) and 25 million dollars (22.5 million euros).
The document also reveals information about Trump’s business abroad, such as a $4 billion real estate and golf project in Oman, in partnership with a Saudi firm.
In addition, the businessman earned more than five million in commercial rights from an entity called “DT Marks Oman”.
Unlike any president since 1970, the Republican refused to release his tax returns while still president and asked the Justice Department to block a possible request from Congress.
However, statements from 2015 through 2020 were released by the US House of Representatives in December. The documents revealed that although the businessman reported millions in profits, he used to pay less taxes and claim financial losses in his business.
Source: DN
