President Donald Trump’s personal finances have undergone a fundamental transformation since he first sought the presidency a decade ago — from golf clubs and hotel licensing fees to cryptocurrency token sales, Saudi licensing payments and tens of thousands of securities trades.
In 2016, when Trump was elected to his first term, the portfolio was built almost entirely on what Trump had run for decades: real estate, golf clubs, hotels and licensing agreements.
Brokerage and securities holdings like municipal bonds and stocks generated minimal income. Cryptocurrency did not appear at all.
But the picture began to shift by late 2024, according to an analysis of information compiled by Trump’s Wallet, a project of Hunter Index, a nonprofit news organization.
Golf and resort income remained the largest category, led by Trump Endeavor 12 LLC — the entity behind Trump National Doral — which reported $160.8 million in business income, the single-largest disclosed income line in a candidate disclosure form covering January 2023 through August 2024.
