Former President Donald Trump has discovered a new lucrative venture in the world of cryptocurrency, particularly Ethereum, generating more passive income than his famous reality show, ‘The Apprentice.’ According to recent financial disclosures and blockchain data, Trump’s Ethereum and Polygon wallets are accumulating substantial passive income, outpacing his traditional revenue streams. This income is primarily generated through secondary NFT sales, token taxes from unofficial meme coins, and royalty fees on his official Trump Digital Trading Card collections, all requiring minimal effort from Trump or his team.
Trump’s NFT ventures have proven highly profitable. His official Trump Digital Trading Card collections, launched on the Polygon network, brought in a significant amount of Ethereum during their initial sales, equivalent to millions of dollars at the time. The value of these sales has further increased since then. Furthermore, Trump receives a 10% royalty fee on secondary sales of these NFTs, which has added substantial earnings to his wallet since January 2023.
However, as NFT sales start to slow down, Trump’s Ethereum wallet has found a new source of revenue through a variety of illegitimate meme coins. These tokens, such as ‘Save America’ and ‘Trump Bucks,’ automatically pay a 2% tax to Trump’s wallet on every transaction. In recent months, these token taxes have accumulated a significant amount of Ethereum, exceeding the NFT royalties earned during the same period.
When annualized, the combined earnings from these various sources surpass Trump’s pension from the Screen Actors Guild and his reported royalties from ‘The Apprentice’ over the past year. As Trump continues to explore and benefit from the digital asset space, his passive crypto income could become a significant financial cushion, potentially outpacing traditional income streams he has relied on in the past.
This demonstrates the potential of cryptocurrency and blockchain technology as a source of passive income, even for high-profile figures like Donald Trump. It also highlights the evolving landscape of digital assets and their growing impact on the traditional financial system.
