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NFTs

Crypto, golf and now phones: 47th president cashes in on the White House

Last updated: June 20, 2025 7:05 am
Published: 9 months ago
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By Stacy M. Brown

Black Press USA Senior National Correspondent

Donald Trump, already under scrutiny for leveraging the presidency to boost his fortune, has launched a new venture — Trump Mobile — while continuing to rake in profits from a vast web of business interests tied to his time in office.

Trump Mobile, introduced on the 10th anniversary of his 2015 campaign announcement, promises “top-tier connectivity” through the “T1 Plan” at $47.45 per month. The service includes unlimited data, device protection, telehealth, roadside assistance and free international calling, particularly for military families. Marketed as a populist solution for “hard-working Americans,” the mobile service expands Trump’s brand into the wireless market under a licensing deal bearing his name. But this latest launch is just a sliver of Trump’s ongoing effort to monetize the presidency.

According to a June 2025 financial disclosure, Trump reported more than $600 million in income from ventures, including cryptocurrency, golf resorts and licensing deals. He made at least $217 million from Florida golf clubs alone, including $110 million from Trump National Doral. A meme coin called $TRUMP earned an estimated $320 million in fees, and Trump holds billions of governance tokens through his crypto venture World Liberty Financial. While he claims his businesses are in a trust managed by his children, Trump continues to benefit from licensing fees, including $16 million from a Dubai project, $10 million from India, and $5 million from Vietnam. He also made money from Trump Watches, NFTs, Bibles, and other branded merchandise.

A separate analysis by Forbes reveals that Trump’s wealth more than doubled from $2.3 billion to $5.1 billion in just one year — thanks to post-election crypto mania, a surge in Truth Social stock, and product sales. His digital token project alone reportedly funneled at least $110 million after taxes into his fortune.

This builds on earlier reports showing that Trump earned up to $160 million from foreign governments while serving as president. His dealings spanned Saudi Arabia, Turkey, China, India, and other countries, with golf courses and hotels serving as conduits for foreign interests seeking access and favor. Despite promises to halt international deals, Trump and his sons continued to expand and promote global projects during and after his presidency.

Meanwhile, Trump’s taxpayer-funded birthday and military parade reportedly cost $143 million, and his repeated golf trips have already cost taxpayers an estimated $30 million. While Trump’s team insists all disclosures have been filed and ethics briefings completed, critics argue that the lines between Trump’s profit and presidential power have not only blurred — they’ve disappeared.

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