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Donald Trump earned $300,000 selling Bibles


Donald Trump earned 0,000 selling Bibles

Getty Images Trump holds a Bible in Washington in 2020Getty Images

Trump holds a Bible in Washington in 2020

Former US President Donald Trump makes money from branded bibles and cryptocurrency holdings.

However, he also has debts of more than $100 million (£91 million) from three lost court cases, according to new financial disclosure forms released on Thursday.

Federal candidates must provide detailed information about their income, investments, assets and liabilities each year.

While the former president lists his assets in over 150 pages, his liabilities amount to tens of millions of dollars for the legal battles he faced this year.

Trump earned $300,000 (£273,000) from branded Bibles listed in the disclosure statement as “The Greenwood Bible.”

The former president began selling the books earlier this year after partnering with country singer Lee Greenwood.

Mr. Greenwood is known for his song “God Bless the USA,” which inspired the name of the Bible: “God Bless the USA Bible.”

They are available on Mr Greenwood’s website for $59.99.

Trump also earned income from the sale of several of his own books.

He earned $4.5 million in royalties from “Letters to Trump” – a film that features letters between Trump and celebrities – and $500,000 from “A MAGA Journey.”

The form also lists that Trump holds between $1 million and $5 million in cryptocurrency, which the former president once described as “fraud”.

He has since changed his stance and recently spoke out in favor of the digital currency at the Bitcoin 2024 conference.

“Bitcoin is not a threat to the dollar,” he said. “The behavior of the current U.S. administration is what really threatens the dollar.”

Although his list of assets is longer, Trump’s list of liabilities is costly. On his financial disclosure statement, he lists three new liabilities, all related to his legal proceedings.

The liabilities are listed as “Litigation; stayed pending appeal; secured against bail.”

The first liability is for between $1 million and $5 million owed to author and columnist E. Jean Carroll. The second liability, also listed as a debt to Ms. Carroll, is a much larger amount, totaling over $50 million.

Ms. Carroll filed two defamation lawsuits against the former president, claiming he sexually assaulted her in a department store dressing room.

A Judge ruled that Trump had Ms. Carroll, calling her accusation of sexual assault a lie.

A New York jury later found the former president guilty of defaming Ms. Carroll while in office.

Trump announced that he would appeal the ruling.

The third liability, for over $50 million, is for bail in a civil fraud case brought by New York Attorney General Letitia James, who alleges that Trump fraudulently inflated property values.

A judge ruled that Trump must pay more than $350 million in damages in the civil fraud case.

Trump denied the allegations and appealed the judge’s ruling.

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