United States President Donald Trump made more than $1 billion last year from business dealings in cryptocurrency, according to his mandatory financial report for 2025.
In a 927-page disclosure, he reported $635 million in royalties from a Trump meme coin that has plunged in value since he launched it days before taking office.
He also reported over $500 million in income from World Liberty Financial, a cryptocurrency firm founded by his own sons and the children of his special envoy, Steve Witkoff.
He earned millions more from real estate and Trump-themed items. But the White House denied he was profiting from the presidency.
The earnings from his latest financial disclosure far outpace the previous ones for 2024, when Trump disclosed over $600 million of income.
But the White House, which has repeatedly emphasised that Trump has placed his businesses in a trust managed by his sons, again denied any conflict of interest.
White House deputy press secretary Anna Kelly said the president had proudly made the US “the crypto capital of the world.”
“Neither the President nor his family has ever engaged – or will ever engage – in conflicts of interest,” she said in a statement.
She added: “All actions by President Trump and his administration are taken in the best interest of the American people – and any so-called ‘reporters’ pushing otherwise are recycling the same, tired, false narrative that Democrats and the legacy media have been pushing for a decade.”
The president himself has also highlighted that he is not subject to federal conflict of interest laws.
Trump once criticised cryptocurrency, famously calling Bitcoin a “scam” and a “disaster waiting to happen.”
But Tuesday’s disclosure shows his crypto earnings far overshadow income from his real estate business, which first catapulted him to fame. He earned around $77 million from his Mar-a-Lago club and $122 million from his golf club in Doral, Florida.
He also earned more than $30 million each from golf clubs in Bedminster, New Jersey, and Jupiter, Florida, and Turnberry, Scotland.
Trump also earned millions from other business ventures, including $4.7 million in royalties from Trump-branded watches, along with Trump-branded Bibles, trainers, fragrances and guitars.
First Lady Melania Trump also listed her income from 2025 in the disclosure. She made $10.7 million from a license agreement related to the documentary about her that was released last year. Another $6 million in income is listed for her from the sale of NFTs.
The president listed some $86.5 million of income in settlements from various legal actions, including $16 million from a lawsuit against ABC, $16 million from CBS, $24.5 million from Meta, $22 million from YouTube and $8 million from X.
According to Forbes magazine, Trump has an estimated fortune of $6 billion, up from $2.3 billion in 2024. Bloomberg’s Billionaire’s Index puts the president’s net worth at $7.6 billion.
After his return to the White House, Trump adopted a friendly approach to the crypto industry, even as companies linked to his family issued digital tokens. Last July, the president signed the GENIUS Act into law to make America the undisputed leader in digital assets.
