President Donald Trump reported earning more than $1.2 billion in 2025 from his cryptocurrency ventures during his first year back in office, according to his latest financial disclosure filed with the U.S. Office of Government Ethics. The filing, spanning over 900 pages, reveals that digital assets have become the dominant source of income within Trump’s sprawling business empire, surpassing his traditional real estate holdings.
The bulk of these earnings originate from World Liberty Financial (WLF), a cryptocurrency startup co-founded by Trump, his three sons, and the sons of Steve Witkoff, a diplomat appointed to a special envoy role in the administration. Trump’s reported income from WLF exceeds $500 million in token sales, including governance tokens launched in September 2024. Additionally, profits from the $TRUMP meme coin, an asset tied to Trump’s celebrity branding and launched days before his January 2025 inauguration, amounted to approximately $635 million in royalties.
Trump and his family also reportedly hold significant quantities of WLFI tokens, the currency issued by World Liberty Financial, valued at roughly $1.3 billion. However, both the governance tokens and meme coins have experienced steep declines in market value since their initial sales, with prices dropping by more than 80%. Critics have characterized these developments as benefiting Trump at the expense of investors, noting the risks and speculative nature of the assets involved.
The cryptocurrency earnings notably contributed to Forbes’ estimate that Trump’s net worth nearly tripled, rising from around $2.3 billion in 2024 to approximately $6.5 billion in 2026. Despite the surge from crypto, Trump’s real estate ventures remained lucrative, with revenues of $77 million from his Mar-a-Lago club, $122 million from his golf club in Doral, Florida, and tens of millions more from other clubs in New Jersey, Florida, and Scotland. Overseas, properties in the United Arab Emirates, Saudi Arabia, Romania, and Qatar collectively generated tens of millions more, amid ongoing negotiations involving U.S. tariffs and military aid.
In addition to cryptocurrency and real estate, Trump earned several million dollars from licensing deals on Trump-branded merchandise, including watches, Bibles, trainers, fragrances, and guitars. His wife, Melania Trump, also reported more than $10 million in income from a documentary, NFTs, and book deals.
The report has sparked accusations from Democrats and ethics experts who argue that Trump has exploited his position for personal financial gain. Senator Elizabeth Warren referred to the earnings as “brazen crypto corruption,” while other lawmakers condemned him for profiting amid economic struggles faced by many Americans. Critics also highlighted that Trump did not divest his assets or place them in a blind trust, unlike previous presidents, raising questions about conflicts of interest.
Trump and White House representatives have denied any wrongdoing, maintaining that the president’s business dealings are overseen by his sons and that no conflicts of interest exist. Deputy Press Secretary Anna Kelly stated that Trump has “proudly made the US the crypto capital of the world,” emphasizing that neither the president nor his family engages in conflicts of interest. Trump himself has said he is not directly involved in the management of his investments.
The disclosures also underscore Trump’s policy actions after resuming office, including reversing cryptocurrency regulations set by the prior administration and ushering in a more favorable environment for digital assets, which critics argue contributed to the rapid growth of his crypto income. The White House maintains that these policies were in the country’s interest.
Overall, the disclosures reveal the rapid expansion and diversification of Trump’s wealth during his presidency, with cryptocurrency emerging as a central and controversial element of his financial portfolio.