US President Donald Trump earned more than $1.4 billion from his family’s cryptocurrency ventures in 2025, according to his latest financial disclosure, highlighting how digital assets have become the dominant source of his income following policies widely viewed as favourable to the crypto industry.
The annual financial disclosure filed with the US Office of Government Ethics showed that Trump’s companies received nearly $800 million from World Liberty Financial, the cryptocurrency venture he co-founded with his sons. The income included more than $520 million from crypto token sales and over $250 million from the sale of interests in the business.
The filing also revealed that Trump reported an additional $635 million from sales of his Trump-themed meme coins.
The latest disclosure marks a dramatic increase in Trump’s crypto earnings compared with the previous year. His 2024 filing showed $57.35 million in income from token sales at World Liberty Financial, meaning the venture’s reported returns increased more than nine-fold in 2025.
According to Reuters estimates, the Trump family has earned at least $2.3 billion from cryptocurrency-related projects since Trump returned to the White House in 2025.
Since taking office, Trump has introduced a series of policies welcomed by the crypto industry, including implementing federal rules for stablecoins and reducing enforcement actions by the US Justice Department and the Securities and Exchange Commission.
Beyond cryptocurrency, the president disclosed more than $80 million in income from settlements with media companies and $52 million from licensing his name to overseas property developers, largely through agreements with partners in the Middle East.
Responding to criticism over the president’s business interests, White House spokesperson Anna Kelly insisted there were no conflicts of interest.
“Neither the President nor his family has ever engaged — or will ever engage — in conflicts of interest. President Trump proudly made the United States the crypto capital of the world through executive actions,” Kelly said.
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 White House has previously maintained that Trump’s business interests are managed by his children, although the president remains the beneficiary of the trust that ultimately receives the income.
While cryptocurrency has emerged as Trump’s largest source of earnings, his traditional businesses also continued to generate substantial revenue.
The disclosure showed that revenue from Trump’s golf courses and resorts rose by 15 per cent to more than $500 millionin 2025, with the strongest gains recorded at properties the president has frequently visited since returning to office.
Revenue at the Mar-a-Lago club in Florida, which Trump has described as the “Winter White House,” increased from $50 million in 2024 to $77 million in 2025, while revenue at his nearby West Palm Beach golf club climbed by 27 per cent. However, income from his Los Angeles golf course declined during the year.
The filing also showed more modest growth across Trump’s commercial real estate portfolio. It listed income from about a dozen major property investments, including buildings he developed or acquired decades ago. Although the disclosure reports income in ranges rather than exact rental figures, most properties generated income within the same range—or less—than they did a decade earlier.
Commenting on the disclosure, a spokesperson for the Trump Organization said the filing demonstrated the company’s commitment to openness.
“The breadth and depth of this filing further underscores our commitment to transparency. At nearly 1,000 pages, it represents one of the most comprehensive financial disclosure reports ever submitted and demonstrates a level of financial transparency unmatched in presidential history.”
A spokesperson for World Liberty Financial declined to comment.
Ethics experts, however, said the disclosure highlights longstanding concerns about presidential financial interests.
Don Fox, a former acting head of the federal ethics office, noted that while presidents and vice presidents are exempt from federal conflict-of-interest laws that apply to other executive branch employees, previous presidents had generally sought to avoid potential ethical concerns.
“Every president in the post-Watergate era has managed his finances as though he were subject to conflicts of interest,” Fox said. “With Trump, those norms are just totally out the window.”
Fox argued that the situation demonstrates the need for stronger ethics legislation.
“He makes the case better than anyone that it’s time for additional ethics reforms. I think in terms of legislation, one thing that could be done would be to limit the types of investments he and the vice president … can hold.”
Boluwatife Enome
