US President Donald Trump reported more than US$1.4 billion in income from his family’s cryptocurrency ventures in 2025, underscoring how digital assets have become the biggest contributor to his wealth following his return to the White House.
According to Trump’s latest annual financial disclosure filed with the US Office of Government Ethics, nearly US$800 million came from World Liberty Financial, the cryptocurrency venture he co-founded with his sons. The amount included more than US$520 million from token sales and over US$250 million from the sale of interests in the business, with family members also entitled to a share of the proceeds.
Trump also disclosed a further US$635 million in income from sales of his Trump meme coin, highlighting the rapid expansion of his cryptocurrency-related earnings.
The latest filing marks a sharp jump from the previous year’s disclosure, when Trump reported US$57.35 million from World Liberty token sales. Reuters recently estimated the Trump family has generated at least US$2.3 billion from crypto-related projects since Trump returned to office in 2025.
The disclosure also reflects the increasing importance of cryptocurrency in Trump’s business portfolio after his administration introduced policies widely viewed as supportive of the industry. These included implementing federal rules for stablecoins and easing enforcement actions by the US Justice Department and the Securities and Exchange Commission.
While crypto dominated his earnings, Trump’s traditional businesses continued to generate substantial income. Revenue from his golf courses and resorts rose 15% to just over US$500 million in 2025.
Mar-a-Lago in Florida, which Trump has dubbed the “Winter White House”, recorded revenue of US$77 million, up from US$50 million a year earlier, while revenue at his nearby West Palm Beach club climbed 27%. Revenue from his Los Angeles golf course, however, declined during the year.
The president also reported more than US$80 million in income from settlements with media companies, alongside millions earned from licensing the Trump name to overseas property developers.
White House spokesperson Anna Kelly rejected suggestions of any conflict 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.”
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.”
Although the White House has previously said Trump’s businesses are overseen by his children, the president remains the beneficiary of the trust that ultimately receives the income.
The Trump Organization said the nearly 1,000-page disclosure demonstrated an unmatched level of financial transparency and reflected the breadth of the president’s business interests.
However, Don Fox, a former acting head of the federal ethics office, noted that while presidents are exempt from conflict of interest laws that apply to most executive branch employees, previous presidents had generally managed their finances as though those rules still applied.
Fox said Trump’s financial arrangements strengthened the case for tighter ethics legislation governing the types of investments future presidents and vice presidents are allowed to hold.
Reuters
