Federal filing made public on Tuesday showed President Donald Trump earned around $1.4 billion from his cryptocurrency ventures last year, locking in profits as his investors suffered huge losses.
When he took government, these businesses were just starting, but since then, their revenue has surpassed that of his enormous real estate holdings, which took him decades to amass.
Billionaire investors and Trump’s decision to halt a federal crackdown on the sector fueled their ascent.
The mandatory yearly disclosure form with the Office of Government Ethics showed that Trump received over $500 million from his World Liberty Financial company, selling new cryptocurrency products, including “governance tokens.”
Additionally, it was revealed that CIC Digital LLC, another cryptocurrency company, made over $600 million from the sale of souvenir-style “meme” coins bearing his image.
Since the sales, the value of both tokens and coins has drastically decreased.
In another unusual maneuver for the presidency, Trump made millions last year by selling Bibles, sneakers, and other minor products bearing his name. $4.7 million was made from the sale of timepieces bearing the Trump brand alone.
The 927-page disclosure form presents a vivid, if incomplete, picture of the president’s enormous income development since taking office in January of last year through a network of corporate holdings, many of which have profited from the Trump administration’s policy decisions.
Although Trump has insisted that his sons manage his finances, the arrangement disregards the conflict-of-interest safeguards put in place by his recent predecessors.
According to Forbes, Trump’s net wealth increased from $2.3 billion in 2024 to $6 billion.
The Trump company is expanding overseas.
Trump initially came to office boasting of his property victories; the emergence of cryptocurrency in relation to his property is particularly notable.
That primary business also experienced a surge last year, which makes it even more noteworthy.
A flurry of new hotel, resort, and condo transactions overseas brought in tens of millions of dollars for Trump, making it the largest real estate expansion in the century since the family business was established.
While the family business was negotiating, several of those nations were in talks with the United States about tariffs, military assistance, and other significant issues.
Last year, the Trump company made $10.4 million from a property in the United Arab Emirates.
The president’s corporation received $9 million for one in Saudi Arabia that was being constructed by a real estate developer linked to the ruling family.
Additionally, he received $5 million each from one in Qatar and Bucharest, Romania. Mar-a-Lago in Florida, one of his well-known domestic properties, saw significant growth last year as well.
As heads of state and industry flocked to the property during his new term, Trump received $77 million from it, a 50% increase from the year before, when he was just another citizen.
It is impossible to determine how much he is making because the disclosure report only provides revenue rather than profit statistics.
Trump is now the billion-dollar cryptocurrency tycoon.
Trump claimed on Wednesday that the stock market accounted for the majority of his profits from the previous year and that he is simply following the crowd.
“Everyone is making money,” he declared. “I’m making money because I have a lot of cash and money.”
But because of his own actions since taking office, including promoting industry-friendly laws and undoing a regulatory crackdown by the Biden administration, cryptocurrency was undoubtedly the main source of income last year.
Regulators remain concerned. Prior to Trump’s World Liberty starting to sell “governance tokens,” they issued cautions about this new type of cryptocurrency asset, stating that, in contrast to equities, the tokens give no ownership position in the issuing corporation, only the ability to vote on specific corporate policies, and are challenging to value.
Nevertheless, buyers rushed in, including a Chinese tycoon who paid $200 million for the souvenir coins and $75 million for the tokens.
A federal lawsuit accusing him of defrauding investors was put on hold in February of last year before being resolved for a $10 million punishment.
World Liberty has rejected the idea of a conflict of interest, while billionaire Justin Sun has consistently claimed that his expenditures on Trump companies had nothing to do with his federal case.
Investors have witnessed a sharp decline in the value of their Trump-related investment.
Since World Liberty tokens began trading in September, their value has dropped by 80%. Additionally, the Trump souvenir coins, which surged to over $74 in the days following their January 2025 introduction, are currently selling for $1.68.
“Neither the president nor his family has ever engaged—or will ever engage—in conflicts of interest,” spokeswoman Anna Kelly stated.
“All actions by President Trump and his administration are taken in the best interest of the American people.”
The Trump umbrella company, the Trump Organization, has stated that its deals overseas were with private companies, not with governments.
Nevertheless, it is challenging to determine what is truly private in nations ruled by authoritarians, royal families, and one-party governments.
The report reveals that Trump received $5 million last year for a new Trump resort in Vietnam after the ruling Communist Party sent its deputy prime minister to approve the deal and, according to The New York Times, forced farmers off the land to make way for the construction.
It is almost impossible to determine whether the deals changed U.S. policies in ways these countries desired, but the countries did get what they wanted:
Saudi Arabia received U.S. fighter jets it had long desired, Vietnam received tariff relief, and Qatar gained access to cutting-edge U.S. technology that was previously unavailable.
