Donald Trump made more than $1bn from cryptocurrency ventures last year – a sum that dwarfs his earnings from the real estate empire that first made him famous, according to his mandatory financial disclosure for 2025.
The 927-page report, filed with the Office of Government Ethics, reveals that the US president earned $635m in royalties from a Trump-branded meme coin launched days before he took office, and more than $500m from World Liberty Financial, a crypto firm founded by his sons and the children of his special envoy, Steve Witkoff.
“Trump earned over $1bn from crypto in 2025, far exceeding his real estate income, according to his financial disclosure.”
The figures mark a dramatic turnaround for a man who once called Bitcoin a “scam” and a “disaster waiting to happen”. They also far exceed the $600m he disclosed for 2024, before his return to the White House.
Trump’s income from his traditional businesses – the engine of his public persona – was eclipsed by the crypto haul. His Mar-a-Lago club brought in $77m, his Doral golf course $122m, and clubs in Bedminster, New Jersey, Jupiter, Florida, and Turnberry, Scotland, each more than $30m.
He also earned millions from licensing his name to products: $4.7m from Trump-branded watches, along with Bibles, trainers, fragrances and guitars.
First Lady Melania Trump reported $10.7m from a licensing agreement for a documentary about her and $6m from sales of NFTs.
The disclosure also lists $86.5m in settlements from lawsuits, including $16m each from ABC and CBS, $24.5m from Meta, $22m from YouTube, and $8m from X. The White House said most of that money went towards legal costs.
Despite the billions flowing to a sitting president from an industry his administration is actively shaping, the White House denied any conflict of interest. “Neither the President nor his family has ever engaged – or will ever engage – in conflicts of interest,” said deputy press secretary Anna Kelly. She added that all actions were taken “in the best interest of the American people”. Trump himself has noted he is not subject to federal conflict-of-interest laws.
The disclosure raises fresh questions about the line between Trump’s private fortune and public policy – just as his administration pushes to make the US “the crypto capital of the world”.