Donald Trump earned more than £30m from his two golf resorts in Scotland last year – but that sum was dwarfed by his $1.4bn (£1.1bn) haul from cryptocurrency, according to a 927-page financial disclosure released by the US Office of Government Ethics. The president’s mandatory report for 2025 showed $635m in royalties from a Trump meme coin that has plunged in value since launching 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’s crypto ventures have eclipsed income from his property empire, which took decades to build. His Mar-a-Lago club earned $77m, his Doral golf club in Florida $122m, and clubs in Bedminster, New Jersey, Jupiter, Florida, and Turnberry, Scotland each brought in more than $30m. He also earned $4.7m in royalties from Trump-branded watches, plus millions from Bibles, trainers, fragrances and guitars.
“Trump earned over £1bn from crypto in 2025, far exceeding his UK golf resort income and other business ventures.”
The White House denied any conflict of interest. Deputy press secretary Anna Kelly said: “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.”
Trump once criticised cryptocurrency, calling Bitcoin a “scam” and a “disaster waiting to happen”. But his 2025 filing shows he has fully embraced the industry he now calls “the crypto president”. First Lady Melania Trump also disclosed her income: $10.7m from a licence agreement for a documentary about her, and $6m from NFT sales.
The president listed $86.5m in legal settlements, including $16m from ABC, $16m from CBS, $24.5m from Meta, $22m from YouTube, and $8m from X. The White House said most of that money went to legal fees and other costs, though the filing did not detail the recipients.