According to his obligatory financial report for 2025, US President Donald Trump generated over $1 billion (£750 million) last year from bitcoin business transactions.
In a 927-page statement, he declared $635 million in royalties from a Trump meme coin that has significantly depreciated since its inception days prior to his inauguration.
He additionally disclosed over $500 million in revenue from World Liberty Financial, a cryptocurrency company established by his kids and the offspring of his special envoy, Steve Witkoff.
He accrued millions in additional revenue from real estate and Trump-branded merchandise. However, the White House refuted claims that he was benefiting financially from the office.
The income from his most recent financial statement significantly exceeds that of prior disclosures for 2024, during which Trump reported over $600 million in earnings.
The White House reiterated its denial of any conflict of interest, consistently asserting that Trump has entrusted his businesses to a trust overseen by his sons.
White House Deputy Press Secretary Anna Kelly stated that the president has confidently established the United States as “the crypto capital of the globe.” The President and his family have neither engaged nor would engage in conflicts of interest,” she stated.
She stated, “All acts by President Trump and his administration are executed in the greatest interest of the American populace, and any so-called ‘reporters’ suggesting otherwise are reiterating the same, worn, false narrative that Democrats and the mainstream media have propagated for a decade.
The president has emphasized that he is exempt from federal conflict of interest regulations.
In 2021, Trump notably denounced cryptocurrency, labeling Bitcoin a “scam” and a “disaster waiting to happen.”
During his presidential campaign three years later, Trump expressed his desire to establish the US as the “crypto capital of the planet.” Upon his return to the White House last year, one of his initial moves was to issue an executive order aimed at “supporting the responsible growth” of the cryptocurrency sector.
Richard Painter, the former chief White House ethics counsel under George W. Bush, said to the BBC that it was “extraordinary” that Trump had generated $1 billion from cryptocurrency. It is undoubtedly a conflict of interest,” he stated.
Will Walker-Arnott, director of private clients at Raymond James Wealth Management, stated, “His approach, I believe, contrasts with that of prior presidents about profit generation. Jimmy Carter placed his peanut farm in a blind trust, and George W. Bush divested his stake in the Texas Rangers prior to assuming the presidency; however, Trump appears to be conducting himself in a markedly different fashion, seemingly profiting significantly from his family’s cryptocurrency enterprise.
Trump-branded Bibles, timepieces, and perfumes
Tuesday’s revelation indicates that his cryptocurrency revenues significantly surpass the income generated from his real estate enterprise, which initially propelled him to prominence.
Trump generated approximately $77 million from his Mar-a-Lago club and $122 million from his golf club in Doral, Florida.
He also generated almost $30 million each from golf courses located in Bedminster, New Jersey; Jupiter, Florida; and Turnberry, Scotland.
According to the financial report, Trump has accrued millions from several business endeavors.
This encompassed $4.7 million in royalties from Trump-branded watches, in addition to Trump-branded Bibles, sneakers, fragrances, and guitars.
First Lady Melania Trump additionally reported her salary for 2025 in the filing. She earned $10.7 million from a licensing arrangement pertaining to the documentary about her released last year.
The selling of NFTs, which are digital photographs marketed online, contributes an additional $6 million in revenue to her.
The president reported around $86.5 million in income from settlements related to various legal proceedings.
The income includes $16 million from a lawsuit against ABC, $16 million from CBS Broadcasting and CBS Interactive, $24.5 million from Meta, $22 million from YouTube, and $8 million from X.
However, the White House has stated that the majority of those funds were sent to Trump’s prospective presidential library or a nonprofit organization focused on the maintenance of park sites in the Washington, D.C. region.
Forbes magazine’s compilation of the world’s wealthiest individuals indicates that Trump’s estimated net worth is $6 billion, an increase from $2.3 billion in 2024. The Bloomberg Billionaires Index estimates the president’s net worth at $7.6 billion.
Upon his return to the White House, Trump embraced a cordial stance towards the cryptocurrency sector, despite enterprises associated with his family launching digital tokens.
The Trump-appointed leader of the Securities and Exchange Commission, a financial regulatory body, is perceived as a supporter of the cryptocurrency sector.
Since assuming office in April 2025, Paul Atkins has transitioned the agency from the stringent, enforcement-centric regulatory strategy of his predecessor.
In July, the president enacted the GENIUS Act to establish America as the preeminent authority in digital assets.
Exceeding 900 pages, Trump’s yearly filing significantly surpasses those of his predecessors. For instance, Joe Biden’s financial report during his final complete year in office comprised 11 pages.
