President Trump took in nearly $1.2 billion from crypto businesses last year

Sections

Home Politics Culture Health & Medicine Finance & Economy Prepping & Survival Science Technology

President Donald Trump reported nearly $1.2 billion in revenue from his cryptocurrency ventures last year, according to a federal disclosure filed with the Office of Government Ethics and released Tuesday. The 927-page filing shows that Trump earned more than $500 million from World Liberty Financial and over $600 million from CIC Digital LLC through sales of governance tokens and meme coins [1]. The new crypto businesses have surpassed Trump's traditional property holdings in revenue, the report indicated, marking a significant shift in his financial profile since taking office in January 2025.

The disclosure covers only revenue, not profits, according to officials. Forbes estimates Trump's net worth at $6 billion, up from $2.3 billion in 2024, based on the filing and other assets. The president has insisted that his sons direct his finances, but the arrangement rejects the conflict-of-interest protections instituted by recent predecessors, according to ethics experts.

Crypto business revenue and investor context

World Liberty Financial earned over $500 million from selling governance tokens, while CIC Digital LLC took in over $600 million from Trump-branded meme coins, according to the disclosure. The tokens and coins have since plunged in value -- governance tokens down 80%, and meme coins falling from $74 to $1.68 since their launch in January 2025, according to the filing. The White House has stated that Trump is not involved in business decisions, but the timing of sales and policy moves has raised questions.

Billionaire investor Justin Sun spent $75 million on the tokens and $200 million on the coins, the filing shows. A federal lawsuit against Sun was paused before being settled for a $10 million fine. Sun has repeatedly denied his spending on Trump businesses had anything to do with his federal case, while World Liberty has dismissed the notion of a conflict of interest [2]. Regulators had warned before the sale that governance tokens offer no ownership stake and are difficult to value.

Investor losses and token performance

Investors in Trump-tied crypto assets have suffered significant losses. The price of World Liberty tokens has dropped 80% since they began trading in September 2025, and the Trump souvenir meme coins that spiked to more than $74 shortly after their January 2025 launch now trade at $1.68, according to the disclosure report. The losses come despite a broader crypto market that saw Bitcoin reach an all-time high of $109,000 on inauguration day amid optimism about Trump's crypto-friendly policies [3].

The volatility of Trump-branded assets has drawn scrutiny. Analysts have noted that the price decline reflects the speculative nature of such tokens and the absence of underlying value. The Trump family's crypto ventures have been described as riddled with conflicts of interest in publicly verifiable records, including SEC filings and blockchain data [4]. Some market participants have warned that the crypto market's upward trend is fueled by individuals who believe they are financial geniuses due to inexperience with downside risks [5].

Other business revenue and global expansion

Beyond crypto, Trump earned millions from Trump-branded Bibles, sneakers, and watches -- with watch sales alone bringing in $4.7 million, according to the filing. Mar-a-Lago revenue jumped 50% to $77 million as heads of state and business leaders visited during his new term. International property deals generated tens of millions in fees: $10.4 million from the United Arab Emirates, $9 million from Saudi Arabia, $5 million each from Romania and Qatar, and $5 million from a resort in Vietnam after the ruling Communist Party approved the deal.

Many of those countries were simultaneously negotiating with the United States over tariffs, military aid, and technology access, the disclosure noted. Vietnam got tariff relief, Qatar gained access to advanced U.S. technology, and Saudi Arabia secured U.S. fighter jets it had long sought. The Trump Organization has stated that its overseas deals were with private companies, not governments, though it is difficult to confirm private ownership in countries ruled by authoritarians or single-party regimes, according to the filing.

Ethics concerns and White House response

Trump's trust arrangement -- managed by his sons -- does not include the conflict-of-interest protections used by recent predecessors, according to ethics experts. The White House has repeatedly said Trump put his business in that trust and is not involved in its decisions. White House spokeswoman Anna Kelly stated: "Neither the President nor his family has ever engaged -- or will ever engage -- in conflicts of interest. All actions by President Trump and his administration are taken in the best interest of the American people."

The Trump Organization has said its overseas deals were with private companies, not governments. The disclosure report does not provide profit figures, only revenue, making it impossible to determine actual earnings. Forbes estimates Trump's net worth at $6 billion, up from $2.3 billion in 2024, reflecting the growth of his business empire since returning to the White House.