US President Donald Trump earned more than $1.2 billion from cryptocurrency-related businesses during his first year back in the White House, according to a federal financial disclosure that also highlights the continued expansion of his family’s global business interests.
The 927-page financial disclosure, submitted to the US Office of Government Ethics, provides the most detailed account yet of the president’s finances since returning to office in January 2025. It shows that cryptocurrency ventures have become one of the largest contributors to Trump’s income, surpassing many of the traditional real estate businesses that have long defined the Trump family’s wealth.
Two cryptocurrency projects accounted for most of the reported revenue. World Liberty Financial generated more than $500 million through the sale of governance tokens, which allow holders to vote on certain company decisions but do not represent ownership in the business.
A separate venture tied to the $TRUMP meme cryptocurrency generated an additional $635 million from token sales. The digital token, launched after Trump’s return to office, initially attracted strong investor interest before experiencing a sharp decline in market value.
According to the disclosure, the reported figures represent revenue rather than profit, making it difficult to determine Trump’s personal earnings from the businesses. However, the filing indicates that the president and his family received substantial fees and royalties while many investors experienced significant losses as cryptocurrency prices fell.
The $TRUMP token, which traded above $74 shortly after its launch, has since fallen below $2. Governance tokens issued by World Liberty Financial have also lost around 80% of their value since becoming publicly traded.
Among the prominent investors was cryptocurrency entrepreneur Justin Sun, who reportedly invested $75 million in governance tokens and another $200 million in the $TRUMP and $MELANIA digital coins. Sun has denied any connection between those investments and the later resolution of a US fraud case involving him.
Responding to criticism following the disclosure, White House Principal Deputy Press Secretary Anna Kelly said neither the president nor his family had engaged in conflicts of interest. She said the administration’s actions were aimed at strengthening the United States’ position in the digital asset industry.
The filing also detailed income from Trump’s international real estate projects. Developments in the United Arab Emirates generated approximately $10.4 million during the year, while projects in Saudi Arabia earned about $9 million. Additional developments in Qatar, Romania and Vietnam each generated roughly $5 million.
Trump’s established businesses also continued to perform strongly. His Mar-a-Lago private club in Florida generated approximately $77 million, reflecting increased activity during his second presidential term.
The disclosure also listed revenue from Trump-branded products, including watches, footwear, books and other merchandise. First Lady Melania Trump reported more than $10 million in earnings linked to a documentary project and additional income from her memoir.
Federal law requires the US president and vice president to disclose their assets, income and financial interests annually. The latest filing is expected to draw continued scrutiny from ethics experts and political opponents, who argue that the expanding business activities of a sitting president raise questions about the separation between public office and private commercial interests.
