WASHINGTON: US President Donald Trump reported earning more than $1.4 billion from his family’s cryptocurrency ventures in 2025, according to his latest financial disclosure filed with the US Office of Government Ethics.
The filing shows that Trump’s companies generated nearly $800 million from World Liberty Financial, a crypto business co-founded by Trump and his sons. The reported income, which is shared with family members, included more than $520 million from crypto token sales and over $250 million from the sale of ownership interests in the company.
Trump also disclosed an additional $635 million in earnings from the sale of his Trump meme coins, highlighting the growing importance of digital assets to his personal wealth.
The latest disclosure marks a sharp increase from the previous year, when Trump reported $57.35 million in income from World Liberty Financial token sales.
According to a recent Reuters estimate, the Trump family has earned at least $2.3 billion from cryptocurrency-related ventures since Trump returned to the White House in 2025.
Since taking office, the Trump administration has introduced several policies viewed by the cryptocurrency industry as favourable, including federal regulations for stablecoins and reduced enforcement actions by the US Department of Justice and the Securities and Exchange Commission.
Beyond cryptocurrency, Trump reported more than $80 million in income from legal settlements with media companies and $52 million from licensing his name to overseas property developers, with much of that revenue linked to projects in the Middle East.
Responding to concerns over potential conflicts of interest, White House spokesperson Anna Kelly said, “Neither the president nor his family has ever engaged or will ever engage in conflicts of interest.”
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.”
Although cryptocurrency accounted for the largest share of Trump’s reported earnings, his traditional real estate, golf course and resort businesses continued to generate substantial revenue.
The filing showed a 15 per cent increase in revenue from Trump’s golf courses and resorts, surpassing $500 million in 2025. Revenue at his Mar-a-Lago club in Florida rose to $77 million, up from $50 million the previous year, while his golf club in nearby West Palm Beach also recorded strong growth. Revenue at his Los Angeles golf course declined during the same period.
The nearly 1,000-page disclosure also detailed income from numerous commercial real estate holdings, although earnings from several long-held properties remained largely unchanged or declined compared with previous years.
A spokesperson for the The Trump Organization said the filing “further underscore[s] our commitment to transparency” and described it as one of the most comprehensive financial disclosures ever submitted by a US president.
Meanwhile, Don Fox, former acting head of the US Office of Government Ethics, noted that presidents are exempt from federal conflict-of-interest laws that apply to other executive branch officials.
“Every president in the post-Watergate era has managed his finances as though he were subject to conflicts of interest,” Fox said.
“With Trump, those norms are just totally out the window.”
He added, “He makes the case better than anyone that it’s time for additional ethics reforms. I think in terms of legislation, one thing that could be done would be to limit the types of investments he and the vice president … can hold.”
