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US President Donald Trump earned more than $1.4 billion from cryptocurrency ventures in 2025, according to his annual financial disclosure released on Wednesday, highlighting how digital assets have become the biggest driver of his personal wealth during his second term in office.
The 927-page filing submitted to the US Office of Government Ethics showed that Trump’s crypto-related businesses generated significantly more income than his traditional real estate empire, with hundreds of millions of dollars coming from his official meme coin and the Trump family-backed crypto platform World Liberty Financial.
The disclosure is likely to intensify scrutiny over potential conflicts of interest as the Trump administration continues to pursue policies widely viewed as favourable to the cryptocurrency industry. The White House, however, rejected allegations that the president’s business interests have influenced government policy.
Meme coin generated $635 million
The filing showed that Trump earned more than $635 million through royalties tied to a licensing agreement for his official meme coin, TRUMP, which debuted on the Solana blockchain just days before he returned to the White House in January 2025.
The earnings were attributed to a licensing agreement with a company identified as Celebration Coins. The disclosure offered little additional information about the company, and reports said it has virtually no public digital footprint.
The meme coin initially surged to a multi-billion-dollar valuation following its launch before losing most of its value in the months that followed. Despite the sharp decline in the token’s market price, the licensing arrangement generated one of the largest single sources of income disclosed by the president.
World Liberty Financial added nearly $800 million
Trump’s family crypto venture, World Liberty Financial, accounted for another major portion of his digital asset earnings.
According to the disclosure, companies linked to Trump received nearly $800 million from the venture. That included more than $520 million from crypto token sales and over $250 million from the sale of equity interests in the business. The filing also reported more than $290 million in income associated with cryptocurrency wallets linked to World Liberty Financial.
Earlier disclosures had shown World Liberty Financial generated just over $57 million from token sales, underscoring the rapid growth of the business during 2025.
The filing also revealed that Trump personally held more than $50 million worth of Bitcoin and between $5 million and $25 million worth of Ethereum, along with other digital assets.
Crypto eclipses Trump’s traditional businesses
The latest disclosure underscores a dramatic shift in Trump’s sources of wealth, with cryptocurrency now overtaking real estate as his biggest income generator.
His traditional businesses nevertheless continued to perform strongly. Revenue from Trump’s golf courses, clubs and resorts exceeded $500 million during 2025, representing a notable increase from the previous year.
Mar-a-Lago, Trump’s private club in Florida that has frequently served as a venue for political meetings during his second term, reported revenue of approximately $77 million, up sharply from around $50 million a year earlier. Revenue also increased at his nearby West Palm Beach golf club, although his Los Angeles golf property recorded lower income.
Before the latest filing, Forbes estimated Trump’s net worth at around $6 billion, while Bloomberg placed it at roughly $7.6 billion.
White House dismisses ethics concerns
Trump’s growing involvement in the cryptocurrency sector has drawn criticism from Democratic lawmakers and ethics experts, who argue that his administration’s crypto-friendly policies could directly benefit businesses linked to the president and his family.
Unlike several of his predecessors, Trump did not divest his business interests or place them in a blind trust before returning to office. The Trump Organization has maintained that the president’s assets are managed by third-party financial institutions using automated technology, although Trump remains the beneficiary of the trust that ultimately receives the income.
Responding to the criticism, White House spokesperson Anna Kelly said in a statement: “Neither the President nor his family has ever engaged — or will ever engage — in conflicts of interest.”
She added that Trump had “proudly made the United States the crypto capital of the world” through executive actions, support for legislation such as the GENIUS Act and policies aimed at promoting innovation and economic opportunity.
Don Fox, a former acting director of the US Office of Government Ethics, said presidents are exempt from federal conflict-of-interest laws that apply to most executive branch officials. He argued that previous presidents had nevertheless sought to avoid even the appearance of conflicts, while Trump’s approach marked a significant departure from those norms.
Other notable disclosures
Beyond cryptocurrency, the filing revealed several other significant sources of income.
First Lady Melania Trump reported earning more than $10 million from licensing her image for the documentary Melania.
The disclosure also listed more than $80 million in proceeds from legal settlements involving ABC, CBS, Meta, YouTube and other companies. According to the filing, those proceeds were directed to the Donald J. Trump Presidential Library Foundation.
In addition, Trump disclosed receiving thousands of dollars’ worth of complimentary tickets to sporting events from organisations including FIFA, NASCAR, PGA of America and UFC.
With inputs from agencies.
