U.S. President Donald Trump reported more than $1.4 billion in income from crypto ventures in 2025, according to his latest annual financial disclosure filed with the U.S. Office of Government Ethics.
The 927-page disclosure, released Tuesday, offers one of the clearest pictures yet of how digital assets have become a major part of Trump’s business empire during his return to the White House. The figures also show that crypto-related income now far exceeds many of the traditional real estate, golf, and branding businesses long associated with the Trump name.
Trump’s crypto meme coin brought in $635 Million
One of the largest sources of income listed in the disclosure came from Trump’s meme coin, known as $TRUMP. The filing shows $635 million in income tied to sales of the Trump-branded digital token.
The coin entered the market just days before Trump took office for his second term. Like many meme coins, it surged on publicity and political attention before losing much of its earlier value.
The disclosure also points to substantial revenue from World Liberty Financial, a cryptocurrency company connected to Trump’s family. Trump’s companies received almost $800 million from the venture, including more than $520 million from token sales and more than $250 million from the sale of interests in the business.
Members of the Trump family and figures connected to the family of Steve Witkoff, Trump’s special envoy, founded World Liberty Financial. The company has since become one of the most prominent examples of the Trump family’s expansion into digital finance.
The scale of the crypto income marks a sharp increase from Trump’s previous filings. In 2024, he reported income of more than $600 million across his business interests, while crypto accounted for a much smaller share of his disclosed earnings.
Trump’s crypto gains raise conflict-of-interest questions
The disclosure is likely to intensify questions over whether Trump’s private business interests intersect with his public role as president, particularly as his administration continues to support the crypto industry. The White House has repeatedly denied any conflict of interest, saying Trump’s sons manage his businesses through a trust.
White House deputy press secretary Anna Kelly said the president had made the United States the “crypto capital of the world” and rejected claims that his family’s business interests affect administration policy. Kelly said Trump acts in the interest of the American people and criticized reporters who raise conflict questions as promoting a false political narrative.
Golf clubs and real estate still generated millions
Although crypto dominated the new disclosure, Trump’s older business lines continued to generate large sums. The filing shows around $77 million in revenue from Mar-a-Lago, Trump’s private club in Palm Beach, Florida. His golf club in Doral, Florida, generated $122 million.
Several other golf properties also brought in major income. Trump reported more than $30 million from each of his clubs in Bedminster, New Jersey; Jupiter, Florida; and Turnberry, Scotland.
The disclosure also lists millions of dollars in income from licensing and branded products. Trump reported $4.7 million in royalties from the use of his name on products including watches, sneakers, fragrances, and guitars. Those figures underline the continued value of the Trump brand, even as crypto has become the fastest-growing source of his reported income.
Family’s digital asset income surged since 2024
A recent Reuters analysis estimated that the Trump family has made $2.3 billion from crypto-related ventures since mid-2024, with little downside risk.
The same analysis found that other investors lost an estimated $2.3 billion, including paper losses, through the end of April.
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