Donald Trump earned more than $2.2bn in 2025, according to a 927-page financial disclosure released by the US Office of Government Ethics on Tuesday. The bulk of this income came from crypto ventures, which have now eclipsed much of his vast property portfolio, sparking alarm over potential conflicts of interest.
Crypto Revenue Dominates
Trump’s crypto businesses generated over $1bn last year. World Liberty Financial brought in more than $500m from sales of new crypto products, including “governance tokens.” Another venture, CIC Digital LLC, earned over $600m from “meme” coins featuring Trump’s image, launched just before his inauguration.
These figures mark a dramatic rise from when many of these ventures were startups at the start of Trump’s second term. The growth has been fueled by billionaire investors and Trump’s push to ease federal crypto regulations.
Property and Other Income
Despite crypto’s dominance, Trump’s property portfolio still generated significant revenue. International deals included $10.4m from a UAE property, $9m from a Saudi Arabia development, and $5m each from projects in Romania and Qatar. These countries were simultaneously negotiating with the US on tariffs and military aid.
Trump also earned millions from branded merchandise: $4.7m from watches, plus income from Bibles, trainers, and other items. Additionally, he received over $86m in legal settlements from media companies including ABC, CBS, YouTube, Meta, and X.
Conflict of Interest Concerns
Critics have raised alarms about the overlap between Trump’s business interests and his presidential duties. The disclosure comes amid separate controversy over a new Air Force One plane gifted by the Qatari royal family, which some see as an influence attempt.
White House spokesperson Anna Kelly defended Trump, stating: “Neither the president nor his family has ever engaged – or will ever engage – in conflicts of interest. President Trump proudly made the United States the crypto capital of the world through executive actions.”
California Governor Gavin Newsom, a potential 2028 presidential candidate, criticized the disclosure: “He got richer. His crypto supporters got rug-pulled.”
Trump’s Response
When asked about the disclosures, Trump told reporters: “I don’t get involved in my personal [finances]. We have funds that run my money.” He made the comments before his first flight on the new Qatari-gifted Air Force One.
The White House has previously stated that Trump’s business interests are managed by his sons while he is in office.
Market Decline
Despite Trump’s personal gains, the value of his crypto tokens and coins has plunged since their initial sales, raising questions about the sustainability of this revenue stream.
