Donald Trump amassed at least $2.2 billion (£1.6 billion) in revenue during his first year back in the White House, with the bulk coming from his family's cryptocurrency ventures, according to newly released financial disclosure records. The figures, which represent a nearly fourfold increase over his 2024 reported revenue, have reignited accusations that Trump is profiting from his presidency.
Crypto Windfall Dominates Trump's Income
The 927-page disclosure reveals that Trump's cryptocurrency holdings generated at least $1.4 billion (£1.05 billion) in income. A significant portion came from the Trump meme coin ($TRUMP), launched days before his inauguration, which alone contributed $635 million (£479 million) in royalties—surpassing his entire 2024 revenue of at least $622 million (£469 million). Additionally, World Liberty Financial, the Trump family crypto firm founded by his sons and the children of special envoy Steve Envoy, added more than $500 million (£377 million) to his income.
Traditional Businesses Also See Growth
Trump's established ventures also reported substantial revenue increases. Mar-a-Lago, his Florida resort, earned $77 million (£58 million), a $27 million (£20 million) rise from 2024. The Trump National Doral golf club in Miami generated $122 million (£92 million), an increase of $11 million (£8 million) from the previous year.
White House Denies Conflict of Interest
Despite widespread criticism, the White House has denied any impropriety. Deputy press secretary Anna Kelly stated: "Neither the President nor his family has ever engaged - or will ever engage - in conflicts of interest." She added that all administration actions are taken "in the best interest of the American people" and dismissed allegations as a "false narrative."
Comparison to Predecessors
Financial experts have noted the stark contrast with previous presidents. Will Walker-Arnott, director of private clients at Raymond James Financial Group, told the BBC: "Jimmy Carter put his peanut farm into a blind trust and George W Bush sold his interest in the Texas Rangers before becoming president, but Trump seems to be operating in a very different manner and seems to be making a lot of money through this family crypto company."
