President Donald Trump reported earning roughly $1.2 billion in revenue last year from cryptocurrency-related businesses, according to a federal financial disclosure released Tuesday. The filing shows crypto ventures now generate more revenue than many of the real estate assets that long defined his business empire.
The disclosure, submitted to the Office of Government Ethics, covers income received during the past year and does not list profits or losses. Still, it outlines a sharp shift in where Trump’s business income is coming from, as newer crypto projects rapidly outpaced long-standing property holdings.
Crypto Revenue Surpasses Real Estate
According to the filing, Trump received more than $500 million from World Liberty Financial, a crypto company that sold new digital products including so-called governance tokens. Another entity, CIC Digital LLC, generated more than $600 million from sales of Trump-branded “meme” coins featuring his likeness.
Both products have since declined sharply in value. World Liberty tokens are down about 80 percent since trading began last fall, while the meme coins, which peaked above $74 earlier this year, now trade at under $2.
Despite those losses for buyers, the sales brought in large upfront revenue for Trump-affiliated companies.
Other Merchandise Sales
The disclosure also shows Trump earned millions from selling branded merchandise while in office, an unusual move for a sitting president. Trump-branded watches alone generated $4.7 million in revenue. The filing also lists income from branded bibles, sneakers, and other consumer products.
Overall, the 927-page disclosure paints a broad picture of Trump’s business activities since returning to office last January, though it does not include expenses or net income.
Forbes currently estimates Trump’s net worth at about $6 billion, up from roughly $2.3 billion in 2024.
Overseas Property Deals Expanded
While crypto dominated revenue growth, Trump’s real estate business also expanded significantly, particularly overseas. The filing shows tens of millions of dollars in fees from new hotel, resort, and condominium deals abroad, marking the largest international expansion in the company’s history.
Properties in the United Arab Emirates generated $10.4 million last year, while a project in Saudi Arabia brought in $9 million. Developments in Romania and Qatar each generated about $5 million.
Some of those deals were finalized while the countries involved were negotiating with the United States on issues such as trade, defense, and technology access.
Domestic Properties Also Grew
Trump’s Mar-a-Lago club in Florida also reported a strong increase in revenue. The property brought in $77 million last year, a 50 percent increase from the year before, as foreign leaders and business figures visited during Trump’s new term.
Again, the filing reports revenue only, making it unclear how much of that income translated into profit.
Policy Shifts and Investor Losses
After returning to office, Trump rolled back several Biden-era policies that had imposed stricter oversight on the cryptocurrency industry. His administration has promoted a more industry-friendly approach, though regulators have continued to warn about risks tied to certain crypto products.
Governance tokens, for example, typically do not provide ownership stakes and can be difficult to value. Despite those warnings, investors poured money into Trump-linked offerings.
One of the largest buyers was crypto entrepreneur Justin Sun, who spent tens of millions on World Liberty tokens and Trump-themed coins. A federal fraud case against Sun was paused and later settled last year, though he has denied any connection between that case and his purchases.
Ethics Questions Persist
The White House has said Trump placed his business interests in a trust managed by his sons and does not participate in day-to-day decisions.
“Neither the President nor his family has ever engaged or will ever engage in conflicts of interest,” White House spokesperson Anna Kelly said in a statement. “All actions by President Trump and his administration are taken in the best interest of the American people.”
The Trump Organization has also said its overseas deals involve private companies, not foreign governments. Critics note that in countries with centralized power, the distinction between private business and government interests can be unclear.
The disclosure highlights how Trump’s business interests have continued to grow and diversify while he is in office, raising ongoing questions about transparency, influence, and the intersection of public policy and private revenue.
FAQs
How much did Trump report earning from crypto?
About $1.2 billion in revenue last year.
Which crypto businesses were involved?
World Liberty Financial and CIC Digital LLC.
Did investors make money on these tokens?
No, both products have dropped sharply in value.
Does the filing show Trump’s profits?
No, it lists revenue but not expenses or profits.
Who manages Trump’s businesses now?
A trust overseen by his sons, according to the White House.
