Trump made more than $1 billion from cryptocurrencies in his first year in office

2026-07-01 07:30:00, Kosova & Bota CNA

Trump made more than $1 billion from cryptocurrencies in his first year in

US President Donald Trump earned more than $1 billion (£750 million) last year from cryptocurrency business deals, according to his mandatory 2025 financial report.

In a 927-page disclosure, he reported $635 million in revenue from a Trump meme-currency, the value of which has fallen sharply since he launched it days before taking office.

He also reported over $500 million in income from World Liberty Financial, a cryptocurrency firm founded by his sons and the children of his special envoy, Steve Witkoff.

He made millions more from real estate and Trump-themed articles. But the White House denied that he was profiting from the presidency.

The earnings from his latest financial statement far exceed previous ones for 2024, when Trump disclosed over $600 million in income.

But the White House, which has repeatedly stressed that Trump has placed his businesses in a foundation managed by his sons, again denied any conflict of interest.

White House deputy press secretary Anna Kelly said the president had proudly made the US the "cryptocurrency capital of the world."

"Neither the President nor his family have ever been involved - nor will they ever be involved - in conflicts of interest," she said in a statement.

She added: “All actions by President Trump and his administration are taken in the best interest of the American people – and any so-called ‘journalist’ who pushes otherwise is recycling the same tired and false narrative that Democrats and the legacy media have pushed for a decade.”

The president himself has also emphasized that he is not subject to federal conflict of interest laws.

Trump once criticized cryptocurrency, famously calling Bitcoin a "scam" and a "disaster waiting to happen."

But Tuesday's revelation shows that his cryptocurrency profits overshadow the income from his real estate business, which initially catapulted him to fame.

He earned about $77 million from his Mar-a-Lago golf club and $122 million from his golf club in Doral, Florida.

He also won more than $30 million each from golf clubs in Bedminster, New Jersey, and Jupiter, Florida, and Turnberry, Scotland.

Trump also earned millions from other business ventures, according to the financial disclosure.

That included $4.7 million in revenue from Trump-branded watches, along with Trump-branded Bibles, sneakers, fragrances and guitars.
First Lady Melania Trump also listed her income through 2025 in the filing. She earned $10.7 million from a "licensing deal" related to a documentary about her that was released last year.

Another $6 million in revenue is listed to her from the sale of NFTs, which are digital images sold online.

The president listed about $86.5 million in settlement proceeds from various legal actions.

These included $16 million from a lawsuit against ABC, $16 million from CBS Broadcasting and CBS Interactive, $24.5 million from Meta, $22 million from YouTube, and $8 million from X.

But the White House has said that most of this money went to Trump's future presidential library or to a nonprofit organization dedicated to maintaining parks in the Washington, D.C. area.

According to a list of the world's richest people compiled by Forbes magazine, Trump has an estimated fortune of $6 billion - up from $2.3 billion in 2024. The Bloomberg Billionaires Index puts the president's net worth at $7.6 billion.

After his return to the White House, Trump pursued a friendly approach towards the cryptocurrency industry, even as companies linked to his family issued digital tokens./CNA, translated by BBC

The head of the financial regulator, the Securities and Exchange Commission, appointed by Trump, is also seen as an ally of the cryptocurrency industry.

Since taking office in April 2025, Paul Atkins has moved the agency away from the strict, regulations-with-enforcement approach of his predecessor.

Last July, the president signed the GENIUS Act into law to "make America the undisputed leader in digital assets."

At more than 900 pages, Trump's annual disclosure report exceeds those of his predecessors. For example, Joe Biden's financial report for his last full year in office was 11 pages long.