Trump disclosure shows more than $1.4 billion from crypto businesses
Trump’s 927-page filing shows more than $1.4 billion from crypto, including $635 million in royalties and hundreds of millions tied to World Liberty Financial. The scale revives conflict-of-interest questions.
A 927-page disclosure released Tuesday by the U.S. Office of Government Ethics shows Donald Trump drew more than $1.4 billion from crypto and memecoin businesses in 2025, a haul that sharpens the conflict-of-interest questions surrounding a president who did not divest his holdings or place them in a blind trust. The filing also shows more than $290 million in income from golf and club properties, underscoring how much of Trump’s wealth still flows through businesses that benefit from his office and his brand.
The biggest gains came from crypto-linked ventures. The disclosure shows about $515 million from sales of tokens tied to World Liberty Financial, plus $65 million from sales of equity in the company’s holding entity. It also lists $635 million in royalties from celebration coins connected to CIC Digital LLC, a structure that pushed Trump’s crypto income far beyond the $1 billion mark and made the digital-asset side of his business empire the most politically fraught source of revenue in the filing.
World Liberty Financial matters not just for the money, but for who built it. The company was co-founded by Trump, his sons and the family of special envoy Steve Witkoff during the 2024 presidential campaign, giving the venture an unusually direct link between private enrichment and public power. The filing lands as Democrats accuse Trump of profiting from the presidency, while the White House says the administration is committed to transparency and that neither Trump nor his family has engaged, or will engage, in conflicts of interest.
The rest of the report shows how broad the income stream remains. More than $290 million came from Mar-a-Lago, Trump National Doral, Bedminster, Jupiter Golf Club and Trump National Washington, D.C. The disclosure also listed stock purchases on Aug. 18, 2025, including Apple, Microsoft and Nvidia, with each trade valued between $5 million and $25 million.
The new filing dwarfs Trump’s earlier financial snapshot. A June 2025 disclosure covering 2024 showed more than $600 million in income from crypto, golf, licensing and other ventures, along with at least $1.6 billion in assets. At 927 pages, the latest report also towers over the final disclosures filed by Barack Obama, Joe Biden and JD Vance, a scale that reflects how sprawling Trump’s financial footprint has become as his presidency and private holdings remain intertwined.
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