US President Donald Trump reported more than $1.4 billion in income from his family’s cryptocurrency ventures in 2025, according to a review of his latest financial disclosure filed with the US Office of Government Ethics. The filing shows that digital assets accounted for the largest share of his reported earnings, with major revenue coming from the family’s crypto company and the sale of Trump-branded digital tokens.
The annual disclosure showed that Trump’s companies received nearly $800 million from World Liberty Financial, a cryptocurrency venture co-founded by Trump and his sons. The reported income included more than $520 million from crypto token sales and more than $250 million from selling interests in the World Liberty business. The income is shared among family members, according to the disclosure.
Trump also reported another $635 million in income from sales of his Trump meme coins, adding to the earnings generated from his digital asset ventures. The figures represent a sharp increase from his previous disclosure, when Trump reported $57.35 million from token sales at World Liberty, according to the filing.
Reuters previously estimated that the Trump family had earned at least $2.3 billion from crypto-related projects since Trump returned to the White House in 2025. The increase in crypto-related income comes after Trump introduced policies and initiatives that the cryptocurrency industry viewed as supportive, including federal rules for stablecoins and changes to enforcement approaches by the US Justice Department and the Securities and Exchange Commission.
In addition to cryptocurrency earnings, Trump reported more than $80 million in income from settlements involving various media companies and $52 million from licensing his name to overseas property developers. The licensing income was driven primarily by agreements with Middle Eastern partners, according to the disclosure.
White House spokesperson Anna Kelly said in a statement that neither Trump nor his family had engaged, or would engage, in conflicts of interest. Kelly said Trump had made the United States the “crypto capital of the world” through executive actions and added that actions by the president and his administration were taken in the interest of the American people.
The White House has previously said Trump’s business interests are managed by his children. However, Trump remains the beneficiary of the assets held in the trust that receives income from those interests.
While cryptocurrency was the largest contributor to Trump’s reported income, his traditional businesses, including golf courses and resorts, continued to generate significant revenue. Trump reported a 15 per cent increase in revenue from his golf and resort properties, reaching more than $500 million in 2025.
Revenue at Trump’s Mar-a-Lago club in Florida increased to $77 million from $50 million in 2024. His golf club in nearby West Palm Beach also recorded a 27 per cent rise in revenue, while revenue declined at his Los Angeles golf course during the year.
Trump’s real estate holdings, which were central to his business career before entering politics, showed less significant growth. The disclosure reported income from 12 major commercial real estate ventures, mainly involving properties built or acquired decades earlier. The filing provided income ranges rather than specific rental figures for properties such as Trump Tower in New York, with most ranges remaining unchanged or lower compared with figures reported a decade earlier.
A spokesperson for The Trump Organization said the nearly 1,000-page disclosure demonstrated a commitment to transparency and represented one of the most comprehensive financial disclosure reports submitted by a president. World Liberty Financial declined to comment.
Don Fox, a former acting head of the federal ethics office, said presidents and vice presidents are exempt from federal conflict-of-interest laws that apply to other executive branch employees. Fox said Trump’s financial arrangements had challenged longstanding practices followed by previous presidents and suggested additional ethics reforms could be considered through legislation.
