\n<\/p>\n
US President Donald Trump made more than $1bn (\u00a3750m) last year from business dealings in cryptocurrency, according to his mandatory financial report for 2025.<\/b><\/p>\n
In a 927-page disclosure, he reported $635m in royalties from a Trump meme coin that has plunged in value since he launched it days before taking office.<\/p>\n
He also reported over $500m in income from World Liberty Financial, a cryptocurrency firm founded by his own sons and the children of his special envoy, Steve Witkoff.<\/p>\n
He earned millions more from real estate and Trump-themed items. But the White House denied he was profiting from the presidency.<\/p>\n
The earnings from his latest financial disclosure far outpace the previous ones for 2024, when Trump disclosed over $600m of income.<\/p>\n
But the White House, which has repeatedly emphasised that Trump has placed his businesses in a trust managed by his sons, again denied any conflict of interest.<\/p>\n
White House deputy press secretary Anna Kelly said the president had proudly made the US “the crypto capital of the world”.<\/p>\n
“Neither the President nor his family has ever engaged – or will ever engage – in conflicts of interest,” she said in a statement. <\/p>\n
She added: “All actions by President Trump and his administration are taken in the best interest of the American people \u2013 and any so-called ‘reporters’ pushing otherwise are recycling the same, tired, false narrative that Democrats and the legacy media have been pushing for a decade.”<\/p>\n
The president himself has also highlighted that he is not subject to federal conflict of interest laws. <\/p>\n
Trump once criticised cryptocurrency, famously calling Bitcoin a “scam” and a “disaster waiting to happen”.<\/p>\n
But Tuesday’s disclosure shows his crypto earnings far overshadow income from his real estate business, which first catapulted him to fame.<\/p>\n
He earned around $77m from his Mar-a-Lago club and $122m from his golf club in Doral, Florida.<\/p>\n
He also earned more than $30m each from golf clubs in Bedminster, New Jersey, and Jupiter, Florida, and Turnberry, Scotland.<\/p>\n
Trump also earned millions from other business ventures, according to the financial disclosure.<\/p>\n
These included $4.7m in royalties from Trump-branded watches, along with Trump-branded Bibles, trainers, fragrances and guitars.<\/p>\n
First Lady Melania Trump also listed her income from 2025 in the disclosure. She made $10.7m from a “license agreement” related to the documentary about her that was released last year.<\/p>\n
Another $6m in income is listed for her from the sale of NFTs, which are digital images sold online.<\/p>\n
The president listed some $86.5m of income in settlements from various legal actions.<\/p>\n
These included $16m from a lawsuit against ABC, $16m from CBS Broadcasting and CBS Interactive, $24.5m from Meta, $22m from YouTube and $8m from X. <\/p>\n
But the White House has said most of that money went towards Trump’s future presidential library or a nonprofit dedicated to the upkeep of park sites in the Washington DC area.<\/p>\n
According to a list of the world’s richest people compiled by Forbes magazine, Trump has an estimated fortune of $6bn – up from $2.3bn in 2024. Bloomberg’s Billionaire’s Index puts the president’s net worth at $7.6bn.<\/p>\n
After his return to the White House, Trump adopted a friendly approach to the crypto industry, even as companies linked to his family issued digital tokens.<\/p>\n
The Trump-appointed head of financial regulator, the Securities and Exchange Commission, is also seen as an ally of the crypto industry.<\/p>\n
Since taking office in April 2025, Paul Atkins has shifted the agency away from the strict, regulation-by-enforcement approach of his predecessor.<\/p>\n
Last July, the president signed the GENIUS Act into law, to make “make America the undisputed leader in digital assets”.<\/p>\n
At more than 900 pages, Trump’s annual filing dwarfs those of his predecessors. For example, Joe Biden’s financial report for his last full year in office was 11 pages long.<\/p>\n<\/div>\n