Trump Crypto Businesses Brought In Nearly $1.2 Billion, Federal Filing Shows
Donald Trump took in nearly $1.2 billion from his crypto businesses last year, according to a federal financial disclosure released Tuesday, marking a major financial windfall for ventures that were still new when he returned to the White House.
The filing, submitted to the Office of Government Ethics, shows that Trump’s crypto ventures have grown into some of the most lucrative parts of his business empire, surpassing much of the real estate portfolio he spent decades building.
According to the disclosure, Trump received more than $500 million from World Liberty Financial, a business selling crypto products that include “governance tokens.” Another company, CIC Digital LLC, reported more than $600 million from sales of Trump-branded meme coins, digital tokens stamped with the president’s image.
Both crypto products have since dropped sharply in value, leaving many investors with losses while Trump reported massive revenue.
Trump Crypto Businesses Drive A Billion-Dollar Windfall
The 927-page financial disclosure offers a limited but revealing look at how Trump’s wealth has grown since returning to office. The report lists revenue, not profit, meaning it does not show exactly how much Trump personally kept after expenses.
Still, the numbers are striking.
Trump’s crypto ventures alone brought in nearly $1.2 billion last year. Forbes now estimates Trump’s net worth at $6 billion, up from $2.3 billion in 2024.
The growth comes as Trump has taken a sharply different approach to crypto than the Biden administration. After taking office, Trump reversed the previous administration’s tougher posture toward the crypto industry and embraced policies friendly to digital asset companies and investors.
That shift came as some of Trump’s own crypto businesses were expanding rapidly.
World Liberty Financial And Meme Coins Fuel The Revenue
World Liberty Financial accounted for more than $500 million in revenue, according to the disclosure. The company sold crypto products including governance tokens, which allow buyers to vote on certain business policies but do not provide ownership in the company like traditional stocks.
Regulators had previously warned that such tokens can be difficult to value and may offer fewer protections for buyers.
Even so, investors bought in heavily.
Among them was Chinese billionaire Justin Sun, who reportedly spent $75 million on World Liberty tokens and $200 million on Trump-branded meme coins. In February last year, a federal lawsuit accusing Sun of misleading investors was paused before later being resolved with a $10 million fine.
Sun has denied that his spending on Trump-linked businesses had anything to do with his federal case. World Liberty has also rejected the idea that there was any conflict of interest.
Meanwhile, the value of Trump-linked crypto products has fallen dramatically. World Liberty tokens have reportedly dropped about 80% since they began trading in September. Trump souvenir coins, which briefly surged above $74 after launching in January 2025, were recently selling for $1.68.
Trump Also Profits From Merchandise And Mar-a-Lago
Crypto was not the only source of revenue listed in the filing.
Trump also reported millions from Trump-branded products, including Bibles, sneakers and watches. The sale of Trump-branded watches alone brought in $4.7 million.
His Florida club, Mar-a-Lago, also saw major growth. The disclosure shows Trump took in $77 million from the property last year, a 50% increase from the previous year.
The jump came as heads of state, political allies and business figures continued visiting the property during Trump’s new term.
Overseas Property Deals Raise New Ethics Questions
The filing also shows new revenue from Trump’s overseas real estate business, which has expanded while several foreign governments were negotiating with the United States on tariffs, military aid, technology access and other major issues.
A Trump property in the United Arab Emirates generated $10.4 million last year. A project in Saudi Arabia, being built by a developer close to the ruling family, brought in $9 million. Trump also reported $5 million each from projects in Bucharest, Romania, and Qatar.
For a new resort in Vietnam, the filing shows Trump took in $5 million after the country’s ruling Communist Party sent its deputy prime minister to sign off on the deal.
The report does not prove that any business deal influenced U.S. policy. But the timing has drawn scrutiny because several countries connected to Trump business ventures also received favorable outcomes from the U.S. government.
Vietnam received tariff relief. Qatar gained access to advanced U.S. technology that had previously been restricted. Saudi Arabia secured U.S. fighter jets it had sought for years.
White House Denies Conflict Of Interest Concerns
The White House has repeatedly said Trump’s businesses are held in a trust managed by his sons and that the president is not involved in daily decision-making.
“Neither the President nor his family has ever engaged — or will ever engage — in conflicts of interest,” White House spokeswoman Anna Kelly said. “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 are with private companies, not foreign governments.
Critics argue that the distinction is not always clear in countries controlled by royal families, authoritarian leaders or one-party governments, where private business interests can be closely tied to state power.
