President Trump reaped a stunning windfall in his first year back in the White House, including about $1.4 billion from his family’s cryptocurrency businesses, a new filing shows.
All told, the president pulled in at least $2.2 billion, a figure that includes other parts of his vast holdings, such as his real estate assets. That compares to a minimum of $622 million his enterprises pulled in for all of 2024, before he returned to the presidency.
One of his biggest hauls in 2025 came when an investment firm tied to the United Arab Emirates bought nearly half of the Trump family’s main crypto company, World Liberty Financial, a transaction that blurred the line between foreign policy and private enterprise.
Mr. Trump also collected hundreds of millions of dollars from sales of his $TRUMP memecoin and World Liberty’s sale of its own digital tokens.
The results, detailed in Mr. Trump’s mandatory financial disclosure report for 2025 and released on Tuesday, pulled back the curtain on the president’s business operations. His crypto ventures, the report shows, are now some of his most lucrative enterprises, a remarkable turnabout for a man who once slammed crypto as a haven for drug dealers and scammers.
The president’s finances, which had been something of a mystery, highlight a conflict in his crypto business: Mr. Trump is a major crypto industry operator and its top policymaker.
It is hardly the only issue to arise from having a businessman serve as president. The president’s family business, the Trump Organization, has also capitalized on Mr. Trump’s popularity in certain parts of the world, licensing the Trump name to properties in countries that are crucial to U.S. foreign policy interests, including Saudi Arabia and Qatar.
Those two deals alone generated more than $14 million for Mr. Trump last year, the filing shows.
The White House did not immediately respond to a request for comment, though in the past, Mr. Trump has noted that he is exempt from federal conflict of interest laws.
Anna Kelly, a White House spokeswoman, said in a recent statement that Mr. Trump “only acts in the best interests of the American public,” and that “there are no conflicts of interest.”
Although the report released on Tuesday offered revenue figures for Mr. Trump’s crypto and real estate ventures, it did not reveal whether all of the businesses turned a profit or a loss, which is consistent with his previous filings.
The report also offers little clarity on the president’s net worth, much of which is tied to estimated property values and the fluctuating paper worth of crypto assets and his stock portfolio. For his largest assets, including cryptocurrency and real estate, Mr. Trump reported a minimum valuation of $50 million with no upper limit.
The president’s shares in his own publicly traded social media company, Trump Media & Technology Group, are worth about $875 million, according to other public filings, representing one of the single greatest sources of the president’s net worth. (Those shares have plummeted over the last year, eroding some of his net worth.)
But it was Mr. Trump’s crypto business that proved to be a top revenue stream.
Once an outspoken skeptic of crypto, Mr. Trump embraced the industry on the campaign trail in 2024 and started a series of ventures that have reaped enormous sums.
With his three sons, he helped create World Liberty, a crypto firm that sells a digital currency called $WLFI.
Last year, World Liberty marketed its coin to investors around the world, with 75 percent of each sale allocated to a Trump business entity, after the deduction of certain expenses, guaranteeing the president would make money even if the value of the token declined. The president received about $500 million from those sales last year, according to the filing, compared with $57 million in 2024.
World Liberty enriched the Trump family in other ways, as well.
In January 2025, days before Mr. Trump’s inauguration, an investment firm tied to the government of the U.A.E. bought a 49 percent stake in World Liberty, raising a slew of ethical concerns. Soon the Emiratis struck a deal with the Trump administration — over the objections of some national security officials — for the export of valuable computer chips that power artificial intelligence.
The filing released Tuesday did not explicitly refer to the deal, but it mentioned unnamed investments that generated more than $200 million for Mr. Trump.
The other major source of Mr. Trump’s crypto wealth was his memecoin, a novelty currency known as $TRUMP that he started selling days before his inauguration. He earned more than $600 million from sales of the coin, according to the filing.
The coin’s price shot up briefly, before plummeting, with its price recently hovering around $1.67, a roughly 80 percent drop from a year ago.
The Trump family also continued to pull in chunks of money from real estate branding deals, the new report showed, including some in the Middle East that generated a minimum of $35 million in revenue last year. Deals in Vietnam and Romania, as well as older ones in India, Turkey and Indonesia, combined to bring in at least another $20 million.
And the president’s major real estate holdings in the United States, like Trump National Golf Club near Miami, pulled in $122 million in revenue, while his Mar-a-Lago club generated a total of $77 million for him, the report said.
Now that Mr. Trump is flush with cash, and now that he has eliminated some of his long-running legal problems, he has reduced the liabilities on his balance sheet, including after an appeals court overturned a nearly half-billion-dollar legal judgment stemming from a civil fraud case in New York.
The disclosure report shows that Mr. Trump still owes more than $50 million to the writer E. Jean Carroll, who accused him of sexually abusing and defaming her. The Supreme Court on Monday declined the president’s request to review one of the judgments Ms. Carroll secured against him.
The financial disclosure captured several other legal wins for Mr. Trump, including payouts he collected from media and technology giants like ABC News, Paramount and Meta. ABC settled a defamation lawsuit, while Paramount agreed to pay him over the editing of an interview on the CBS News program “60 Minutes.” Meta settled a lawsuit he filed over the suspension of his Facebook and Instagram accounts after the Jan. 6, 2021, riot at the Capitol.
The disclosure also captured gains in Mr. Trump’s investments in the financial markets. While these numbers appear in wide ranges, making it difficult to decipher meaningful trends or specific amounts, they suggest that Mr. Trump continues to get richer as president.
At the end of last year, the disclosure shows, he held investment assets of at least $857 million, compared with a minimum reported value of $236 million the year prior.
