President Trump earned more than $1 billion from cryptocurrency ventures during his first year back in office, according to the mandatory annual financial disclosure the U.S. Office of Government Ethics released Tuesday. The 927-page filing catalogs $635 million in royalties tied to the TRUMP memecoin, more than $500 million from token sales by World Liberty Financial and total income of at least $2.2 billion. No wrongdoing is alleged.
The report offers the first official accounting of how deeply the Trump family business has moved into digital assets since the president returned to the White House in January 2025, and it dwarfs the roughly $600 million he reported for 2024. Forbes now pegs his fortune at $6 billion, up from $2.3 billion a year earlier; Bloomberg's Billionaire's Index puts it at $7.6 billion.
The crypto ledger
The $635 million in royalties flowed from a vehicle described in the filing as Celebration Coins, which BBC and CBS News identified as the entity behind the $TRUMP token launched three days before the inauguration. Bloomberg reported the royalties were related to CIC Digital LLC, CNBC said. The meme coin peaked at $74.24 within a day of its January 2025 debut; by Tuesday evening it traded at $1.67 on Coinbase, according to CBS News.
World Liberty Financial, the family-linked crypto firm co-founded by Eric and Donald Trump Jr. and by Zack and Alex Witkoff, sons of special envoy Steve Witkoff, generated more than $500 million in token-sale income. The disclosure adds about $65 million from equity sales in the holding company that controls World Liberty Financial and $196 million in equity sales tied to Stablecoin Holdco LLC.
Real estate eclipsed
The crypto totals overshadow the real-estate empire that first made the president famous. Mar-a-Lago produced about $77 million; the Trump National Doral course in Florida brought in $122 million; the clubs in Bedminster, N.J., Jupiter, Fla., and Turnberry, Scotland, each cleared more than $30 million.
Royalty deals fill out the rest of the ledger. Trump Watches paid $4.7 million. Sneakers-and-fragrances licensing added $67,634, a Lee Greenwood Bible collaboration netted $208,486 and a "'45' Guitar" endorsement returned $35,920, CNBC reported. Publishing agreements for "Letters to Trump," "Save America" and "A MAGA Journey" paid $590,730, $1.9 million and $552,685, respectively.
Legal settlements and stocks
The president listed $86.5 million in settlements from tech and media companies, including $16 million from ABC, $16 million from CBS, $24.5 million from Meta, $22 million from YouTube and $8 million from X. Most of that money was directed to a future presidential library or the Trust for the National Mall rather than to the president personally, CBS News reported.
CNBC flagged three stock purchases on Aug. 18, 2025, each valued between $5 million and $25 million: Apple, Microsoft and Nvidia. The Nvidia trade came a week after the president announced that Nvidia and AMD had agreed to hand the U.S. government 15 percent of their H20 chip sales to China in exchange for export approval.
The counterpoint
The White House rejected any suggestion that the filing exposes a conflict. Deputy press secretary Anna Kelly said the president had proudly made the United States "the crypto capital of the world," adding that "neither the President nor his family has ever engaged - or will ever engage - in conflicts of interest." Kelly dismissed the coverage as "the same, tired narrative that Democrats have pushed against President Trump, his family, and his administration for a decade." Trump has also noted that the president is not subject to federal conflict-of-interest laws, and the White House has emphasized that his businesses sit in a trust managed by his sons.
The next test for the disclosure regime will be the Office of Government Ethics review of the periodic transaction reports Trump filed late, for which the filing says he paid late fees; the standard late fee is $200 per lapse.