Trump reports over $1.4 billion income from crypto ventures in 2025 disclosure

WASHINGTON: U.S. President Donald Trump reported more than $1.4 billion in income from his family’s crypto ventures last year, according to his 2025 annual financial disclosure filed with the U.S. Office of Government Ethics.

The disclosure showed that Trump’s companies received almost $800 million from World Liberty Financial, a crypto venture co-founded by Trump and his sons. The amount included more than $520 million from crypto token sales and over $250 million from the sale of interests in the World Liberty business.

Trump also reported another $635 million from the sale of his Trump meme coins.

The filings show a sharp rise in income from digital assets. In the previous year’s disclosure, Trump had reported $57.35 million from token sales at World Liberty, which increased about nine times in the latest filing.

Reuters recently estimated that the Trump family has made at least $2.3 billion from crypto-related projects since Trump returned to the White House in 2025.

The report said Trump’s crypto income has grown as his administration introduced policies viewed as favourable by the industry, including federal rules for stablecoins and reduced enforcement pressure from the U.S. Justice Department and the Securities and Exchange Commission.

The White House denied any conflict of interest, saying Trump and his family had not engaged in conflicts and that the administration’s actions were taken in the public interest.

The White House has previously said Trump’s business interests are managed by his children. However, the report said Trump remains the beneficiary of the trust that ultimately receives the income.

Apart from crypto, Trump reported more than $80 million in income from settlements with media companies and $52 million from licensing his name to overseas property developers, mainly through deals with Middle Eastern partners.

His traditional businesses also continued to generate income. Trump reported a 15% rise in revenue from golf and resort facilities to just over $500 million in 2025.

Revenue at Mar-a-Lago in Florida rose to $77 million from $50 million in 2024, while revenue at his golf club in West Palm Beach increased 27%. Revenue at Trump’s Los Angeles course declined.

Trump’s real estate income showed slower growth. The disclosure listed income from around a dozen major commercial real estate ventures, mostly buildings developed or acquired years earlier. For most properties, the 2025 income ranges were the same or lower than those reported a decade earlier.

The Trump Organization said the nearly 1,000-page filing showed its commitment to transparency. 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 ethics laws that bar conflicts of interest for executive branch employees. He said the latest disclosures raised the case for further ethics reforms.