US President Donald Trump earned more than $1 billion (£750 million) last year from cryptocurrency-related business activities, according to his mandatory financial disclosure for 2025.

The 927-page report details $635 million in royalties from a Trump-branded meme coin that has declined in value since its launch three days before Trump took office. Additionally, Trump reported over $500 million in income from World Liberty Financial, a cryptocurrency firm founded by his sons and the children of his special envoy, Steve Witkoff. This venture reportedly provides Trump and his family with 75% of the company's proceeds.

Beyond crypto, Trump also earned millions from real estate, Trump-themed Bibles, watches, and other merchandise. His crypto earnings have eclipsed much of his property portfolio revenue, which took decades to build.

The White House denied any ethical concerns or conflicts of interest related to these earnings. Deputy press secretary Anna Kelly stated, "Neither the President nor his family has ever engaged - or will ever engage - in conflicts of interest." She added that Trump had proudly made the US "the crypto capital of the world" through executive actions and supportive legislation such as the GENIUS Act.

Kelly further criticized media reports suggesting otherwise as "recycling the same, tired, false narrative that Democrats and the legacy media have been pushing for a decade."

Trump's crypto ventures, including CIC Digital LLC which sold over $600 million in Trump-themed meme coins, and World Liberty Financial, have substantially increased his annual income compared to his 2024 disclosure of over $600 million.

Sources