President Donald Trump earned nearly $1.2 billion from his cryptocurrency ventures last year, according to a federal report released on Tuesday. His earnings from these businesses now surpass much of his extensive property portfolio, accumulated over decades. Trump capitalized on billionaire investors and halted federal actions against the crypto industry, contributing to this surge.
A report from the Office of Government Ethics highlighted that Trump’s company, World Liberty Financial, generated over $500 million by offering new crypto products such as governance tokens. Additionally, another venture, CIC Digital LLC, amassed more than $600 million through the sale of collectible meme coins featuring Trump’s likeness. However, both the tokens and coins have decreased significantly in value since being sold.
Beyond his crypto ventures, Trump made millions from selling Trump-branded merchandise. For example, Trump-branded watches alone earned $4.7 million last year. Yet, the overall picture of Trump’s wealth is complex. His disclosure form, which is 927 pages long, illustrates substantial financial growth since assuming office, driven by various business interests benefiting from Trump’s governmental policies.
Trump claims his sons manage his financial endeavors, avoiding conflict of interest issues that past presidents have addressed. Forbes estimates Trump’s net worth has increased to $6 billion from $2.3 billion in 2024.
International Ventures
Trump’s international real estate ventures have also thrived. This growth is noteworthy as Trump initially entered politics highlighting his property successes. While his property business expanded, generating tens of millions in fees through new hotel, resort, and condo projects overseas, his revenue from properties has significantly increased.
Properties in the United Arab Emirates earned $10.4 million, while a Saudi Arabian real estate project brought in $9 million. Additionally, ventures in Bucharest and Qatar contributed $5 million each. Mar-a-Lago, one of Trump’s notable domestic properties in Florida, saw a considerable increase, earning $77 million, reflecting a 50% rise from the previous year.
Crypto Industry Policy
Upon taking office, Trump altered the prior administration’s strict stance on the crypto industry. Although supportive policies were put in place, regulatory bodies still expressed concerns. Before World Liberty began selling governance tokens, regulators flagged risks associated with these assets, noting their lack of ownership stakes and valuation challenges.
Investors eagerly acquired Trump-related crypto assets, with a Chinese billionaire spending $75 million on tokens and $200 million on meme coins. However, the meme coin’s value plummeted from $74 to $1.68, and World Liberty tokens have depreciated by 80% since trading began.
Diverse Business Interests
The White House asserts Trump’s actions are in the public interest and his businesses are managed in a trust by his sons. The Trump Organization states that foreign deals are with private firms and not government entities. However, distinguishing between private and governmental entities in certain countries is challenging.
For instance, a new Trump resort in Vietnam earned $5 million following a deal involving a high-ranking government official. Changes in U.S. policies aligning with these countries’ desires, such as tariff relief for Vietnam and technology access for Qatar, remain speculative.
Note: A previous version of this article inaccurately stated that the disclosure form was released on Monday.