U.S. President Donald Trump recorded a revenue of close to $1.2 billion from his cryptocurrency ventures last year, according to a federal disclosure released on Tuesday. Despite losses suffered by investors, Trump’s crypto businesses, once fledgling startups, have now outperformed his extensive real estate portfolio accumulated over decades. The surge in revenue was fueled by prominent investors and Trump’s efforts to thwart a government crackdown on the industry.
From his World Liberty Financial business, Trump earned over $500 million by selling new crypto products, including “governance tokens,” as per the mandatory annual report filed with the Office of Government Ethics. Another venture, CIC Digital LLC, raked in more than $600 million from the sale of souvenir “meme” coins bearing his likeness. However, both the tokens and coins have witnessed significant declines in value post-sale.
In addition to his crypto dealings, Trump generated millions in revenue last year from the sale of Trump-branded merchandise like Bibles, sneakers, and watches. The disclosure report, spanning 927 pages, offers a glimpse into the substantial growth of Trump’s wealth since assuming office, primarily through various business interests benefiting from favorable government policies.
Trump’s net worth, estimated by Forbes at $6 billion, has surged from $2.3 billion in 2024. Notably, Trump’s crypto ventures have overshadowed his traditional property investments, with substantial earnings from new hotel, resort, and condo deals abroad. These deals, including properties in the United Arab Emirates, Saudi Arabia, Bucharest, and Qatar, contributed significantly to his growing wealth, amidst negotiations with these countries on crucial matters like tariffs and military aid.
Despite concerns raised by regulators, Trump’s businesses saw robust growth, with significant revenue streams from properties like Mar-a-Lago in Florida. The White House defended Trump’s actions, asserting that his business operations are managed independently by his sons to avoid conflicts of interest. Trump’s reversal of the Biden administration’s tough stance on cryptocurrencies and his pro-industry policies have drawn scrutiny, especially with the declining value of investments tied to his businesses.
The report also sheds light on Trump’s overseas deals, raising questions about potential conflicts of interest in dealings with authoritarian regimes. Trump’s business dealings with foreign entities, like the Trump resort in Vietnam, have raised ethical concerns, given the opaque nature of such transactions and their potential impact on U.S. policies.