President Trump earned more than $1.4 billion from his family's crypto-related ventures alone last year, according to a financial disclosure released Tuesday, including from his meme coin business and his family's cryptocurrency firm.
The 927-page filing, his annual disclosure for 2025 with the US Office of Government Ethics, disclosed that Trump made $636 million in royalties from CIC Digital, LLC, a company that issues $TRUMP, a crypto token that he launched three days before taking office for his second term. Almost all of the come came in the form of royalties from a license agreement with Celebration Coins. Trump's meme coin reached its peak value of $74.24 within a day of launching. On Tuesday evening, its price was $1.67, down 98% since inception.
The president also reported almost $600 million in income from token sales by World Liberty Financial, a cryptocurrency company backed by the president and his family, and around $65 million from equity sales in the firm that controls World Liberty Financial. Another $196 million in equity sales of Stablecoin Holdco LLC are also listed. A crypto firm and issuer of tokens, World Liberty Financial was launched during the 2024 presidential campaign. It was co-founded by the president, his sons Eric and Donald Jr. and Zack and Alex Witkoff, the sons of U.S. special envoy and longtime Trump friend Steve Witkoff.
World Liberty Financial's ventures include USD1, a "stablecoin" pegged at $1 per coin that's designed to serve as a store of value. It also sells another crypto product, $WLF tokens, and takes 75% in net revenue from those token sales, according to the company's public reports.
The company drew scrutiny last year, after an Abu Dhabi government-owned wealth fund used the USD1 stablecoin to facilitate a multibillion-dollar investment in the massive crypto exchange Binance. The co-founder of Binance, Changpeng Zhao, received a pardon from Trump for financial crimes. The president has denied any connection between the pardon and the World Liberty Financial transaction, telling CBS News last year: "I don't know who he is."
In response to questions about the financial disclosure, White House spokesperson Anna Kelly told CBS News "there are no conflicts of interest."
"This is the same, tired narrative that Democrats have pushed against President Trump, his family, and his administration for a decade," Kelly said. "President Trump only acts in the best interests of the American public – which is why they overwhelmingly re-elected him to this office, despite years of lies and false accusations against him and his businesses from the fake news media."
The 927-page filing, released Tuesday by the US Office of Government Ethics, provides a view into his sprawling empire, including income from his hotels, golf resorts and cryptocurrency ventures.
Trump's crypto-related income vastly eclipsed his earnings from many of the real estate businesses that helped make him famous. Those included around $77 million in income from his Mar-a-Lago club, $122 million from his golf club in Doral, Florida, and upwards of $30 million apiece from golf clubs in Jupiter, Florida, Bedminster, New Jersey, and Turnberry, Scotland.
The filing offers a detailed accounting of the various other ways the president's name generates money. An ethics official noted that Mr. Trump received a 45-day extension to file the report and "paid late filing fees related to transactions not previously reported" on earlier disclosures.
Trump, who’s worth an estimated $7.6 billion according to the Bloomberg Billionaires Index, valued more than two dozen assets at more than $50 million, including Mar-a-Lago; his Turnberry, Scotland, golf resort; and his stake in Trump Media & Technology Group Corp., which owns his Truth Social platform.
The president reported $4.7 million in royalties from "Trump Watches," along with payments from Trump-branded sneakers, fragrances and guitars. Trump Restaurants LLC, a New York-based entity wholly owned by one of the president's holding companies, reported nearly $2.9 million in food and beverage sales, according to the filing.
And his books continued to pay out - including roughly $1.9 million from "Save America" and smaller sums from "The Art of the Deal," "Letters to Trump," "A MAGA Journey" and an edition of the Bible in collaboration with singer Lee Greenwood.
First lady Melania Trump's ventures also appear. The filing lists more than $10.7 million in net proceeds from a license agreement tied to the film "Melania," about $6 million from the sale of NFTs and other collectibles and additional proceeds from her memoir.
The president also listed several of his legal settlements with tech and media companies, including $16 million from a lawsuit against ABC, $16 million from CBS Broadcasting and CBS Interactive, $24.5 million from Meta, $22 million from YouTube and $8 million from X. Most of that money was paid to his future presidential library or the Trust for the National Mall, not to the president personally.
As with last year's financial disclosure, Trump listed several court judgments against him as liabilities, including a penalty in a civil fraud case brought by New York Attorney General Letitia James and two multimillion-dollar judgements owed to E. Jean Carroll, who accused the president of sexual abuse and defamation. (Trump has denied those allegations.)
The civil fraud judgment was tossed out last year by a panel of appellate judges who found the requirement for him to pay nearly $527 million in fines plus interest was "excessive," though they left non-financial penalties intact. The Supreme Court this week declined to hear Trump's appeal of the jury verdict in the Carroll cases.
Officials disclose the values of their holdings in broad ranges with “over $50 million” the highest, which means that they can’t be used to calculate an individual’s net worth.
The Trump Organization has said that the president’s holdings are independently managed by third-party financial institutions who have control over all investment decisions, with trades executed through automated processes. Trump, his family members and his company play no role in making transactions, according to a spokeswoman.
Trump’s disclosure also showed that he has a new pledged-asset line with Charles Schwab Corp.’s banking business that totals more than $50 million. The line of credit has an interest rate of 3.9%, according to the filing. A spokesperson for the financial firm had no immediate comment.
Last but not least, the document also show Trump reported receiving 10 tickets to the soccer World Cup finals in July from FIFA head Gianni Infantino valued at $15,000, 10 tickets to the US Open tennis tournament from sponsor Rolex worth $25,000, as well as 10 tickets to Super Bowl LIX in New Orleans estimated at $50,000.
Vice President JD Vance also disclosed assets for him and his wife, Usha Vance, worth more than $7 million.
The full filing is below (pdf link)