President Donald Trump recorded around $1.2 billion in crypto-related income on a financial disclosure released Tuesday, including $635 million listed as royalties from a meme-coin issuer, the filings show in a 927-page document released by the U.S. Office of Government Ethics.
The disclosure says the $635 million in royalties came under a licensing agreement tied to the $TRUMP cryptocurrency, which was launched just hours before the president’s inauguration in January 2025, reached a peak value of $74.24 within a day of launching and was $1.67 on Tuesday evening, according to Coinbase.
The disclosure shows about $580 million connected with World Liberty Financial, a company the filings say was co-founded in September 2024 by the president’s sons and the son of special envoy Steve Witkoff, and that World Liberty launched a USD1 stablecoin in March 2025.
Other entries in the filings include more than $500 million in income from token sales by World Liberty Financial, about $65 million in equity sales tied to the firm that controls World Liberty Financial, $196 million in equity sales of Stablecoin Holdco LLC and more than $290 million classified as income from cryptocurrency wallets associated with World Liberty.
White House spokeswoman Anna Kelly defended the disclosures, saying, "Neither the president nor his family has ever engaged — or will ever engage — in conflicts of interest," and adding that the president had "proudly made the United States the crypto capital of the world through executive actions, supporting legislation like the GENIUS Act, and other commonsense policies to drive innovation and economic opportunity for all Americans," while calling critical coverage "the same, tired, false narrative that Democrats and the legacy media have been pushing for a decade."
Trump brushed off questions about the size of the money reported, saying his investment decisions are made by outside parties and "we have funds that run my money," and that he does not get involved in the day-to-day decisions. He made the remarks Wednesday at Joint Base Andrews before boarding a Qatar-gifted jumbo jet converted to become the new Air Force One and described his accounts as a "blind account," saying, "I never — I don't even speak to them. I don't talk to them, they're big institutions, and they run it."
Analyses of his annual disclosure forms found he reported at least $2.2 billion in revenue last year, compared with at least $622 million reported in 2024.
The sprawling form also shows purchases and sales of hundreds of companies' stocks, including Nvidia, Amazon and Microsoft, with some individual transactions totaling millions of dollars and the largest individual transactions valued between $5 million and $25 million; one entry shows a purchase of Amazon stock worth between $500,000 and $1 million on Sept. 23, the same day a trial began on federal allegations involving the company.
The filings list cryptocurrency holdings as well, showing more than $50 million in Bitcoin and between $5 million and $25 million in Ethereum among the president's reported assets.
The disclosure also reported non-crypto income including about $77 million from Mar-a-Lago, $122 million from the Doral golf club and roughly $30 million apiece from golf clubs in Jupiter, Florida; Bedminster, New Jersey; and Turnberry, Scotland, plus $4.7 million in royalties from "Trump Watches" and nearly $2.9 million in food-and-beverage sales at Trump Restaurants LLC.
It lists legal settlements of $16 million from ABC, $16 million from CBS Broadcasting and CBS Interactive, $24.5 million from Meta, $22 million from YouTube and $8 million from X, with most of that money recorded as paid to his future presidential library or the Trust for the National Mall rather than to the president personally.
An ethics official noted the president received a 45-day extension to file the report and "paid late filing fees related to transactions not previously reported," and the filing references a civil fraud judgment that a panel of appellate judges described as "excessive" in imposing nearly $527 million in fines plus interest and notes the Supreme Court declined to hear his appeal in the E. Jean Carroll cases.
First Lady Melania Trump listed income for 2025, including $10.7 million from a license agreement tied to a documentary and about $6 million from the sale of nonfungible tokens.
A Forbes list estimated the president's fortune rose from $2.3 billion to $6.5 billion between 2024 and 2026, and Bloomberg's Billionaires Index put his net worth at $7.6 billion.