US President Donald Trump has reported earning more than $1 billion in 2025, with cryptocurrency emerging as the largest contributor to his income, according to his mandatory 927-page financial disclosure. The filing highlights the growing role of digital assets in Trump’s business portfolio while also renewing debate over potential conflicts of interest during his presidency.
Among the biggest sources of income was a reported $635 million in royalties linked to the Trump-themed meme coin launched just days before he returned to the White House. Although the cryptocurrency has since experienced a significant decline in market value, the financial disclosure indicates it generated substantial earnings during the reporting period.
Trump also disclosed more than $500 million in income from World Liberty Financial, a cryptocurrency company established by his sons along with the sons of Steve Witkoff, the president’s special envoy. The venture has become one of the most profitable businesses associated with the Trump family, underscoring the administration’s strong support for the digital asset industry.
Beyond cryptocurrency, Trump continued to earn millions of dollars from his long-standing real estate holdings, licensing agreements, and sales of Trump-branded merchandise. The latest disclosure significantly exceeds the more than $600 million in income reported in his previous financial filing for 2024.
The financial report is expected to intensify scrutiny from critics, who argue that the president’s extensive business interests could create conflicts with his official responsibilities. However, the White House rejected those concerns, maintaining that Trump has separated himself from the management of his business empire by placing his assets in a trust overseen by his sons.
White House Deputy Press Secretary Anna Kelly defended the president, stating that Trump has been instrumental in making the United States “the crypto capital of the world.” She also dismissed allegations of conflicts of interest, saying neither the president nor his family has engaged in or intends to engage in activities that would compromise the integrity of the office.
The disclosure offers one of the clearest pictures yet of Trump’s financial interests, illustrating how cryptocurrency has become a central pillar of his wealth while remaining a source of political and ethical debate.
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