Trump reports $1.4 billion crypto windfall in 927-page disclosure, says he never talks to the funds managing his money

The numbers on the page

Donald Trump's annual financial disclosure, filed with the Office of Government Ethics and running 927 pages, shows cryptocurrency ventures overtaking real estate as his largest income source in 2025. The document puts total crypto-related income at over $1.4 billion. World Liberty Financial, a firm Trump co-founded with his sons and White House Middle East envoy Steve Witkoff, generated roughly $520 million to $594 million from token sales, depending on the source. Another $635 million to $636 million came via CIC Digital LLC, a memecoin operation, nearly all from a licensing agreement with Celebration Coins.

The disclosure values Trump's digital-asset wallets at a minimum of $60 million, and the Financial Times reports he still holds more than 15 billion World Liberty Financial tokens with a market value around $900 million. Forbes estimates Trump's total net worth at $6 billion; Bloomberg puts the figure at $7.6 billion. When he first took office in 2017, that number stood at $3 billion.

The president's response

Speaking to reporters before boarding his new Air Force One for a flight to North Dakota, Trump distanced himself from day-to-day management of his finances. "We have funds that manage my money well. I earned a lot of money before I became president, and they invest my assets. I don't talk to them, ever," he said.

They are large institutions, and they invest in what they deem appropriate.

Trump linked his returns to broad market performance, pointing to retirement accounts. "If you have a 401(k), how is it doing? It's up about 85 percent. Thank you, President Trump. So we are all benefiting from this," he continued. He also touted his earlier business career, saying he did not know whether he had been more successful in politics or in business.

A shift from sceptic to beneficiary

During earlier campaigns and his first term, Trump dismissed cryptocurrency as a "playground for fraudsters." The disclosure now positions him as the sector's most prominent beneficiary while serving as its chief regulator. The $TRUMP memecoin entered the market just days before his second inauguration in January 2025. Token-sale proceeds to World Liberty Financial rose roughly ninefold year-on-year, from $54.7 million or $57.4 million in 2024 to over $590 million in 2025.

The Trump administration has eased restrictions imposed under Joe Biden. SEC chair Gary Gensler was replaced by Paul Atkins, described as a strong crypto advocate. Since that change, the SEC has withdrawn lawsuits or reached settlements with major industry firms such as Coinbase. The Financial Times notes those companies contributed to the president's inaugural fund and to new White House infrastructure projects.

Ethics questions in Washington

White House spokesperson Anna Kelly rejected conflict-of-interest allegations. "Neither the president nor his family have ever engaged in, nor will they ever engage in, conflicts of interest," Kelly said, adding that Trump has proudly made the United States the crypto capital of the world through executive actions.

A Trump Organization representative described the disclosure as evidence of a strong financial position backed by world-class assets, significant liquidity, and a conservative balance sheet. The representative called the 927-page filing one of the most comprehensive financial reports ever submitted by a president.

Magdalena Górnicka-Partyka, a US affairs expert, told Polish outlet Fakt that Trump's approach stands apart. "American presidents did not usually build great fortunes. Harry Truman returned to Missouri from the White House by train because he could not afford a car. But Donald Trump is different," she said.

For Donald Trump, this is earning money here and now. He is not at all interested in ethical matters.

Other assets and a new plane

The disclosure lists Mar-a-Lago, the Turnberry golf course in Scotland, and shares in Trump Media & Technology Group Corp, owner of Truth Social, each valued above the $50 million maximum reporting threshold. Additional income includes $80 million in media settlements and $52 million in licensing fees, predominantly from Middle Eastern developers. Ten World Cup final tickets from FIFA president Gianni Infantino, worth $15,000, appear among listed gifts.

Trump's remarks came as he prepared for the inaugural flight of a new Air Force One received as a gift from Qatar. "This will be the first flight of a plane that, in my opinion, may turn out to be the best passenger aircraft ever built," he told reporters.