NEW YORK (AP) — President Donald Trump reported nearly $1.2 billion in revenue from his cryptocurrency businesses in 2025, according to a federal filing released on July 1, 2026. This revenue surpasses much of his extensive property portfolio accumulated over decades. The report indicates that Trump earned over $500 million from his World Liberty Financial business, which sells new crypto products, including governance tokens. Another venture, CIC Digital LLC, generated more than $600 million from sales of meme coins featuring his likeness.
Despite the high revenue, both the governance tokens and meme coins have significantly decreased in value since their initial sales. Trump also reported millions in revenue from selling various Trump-branded merchandise, including watches, which alone generated $4.7 million.
The 927-page disclosure form outlines the growth of Trump's wealth since taking office in January 2025, largely through business interests that have benefited from his administration's policies. Forbes estimates Trump's net worth at $6 billion, an increase from $2.3 billion in 2024.
In addition to his crypto ventures, Trump has seen substantial growth in his property business, earning tens of millions in fees from new hotel and resort deals abroad. Notable earnings include $10.4 million from a property in the United Arab Emirates and $9 million from a project in Saudi Arabia. His Mar-a-Lago property in Florida also reported $77 million in revenue, a 50% increase from the previous year.
The disclosure report does not provide profit figures, making it unclear how much Trump is actually earning. After taking office, Trump reversed the Biden administration's strict policies on the crypto industry, promoting a more favorable regulatory environment. However, concerns from regulators remain, particularly regarding the nature of governance tokens, which do not offer ownership stakes in companies.
The White House maintains that Trump has placed his business interests in a trust managed by his sons, asserting that there are no conflicts of interest. However, the nature of business dealings in countries with authoritarian regimes raises questions about the transparency of these transactions. For instance, a new resort in Vietnam generated $5 million for Trump after the local government facilitated the deal, which reportedly involved displacing farmers.
The impact of these international deals on U.S. policy remains uncertain, though countries involved have received concessions, such as tariff relief and access to advanced technology.