The president declared income in 2025 worth more than $1.4 billion (about €1.228 million) from his family’s cryptocurrency companies, data that shows that the president obtained most of his income last year thanks to these digital assets, according to his latest income statement released this Tuesday. This news once again highlights the issue of the possible conflict of interest between Trump’s and his family’s businesses with the position to which the Republican magnate returned in January 2025.
Data from the 2025 annual filing with the U.S. Office of Government Ethics reveals that Trump’s companies received nearly $800 million from World Liberty Financial, a cryptocurrency company he and his sons co-founded. This income, which the president shares with members of his family, included more than $520 million from the sale of cryptocurrencies and more than $250 million from the sale of stakes in World Liberty. The president in turn declared having raised another $635 million from the sale of his coins with the Trump meme.
These figures indicate that cryptocurrencies have become a fundamental asset. In his statement a year ago, for example, the Republican declared income of $57.35 million from the sale of tokens in World Liberty, a figure that has multiplied by nine in the 2025 statement.
According to recent Reuters calculations, the Trump family together has made at least $2.3 billion from cryptocurrency-related projects since Trump returned to the White House.
having entered other million-dollar amounts for various concepts. For example, $80 million from deals with various media companies and $52 million from his company’s licensing of his name to foreign real estate developers, driven primarily by deals with Middle Eastern partners.
The White House has already commented on the question of the possible conflict of interest that Trump could have incurred. His spokesperson, Anna Kelly, denied this possibility this Tuesday, stating that “neither the president nor his family have ever incurred, nor will they ever incur, any conflicts of interest.” However, Kelly has acknowledged that Trump has used “presidential decrees” to “proudly” turn the United States “into the cryptocurrency capital of the world.”
“All actions by President Trump and his Administration are taken in the best interest of the American people, and any so-called journalist who claims otherwise is repeating the same false and worn-out narrative that Democrats and the traditional media have been pushing for a decade,” the spokesperson said.
Since Trump’s return to the presidency, the White House has reiterated that the Republican has disassociated himself from his family’s economic empire and that his interests in his companies are now managed by his children. However, the president remains the beneficiary of the assets of the trust that ultimately receives the income from his economic empire. While cryptocurrencies are now by far the president’s main source of income, his traditional businesses, particularly golf courses and resorts, also continue to generate millions in profits.
In his statement, Trump has in turn reported a 15% increase in income from his golf facilities and resorts, which will exceed $500 million in 2025. The largest increases were recorded in the clubs where the president has spent a lot of time since his inauguration.
Transparency
Revenue from his Mar-a-Lago club in Florida, which Trump has dubbed the Winter White Housesoared from $50 million in 2024 to $77 million, while revenue from his golf club in nearby West Palm Beach rose 27%. Profits at Trump’s Los Angeles golf course declined last year. The Republican hosted the winners of his second annual meme coin contest at Mar-a-Lago in April.
By contrast, profits from Trump’s real estate businesses experienced less spectacular growth. The president has reported income on a dozen major projects in that sector, mainly stakes in buildings he built or acquired decades ago. The statement does not provide specific rent figures for properties like Trump Tower in New York, but rather income ranges. For most of those properties, that range in 2025 was equal to or lower than what Trump declared a decade earlier.
A spokesperson for the Trump family business, the Trump Organization, has assured that “the breadth and depth of this statement [del presidente] They further underscore our commitment to transparency. At nearly 1,000 pages, it represents one of the most comprehensive financial disclosure reports ever presented and demonstrates a level of financial transparency unprecedented in presidential history.”
Don Fox, former acting director of the Federal Ethics Office, which oversees ethics rules for federal employees and reviews financial disclosures, including Trump’s, explains that presidents and vice presidents are exempt from ethics laws that prohibit conflicts of interest among executive branch employees.
However, he points out, “all presidents of the post-Watergate era have managed their finances as if they were subject to conflicts of interest.” “Under Trump, those norms have simply disappeared completely,” the official says. Trump, he continues, “highlights better than anyone the need to implement additional ethics reforms. I think, legislatively speaking, one step that could be taken would be to limit the type of investments that he and the vice president can have.”
