President Donald Trump on Wednesday defended the approximately $1.2 billion he earned from his family’s cryptocurrency ventures over the past year, rejecting accusations that he has benefited financially from holding office and arguing that his gains simply reflect broader economic growth.
Speaking with reporters before boarding the new Air Force One for its inaugural flight, Trump dismissed criticism that he has used the presidency for personal enrichment.
“You know why I’m profiting, because the stock market’s going up, everybody’s profiting,” Trump said.
Responding to questions about potential conflicts of interest, Trump emphasized that his personal assets are managed through blind trusts and said he plays no role in overseeing his financial holdings.
“I don’t get involved in my personal (finances); we have funds that run my money,” Trump said. “I’ve made a lot of money before I became president, and they invest my money, and I don’t talk to them.”
Trump also stressed that his wealth was built long before returning to the White House.
The earnings disclosed this year stem largely from cryptocurrency businesses launched during his current administration.
“I don’t know if I’ve had a better career in politics or business, but I had a great career in business, and you know, you saw the cash, and you report the different things,” he said.
“So we’re all profiting. I’m profiting because I have a lot of money and a lot of cash.”
Financial disclosure reports released Tuesday by the U.S. Office of Government Ethics show that Trump received nearly $550 million in 2025 through his involvement with World Liberty Financial, a cryptocurrency startup.
World Liberty Financial was established in September 2024 by Trump’s sons together with the son of Steve Witkoff, Trump’s special envoy to the Middle East.
The extensive 927-page disclosure filing also lists approximately $635 million in royalty income tied to licensing arrangements involving the $TRUMP cryptocurrency, which debuted only hours before Trump’s inauguration in January 2025.
According to Forbes, Trump’s expanding cryptocurrency portfolio has been the principal driver behind the dramatic increase in his personal fortune, which climbed from roughly $2.3 billion in 2024 to approximately $6.5 billion by 2026.
The White House celebrated those developments, saying Trump has “proudly made the United States the crypto capital of the world.”
The filings show that businesses launched only after Trump returned to office now generate more revenue than many of the real estate holdings he spent decades building.
Those ventures also benefited from substantial backing by billionaire investors, along with administration policies that rolled back federal regulatory pressure on the cryptocurrency industry.
Beyond digital assets, Trump also earned millions through sales of Trump-branded merchandise, including Bibles, sneakers, watches, and other consumer products. Sales of Trump watches alone generated approximately $4.7 million during the year.
The disclosure report provides a broad snapshot of the president’s expanding business interests since returning to office last January. Although Trump has consistently said his sons oversee his financial affairs, critics note that his trust arrangement differs from the conflict-of-interest structures adopted by recent presidents.
Forbes currently estimates Trump’s net worth at approximately $6 billion, compared with $2.3 billion just two years earlier.
The rapid growth of Trump’s cryptocurrency holdings represents a notable shift from the business empire that originally made him famous. Throughout his political career, Trump had long emphasized his success in real estate.
At the same time, his real estate operations also experienced substantial expansion. The Trump Organization collected tens of millions of dollars from new hotel, condominium, and resort licensing agreements overseas, marking what has been described as the company’s largest international property expansion since the family business was founded roughly a century ago.
Several of those international agreements were finalized while the host nations were simultaneously negotiating with the United States on issues including tariffs, military cooperation, and other major policy matters.
According to the disclosures, a Trump-branded project in the United Arab Emirates generated $10.4 million last year. A development in Saudi Arabia yielded another $9 million, while projects in Romania and Qatar each produced approximately $5 million.
Trump’s domestic holdings also enjoyed significant gains. Mar-a-Lago generated approximately $77 million during the year, representing about a 50% increase over the previous year as foreign leaders and business executives increasingly visited the Florida property during Trump’s presidency.
The financial disclosures report gross revenue rather than profits, making it impossible to determine Trump’s actual earnings after expenses.
Following his return to office, Trump reversed many of the Biden administration’s policies toward cryptocurrency, replacing them with a regulatory approach widely viewed as favorable to the industry.
Nevertheless, regulators previously expressed concerns regarding World Liberty Financial’s “governance tokens,” warning that unlike traditional stocks, they provide no ownership stake in the issuing company, grant only limited voting rights on certain corporate matters, and can be difficult to value.
Despite those warnings, investors continued purchasing the tokens. Among them was Chinese billionaire Justin Sun, who spent approximately $75 million on the governance tokens and another $200 million on Trump-themed commemorative coins. A federal lawsuit accusing Sun of defrauding investors was paused last year before ultimately being resolved through a $10 million settlement.
Sun has repeatedly denied that his investments in Trump-related ventures had any connection to his federal legal case, while World Liberty Financial has similarly rejected allegations of any conflict of interest.
Meanwhile, investors who bought Trump-linked digital assets have suffered steep declines in value.
Since trading began in September, World Liberty tokens have lost roughly 80% of their value. Likewise, Trump commemorative coins, which briefly traded above $74 shortly after their January 2025 launch, have since fallen to approximately $1.68.
The White House has consistently maintained that Trump’s businesses are controlled through a trust administered by his sons and that the president has no involvement in day-to-day decisions, insisting there are no ethical concerns.
“Neither the President nor his family has ever engaged — or will ever engage — in conflicts of interest,” spokeswoman Anna Kelly said. “All actions by President Trump and his administration are taken in the best interest of the American people.”
The Trump Organization has also maintained that its international business agreements are conducted with private companies rather than foreign governments.
However, critics argue that drawing a clear distinction between private businesses and governments can be difficult in countries governed by royal families, authoritarian leaders, or one-party political systems.
One example cited in the disclosures involves a new Trump resort project in Vietnam. The report states that Trump received $5 million from the project after Vietnam’s deputy prime minister approved the development. According to The New York Times, local farmers were displaced to make way for construction.
Whether any of these business relationships influenced subsequent U.S. foreign policy remains unclear. However, several of the countries involved later secured policy objectives they had sought from Washington, including tariff relief for Vietnam, expanded access to advanced American technology for Qatar, and long-sought U.S. fighter jet sales to Saudi Arabia.
{Matzav.com}