A new annual disclosure filed with the Office of Government Ethics says President Donald Trump’s crypto ventures pulled in nearly $1.2 billion last year, including more than $500 million from World Liberty Financial and more than $600 million from CIC Digital
For many investors, the plunge happened after the sales. For President Donald Trump, the money showed up in paperwork.
A federal annual disclosure report released Tuesday says Trump’s crypto businesses took in nearly $1.2 billion last year, a figure that locks in revenue for the ventures even as investors who bought Trump-tied products were left absorbing losses.
The filing. required by the Office of Government Ethics. shows Trump got more than $500 million from his World Liberty Financial business selling new crypto products. including “governance tokens.” It also says another crypto business. CIC Digital LLC. took in more than $600 million from sales of souvenir-type “meme” coins stamped with his face.
The disclosure describes a sharp reversal after launch. Both the governance tokens and the meme coins have plunged in value since the sales.
World Liberty tokens have fallen 80% since they started trading in September. The Trump souvenir coins, which spiked to more than $74 in the days after launching in January 2025, now sell for $1.68.
The report paints a broader picture of how quickly Trump’s business interests have grown since he took office last January, with crypto taking on a role that the president did not foreground during his run.
In addition to crypto, the disclosure also shows Trump took in millions last year from selling Trump-branded items, including bibles and sneakers. The sale of Trump-branded watches brought in $4.7 million.
The document is 927 pages long and lists revenue figures, not profit figures—leaving the public unable to determine how much Trump earned overall.
Forbes estimates Trump’s net worth at $6 billion, up from $2.3 billion in 2024.
The filing also places the crypto windfall in the context of a wider business push abroad. It says Trump took in tens of millions in fees from a flurry of new hotel. resort and condo deals overseas—described as the biggest property expansion in a century since the family business was founded. The report links several of those countries’ diplomatic and military interests with the pace of the business deals.
A property in the United Arab Emirates generated $10.4 million for the Trump business last year. One in Saudi Arabia—being built by a real estate developer close to the ruling family—sent the president’s company $9 million. Another in Bucharest, Romania, and one in Qatar each sent $5 million.
One of Trump’s best-known domestic properties, Mar-a-Lago in Florida, also saw a surge. The filing says Trump took in $77 million from the property, a 50% jump from the year earlier when he was just another citizen as heads of state and business people flocked to it during his new term.
Crypto’s rapid rise came as Trump reversed the Biden administration’s tough stance on the industry. But regulators had signaled concerns before World Liberty began selling the governance tokens.
Those warnings said that unlike stocks, the tokens offer no ownership stake in the issuing company—only voting power on certain corporate policies—and are difficult to value.
Buyers moved anyway. The filing says a Chinese billionaire spent $75 million on the tokens and $200 million on the souvenir coins. In February last year. a federal lawsuit charging the billionaire. Justin Sun. with duping investors was paused before being settled for a $10 million fine. Sun has repeatedly denied that his spending on Trump businesses had anything to do with the case. and World Liberty has dismissed the notion of a conflict of interest.
That conflict question runs alongside another one: how a president can promote policies while profiting from private ventures.
The White House has repeatedly said Trump put his business in a trust managed by his sons and is not involved in decisions and that there are no ethics issues to discuss. Spokeswoman Anna Kelly said. “Neither the President nor his family has ever engaged — or will ever engage — in conflicts of interest. ” adding. “All actions by President Trump and his administration are taken in the best interest of the American people.”.
The Trump Organization has also said its overseas deals were with private companies, not with governments.
Even so, the disclosure raises the limits of certainty. It says that for a new Trump resort in Vietnam. Trump took in $5 million last year after the ruling Communist Party sent its deputy prime minister to sign off on the deal. and it notes. according to The New York Times. that farmers were pushed off the land to make way for construction.
The filing doesn’t make it possible to determine whether any of those international deals played a role in changes to U.S. policy sought by those countries. But it does show that the countries pursued their interests while the business revenues rose.
Vietnam received tariff relief. Qatar got access to advanced U.S. technology previously off limits. Saudi Arabia got U.S. fighter jets it had coveted for years.
The disclosure report itself also clarifies that an earlier version of the story incorrectly reported that the form was released Monday. The updated version reflects its Tuesday release date.
Trump crypto World Liberty Financial CIC Digital LLC governance tokens meme coins Office of Government Ethics Anna Kelly Mar-a-Lago foreign property deals
So he made a billion and everyone else lost??
Wait it says revenue but not profit, so is this like clickbait math? Either way those coins dropping 80% sounds brutal.
The meme coins with his face… I mean it’s basically a souvenir shop in disguise. Also $74 to $1.68 is kinda insane, but maybe people should’ve known crypto gonna crypto lol.
I don’t even understand this 927 page thing. Like why would they say $1.2 billion swing if it’s not profit?? Sounds like laundering to me or some loophole. And bibles and sneakers too—are we really counting every random merch sale now?