Trump reports US$26 million in foreign real estate earnings on top of US$1.4 billion in crypto gains

[WASHINGTON] US President Donald Trump reported earning at least US$1.4 billion in 2025 from crypto and memecoin-related businesses, according to his latest annual financial disclosure.

Trump reported making more than US$588 million from sales by World Liberty Financial, the crypto firm whose co-founders include Trump, his sons, and Steven Witkoff, a top diplomat in his administration. Zach Witkoff, the special envoy’s son, serves as chief executive officer.

CIC Digital, Trump’s memecoin business, generated US$636 million in income. Almost all of it came in the form of royalties from a licence agreement with Celebration Coins. CIC Digital also held various cryptocurrencies in digital wallets worth at least US$60 million. He also made nearly US$197 million from an equity sale of Stablecoin Holdco.

The 927-page filing, released on Tuesday (Jun 30) by the US Office of government Ethics, provides a view into his sprawling empire, including income from his hotels, golf resorts and cryptocurrency ventures.

The crypto haul was by far the largest source of the president’s income. The crypto earnings far exceed the US$77 million he made in resort-related revenue from his Mar-a-Lago resort or the US$25 million from his Northern Virginia golf club.

The disclosure lists more than 680 pages of transactions, including purchases and sales of equities, including Amazon.com and Apple.

Nvidia, Microsoft, Netflix and ExxonMobil were among the most frequently traded stocks in his portfolio. The filing does not include any of the more than 3,700 trades he executed in the first quarter of 2026 that were disclosed in May.

Trump, who’s worth an estimated US$7.6 billion according to the Bloomberg Billionaires Index, valued more than two dozen assets at more than US$50 million, including Mar-a-Lago; his Turnberry, Scotland, golf resort; and his stake in Trump Media & Technology Group, which owns his Truth Social platform.

Officials disclose the values of their holdings in broad ranges with “over US$50 million” the highest, which means that they can’t be used to calculate an individual’s net worth.

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The disclosure reignites concerns that Trump, who did not divest or move his assets into a blind trust with an independant overseer, may be profiting from his presidency. Critics have regularly accused him of mixing his official duties with his financial interests, as his sprawling business empire is managed by two of his sons and operates in areas that intersect with presidential policy.

The documents show that Trump paid off three mortgages in 2025, including one at 40 Wall Street that was at one point valued at over US$50 million. The mortgage there was taken out in 2015 and carried an interest rate of 3.665 per cent, according to the documents.

Trump said he had earned at least US$26 million in income from an array of new real estate ventures abroad, illustrating how his fortune has grown as his family embraces foreign deal-making in his second term.

The fees, outlined in financial disclosure documents released on Tuesday, streamed in from new deals that the Trump Organization pursued around the globe in locations ranging from Romania to the United Arab Emirates. The company licenced the Trump name for real estate projects in Bucharest, Doha and Abu Dhabi’s Al Raha Beach. Additional income flowed from previously inactive entities in the Indian cities of Gurugram, Noida and Pune.

While those earnings pale in comparison to some of the president’s other income sources, the foreign real estate efforts are particularly notable because during his first four years in office, the family business said it wouldn’t pursue new deals overseas an effort to avoid even the potential appearance of conflicts of interest. The Trump Organization relaxed those rules for the president’s second term.

“Neither the president nor his family has ever engaged – or will ever engage – in conflicts of interest,” said Anna Kelly, a White House spokesperson. “All actions by President Trump and his administration are taken in the best interest of the American people.”

Kimberly Benza, a spokesperson for the Trump Organization, said in a statement that “this disclosure once again demonstrates that the Trump Organization continues to maintain a strong financial position, supported by world class, valuable assets, substantial liquidity and a conservative balance sheet.”

In the US, Trump also reported a spike from hospitality at his Mar-a-Lago resort in Florida, where income jumped 55 per cent – from US$50.1 million to US$77.5 million – compared to last year’s filing.

Golf course revenue was up 12 per cent to US$399 million. Trump National Doral Miami – where the president is set to host the Group of 20 summit later this year – recorded a 10 per cent increase in revenue, to US$122 million. Trump’s club in Palm Beach saw a 27 per cent gain to US$36.9 million and Trump International Golf Links Aberdeen in Scotland, which Trump visited to open a second course last July, was up 51 per cent to £6.7 million.

The disclosure also showed that the Trump International Hotel & Tower Chicago had US$38.5 million in hotel-related revenue last year.

The document also show that Trump reported receiving 10 tickets to the soccer World Cup finals in July from Fifa head Gianni Infantino valued at US$15,000, 10 tickets to the US Open tennis tournament from sponsor Rolex worth US$25,000, as well as 10 tickets to Super Bowl LIX in New Orleans estimated at US$50,000.

Vice-President JD Vance also disclosed assets for him and his wife, Usha Vance, worth more than US$7 million. BLOOMBERG